Maryland State Retirement & Pension System Grows Position in Integer Holdings Corporation $ITGR

Maryland State Retirement & Pension System lifted its position in Integer Holdings Corporation (NYSE:ITGR) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,254 shares of the medical equipment provider’s stock after acquiring an additional 462 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Integer were worth $1,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC boosted its holdings in Integer by 92.8% during the first quarter. Intech Investment Management LLC now owns 22,682 shares of the medical equipment provider’s stock worth $2,677,000 after purchasing an additional 10,915 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Integer during the first quarter valued at approximately $916,000. Russell Investments Group Ltd. increased its position in shares of Integer by 14.7% during the first quarter. Russell Investments Group Ltd. now owns 6,749 shares of the medical equipment provider’s stock valued at $796,000 after acquiring an additional 863 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Integer during the fourth quarter valued at approximately $208,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Integer during the first quarter valued at approximately $579,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Integer Stock Down 2.3%

ITGR opened at $100.99 on Friday. The company has a 50 day moving average of $105.20 and a 200 day moving average of $113.58. The company has a market cap of $3.54 billion, a PE ratio of 44.49, a price-to-earnings-growth ratio of 0.80 and a beta of 0.97. Integer Holdings Corporation has a 12 month low of $99.54 and a 12 month high of $146.36. The company has a current ratio of 3.41, a quick ratio of 2.18 and a debt-to-equity ratio of 0.72.

Integer (NYSE:ITGR) last posted its earnings results on Thursday, July 24th. The medical equipment provider reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.02). The company had revenue of $476.00 million for the quarter, compared to analysts’ expectations of $464.37 million. Integer had a return on equity of 12.27% and a net margin of 4.61%.The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. On average, sell-side analysts expect that Integer Holdings Corporation will post 6.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Integer from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Wells Fargo & Company cut their price target on shares of Integer from $152.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday, July 25th. Raymond James Financial lowered their price objective on shares of Integer from $150.00 to $143.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Integer in a research report on Wednesday. Finally, Truist Financial decreased their price target on shares of Integer from $145.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Integer has a consensus rating of “Moderate Buy” and an average target price of $139.57.

Integer Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.