Tommy Thomas Sells 884 Shares of Integer (NYSE:ITGR) Stock

Integer Holdings Corporation (NYSE:ITGR) VP Tommy Thomas sold 884 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $70.15, for a total transaction of $62,012.60. Following the transaction, the vice president owned 3,596 shares in the company, valued at approximately $252,259.40. This trade represents a 19.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Integer Price Performance

NYSE:ITGR opened at $69.48 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.45 and a current ratio of 3.71. The firm’s fifty day moving average is $93.23 and its two-hundred day moving average is $107.89. Integer Holdings Corporation has a one year low of $62.00 and a one year high of $146.36. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 0.60 and a beta of 0.95.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, October 23rd. The medical equipment provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.11. Integer had a return on equity of 12.84% and a net margin of 4.75%.During the same period in the previous year, the business posted $1.43 EPS. The company’s revenue was up 8.4% on a year-over-year basis. Integer has set its FY 2025 guidance at 6.290-6.430 EPS. Research analysts expect that Integer Holdings Corporation will post 6.01 EPS for the current year.

Integer announced that its board has initiated a share buyback program on Tuesday, November 4th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the medical equipment provider to purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Piper Sandler reduced their target price on shares of Integer from $155.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Argus cut Integer from a “buy” rating to a “hold” rating in a report on Friday, October 24th. Wall Street Zen downgraded Integer from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. KeyCorp cut their price objective on shares of Integer from $145.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Finally, Citigroup lowered their price target on Integer from $77.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Integer has an average rating of “Hold” and an average price target of $96.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new stake in shares of Integer during the 3rd quarter worth about $26,000. SVB Wealth LLC acquired a new stake in shares of Integer during the 1st quarter valued at about $35,000. Global Retirement Partners LLC raised its stake in Integer by 293.8% during the third quarter. Global Retirement Partners LLC now owns 319 shares of the medical equipment provider’s stock worth $33,000 after acquiring an additional 238 shares in the last quarter. CWM LLC boosted its holdings in shares of Integer by 46.1% in the 2nd quarter. CWM LLC now owns 355 shares of the medical equipment provider’s stock worth $44,000 after acquiring an additional 112 shares in the last quarter. Finally, MAI Capital Management grew its holdings in Integer by 220.9% during the 2nd quarter. MAI Capital Management now owns 369 shares of the medical equipment provider’s stock worth $45,000 after acquiring an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

About Integer

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.