Integer (NYSE:ITGR) Shares Gap Up Following Earnings Beat

Integer Holdings Corporation (NYSE:ITGR)’s stock price gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $86.48, but opened at $100.00. Integer shares last traded at $91.5840, with a volume of 488,245 shares traded.

The medical equipment provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.06. Integer had a return on equity of 12.84% and a net margin of 4.75%.The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.43 earnings per share. Integer has set its FY 2026 guidance at 6.290-6.780 EPS.

Integer announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 4th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the medical equipment provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ITGR shares. Bank of America lowered shares of Integer from a “buy” rating to a “neutral” rating and set a $87.00 price objective for the company. in a report on Friday, October 24th. Wall Street Zen lowered shares of Integer from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Integer in a report on Monday, December 29th. Citigroup increased their target price on Integer from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Finally, Benchmark reaffirmed a “hold” rating on shares of Integer in a research note on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.38.

Institutional Investors Weigh In On Integer

Several institutional investors and hedge funds have recently modified their holdings of ITGR. CWM LLC increased its position in Integer by 46.1% during the 2nd quarter. CWM LLC now owns 355 shares of the medical equipment provider’s stock valued at $44,000 after buying an additional 112 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Integer by 46.8% during the fourth quarter. Salomon & Ludwin LLC now owns 370 shares of the medical equipment provider’s stock valued at $29,000 after acquiring an additional 118 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of Integer by 0.6% in the 4th quarter. Kestra Advisory Services LLC now owns 21,424 shares of the medical equipment provider’s stock worth $1,680,000 after purchasing an additional 136 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in Integer by 1.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 9,755 shares of the medical equipment provider’s stock worth $1,200,000 after purchasing an additional 138 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Integer by 4.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,521 shares of the medical equipment provider’s stock valued at $433,000 after purchasing an additional 148 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Integer Stock Performance

The business’s 50 day simple moving average is $82.37 and its two-hundred day simple moving average is $88.44. The firm has a market capitalization of $3.20 billion, a P/E ratio of 38.49, a price-to-earnings-growth ratio of 0.81 and a beta of 0.77. The company has a current ratio of 3.71, a quick ratio of 2.45 and a debt-to-equity ratio of 0.70.

About Integer

Integer Holdings Corporation (NYSE: ITGR) is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer’s product portfolio is organized into two core segments: Advanced Delivery and MedTech.