Shares of Integer Holdings Corporation (NYSE:ITGR – Get Free Report) saw unusually-high trading volume on Monday following a better than expected earnings announcement. 2,477,399 shares traded hands during trading, an increase of 279% from the previous session’s volume of 653,245 shares.The stock last traded at $124.4820 and had previously closed at $121.21.
The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.22. Integer had a net margin of 7.64% and a return on equity of 12.83%. The firm had revenue of $464.11 million for the quarter, compared to analysts’ expectations of $450.67 million. During the same period in the prior year, the company earned $1.55 EPS. The business’s revenue was down 2.6% compared to the same quarter last year.
Key Integer News
Here are the key news stories impacting Integer this week:
- Positive Sentiment: KKR will acquire Integer in an all-cash transaction valued at approximately $5.7 billion. Shareholders will receive $127 per share, a 28.8% premium to Integer’s 30-day volume-weighted average price and a 51.8% premium to the price before the company announced its strategic review. The deal provides investors with a defined cash exit and is the main catalyst behind the stock’s advance. Integer to Be Acquired by KKR
- Positive Sentiment: KKR said it intends to provide long-term capital for Integer’s capacity, technology, innovation and talent investments, while also establishing an employee ownership program. Integer’s board unanimously approved the agreement and recommends shareholder approval. Closing is expected by year-end 2026, subject to regulatory approvals and a shareholder vote. Integer Shares Surge as KKR Agrees to Takeover
- Positive Sentiment: Integer reported second-quarter EPS of $1.60, beating the $1.38 consensus estimate by $0.22 and increasing from $1.55 a year earlier. Revenue of $464.11 million also exceeded the $450.67 million analyst forecast, indicating solid operating performance. Integer Q2 Earnings and Revenues Top Estimates
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on ITGR
Institutional Investors Weigh In On Integer
Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in Integer by 48.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock valued at $32,000 after acquiring an additional 117 shares during the period. Salomon & Ludwin LLC lifted its position 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 worth $29,000 after purchasing an additional 118 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of Integer by 0.6% during the fourth 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 shares of Integer by 1.4% during the second quarter. Orion Porfolio Solutions LLC now owns 9,755 shares of the medical equipment provider’s stock valued at $1,200,000 after purchasing an additional 138 shares during the period. Finally, Lido Advisors LLC boosted its stake in shares of Integer by 5.5% during the fourth quarter. Lido Advisors LLC now owns 2,887 shares of the medical equipment provider’s stock valued at $226,000 after purchasing an additional 151 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
Integer Trading Up 2.7%
The stock’s fifty day moving average price is $93.88 and its 200 day moving average price is $88.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.75 and a quick ratio of 2.38. The stock has a market capitalization of $4.23 billion, a P/E ratio of 31.05, a PEG ratio of 2.89 and a beta of 0.61.
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.
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