240,234 Shares in Integer Holdings Corporation $ITGR Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. purchased a new stake in shares of Integer Holdings Corporation (NYSE:ITGRFree Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 240,234 shares of the medical equipment provider’s stock, valued at approximately $22,450,000. Integer accounts for about 1.0% of Heartland Advisors Inc.’s holdings, making the stock its 17th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ITGR. Irenic Capital Management LP acquired a new stake in shares of Integer during the fourth quarter worth approximately $99,109,000. Alliancebernstein L.P. boosted its holdings in shares of Integer by 885.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider’s stock worth $136,016,000 after acquiring an additional 993,810 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Integer by 1,141.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider’s stock worth $72,076,000 after acquiring an additional 753,081 shares during the last quarter. Millennium Management LLC grew its position in Integer by 3,350.2% during the 4th quarter. Millennium Management LLC now owns 677,108 shares of the medical equipment provider’s stock worth $53,106,000 after acquiring an additional 657,483 shares during the last quarter. Finally, J. Goldman & Co LP acquired a new stake in Integer during the 4th quarter valued at $40,531,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ITGR has been the subject of several research analyst reports. Citigroup lifted their price objective on Integer from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. KeyCorp lowered Integer from an “overweight” rating to a “sector weight” rating in a research note on Monday, August 3rd. Piper Sandler downgraded shares of Integer from an “overweight” rating to a “hold” rating and set a $127.00 price target on the stock. in a research report on Monday, August 3rd. HC Wainwright reissued a “buy” rating on shares of Integer in a report on Friday, July 24th. Finally, Raymond James Financial cut shares of Integer from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.86.

View Our Latest Research Report on ITGR

Integer Stock Up 0.0%

NYSE ITGR opened at $125.22 on Friday. The stock has a market capitalization of $4.26 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 2.97 and a beta of 0.61. Integer Holdings Corporation has a 52 week low of $62.00 and a 52 week high of $126.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 3.73. The stock has a fifty day moving average of $104.12 and a 200-day moving average of $93.10.

Integer (NYSE:ITGRGet Free Report) last posted its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.22. The business had revenue of $464.11 million for the quarter, compared to analysts’ expectations of $451.07 million. Integer had a return on equity of 12.79% and a net margin of 6.97%.The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 earnings per share. On average, equities research analysts forecast that Integer Holdings Corporation will post 6.08 EPS for the current year.

Integer Profile

(Free Report)

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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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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