Integer Holdings Corporation (NYSE:ITGR – Get Free Report) saw some unusual options trading on Friday. Investors purchased 2,199 call options on the company. This represents an increase of approximately 1,076% compared to the average volume of 187 call options.
Integer Price Performance
Shares of ITGR stock traded up $0.23 during mid-day trading on Friday, hitting $126.28. The company had a trading volume of 60,926 shares, compared to its average volume of 772,949. The stock’s 50 day moving average price is $113.59 and its 200-day moving average price is $97.08. Integer has a 52-week low of $62.00 and a 52-week high of $126.79. The company has a market capitalization of $4.29 billion, a P/E ratio of 34.50, a P/E/G ratio of 2.39 and a beta of 0.62. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.73 and a quick ratio of 2.41.
Integer (NYSE:ITGR – Get Free Report) last issued its earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.22. The firm 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 business’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. Equities research analysts forecast that Integer will post 6.09 earnings per share for the current year.
Insider Buying and Selling at Integer
Institutional Trading of Integer
Several hedge funds have recently modified their holdings of ITGR. Heartland Advisors Inc. raised its holdings in shares of Integer by 506.8% in the 4th quarter. Heartland Advisors Inc. now owns 242,715 shares of the medical equipment provider’s stock worth $19,036,000 after purchasing an additional 202,715 shares during the period. WINTON GROUP Ltd acquired a new position in Integer during the fourth quarter valued at approximately $4,836,000. William Blair Investment Management LLC grew its stake in Integer by 70.1% during the fourth quarter. William Blair Investment Management LLC now owns 468,377 shares of the medical equipment provider’s stock worth $36,735,000 after buying an additional 192,956 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Integer in the second quarter worth $746,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Integer by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 437,964 shares of the medical equipment provider’s stock valued at $34,350,000 after acquiring an additional 29,885 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on ITGR. Benchmark cut shares of Integer from a “buy” rating to a “hold” rating in a research report on Thursday, August 13th. Piper Sandler lowered Integer from an “overweight” rating to a “hold” rating and set a $127.00 price target for the company. in a research report on Monday, August 3rd. HC Wainwright restated a “buy” rating on shares of Integer in a research note on Friday, July 24th. Citigroup raised their price target on shares of Integer from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Integer in a research report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Integer presently has an average rating of “Hold” and a consensus target price of $109.86.
Check Out Our Latest Stock Analysis on ITGR
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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