Pinnacle Wealth Planning Services Inc. Invests $212,000 in Integer Holdings Corporation $ITGR

Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Integer Holdings Corporation (NYSE:ITGR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,726 shares of the medical equipment provider’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also bought and sold shares of ITGR. Guidance Capital Inc. grew its holdings in shares of Integer by 5.8% during the 1st quarter. Guidance Capital Inc. now owns 3,819 shares of the medical equipment provider’s stock worth $480,000 after acquiring an additional 208 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Integer during the first quarter valued at approximately $1,527,000. Knights of Columbus Asset Advisors LLC grew its stake in Integer by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 18,685 shares of the medical equipment provider’s stock worth $2,205,000 after purchasing an additional 489 shares during the period. LPL Financial LLC grew its stake in Integer by 11.4% in the first quarter. LPL Financial LLC now owns 49,585 shares of the medical equipment provider’s stock worth $5,683,000 after purchasing an additional 5,077 shares during the period. Finally, First National Advisers LLC bought a new position in Integer in the first quarter worth $436,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ITGR shares. Benchmark restated a “hold” rating on shares of Integer in a report on Friday, October 24th. Bank of America cut shares of Integer from a “buy” rating to a “neutral” rating and set a $87.00 price target for the company. in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Integer in a report on Friday, October 31st. Truist Financial decreased their target price on shares of Integer from $121.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Wall Street Zen cut Integer from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $96.75.

Integer Trading Down 0.2%

Integer stock opened at $67.60 on Thursday. Integer Holdings Corporation has a 52-week low of $62.00 and a 52-week high of $146.36. The company has a market cap of $2.37 billion, a P/E ratio of 28.28, a P/E/G ratio of 0.60 and a beta of 0.95. The company has a quick ratio of 2.45, a current ratio of 3.71 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $89.48 and a two-hundred day simple moving average of $105.88.

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 analysts’ consensus estimates of $1.68 by $0.11. Integer had a net margin of 4.75% and a return on equity of 12.84%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 EPS. Integer has set its FY 2025 guidance at 6.290-6.430 EPS. Analysts predict that Integer Holdings Corporation will post 6.01 EPS for the current year.

Integer declared that its board has authorized a share buyback plan on Tuesday, November 4th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the medical equipment provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Integer

In related news, EVP Diron Smith bought 1,116 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost of $67.19 per share, for a total transaction of $74,984.04. Following the completion of the transaction, the executive vice president owned 7,698 shares of the company’s stock, valued at approximately $517,228.62. This trade represents a 16.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Tommy P. Thomas sold 884 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $70.15, for a total value of $62,012.60. Following the sale, the vice president directly owned 3,596 shares of the company’s stock, valued at $252,259.40. This represents a 19.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 5,843 shares of company stock worth $384,771. 2.16% of the stock is owned by insiders.

Integer Profile

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.