Gamco Investors INC. ET AL lessened its holdings in shares of Integer Holdings Corporation (NYSE:ITGR – Free Report) by 70.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,125 shares of the medical equipment provider’s stock after selling 14,735 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Integer were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of ITGR. Tudor Investment Corp ET AL boosted its stake in shares of Integer by 50,787.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 29,500,000 shares of the medical equipment provider’s stock worth $28,606,000 after acquiring an additional 29,442,029 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Integer by 885.1% during 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 during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Integer by 98.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 806,982 shares of the medical equipment provider’s stock worth $63,292,000 after acquiring an additional 401,121 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Integer by 81.4% during the 3rd quarter. Bamco Inc. NY now owns 766,055 shares of the medical equipment provider’s stock worth $79,156,000 after acquiring an additional 343,797 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Integer during the 3rd quarter worth $28,459,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.
Wall Street Analyst Weigh In
ITGR has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Integer from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Zacks Research cut shares of Integer from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Integer from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Raymond James Financial reiterated an “outperform” rating and set a $101.00 price target on shares of Integer in a research note on Monday, February 23rd. Finally, Citigroup dropped their price target on shares of Integer from $92.00 to $89.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Integer currently has an average rating of “Hold” and a consensus target price of $98.29.
Insider Buying and Selling
In other Integer news, VP Tommy P. Thomas sold 825 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $85.00, for a total value of $70,125.00. Following the sale, the vice president owned 4,381 shares in the company, valued at $372,385. The trade was a 15.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
Integer Stock Down 0.7%
ITGR opened at $89.34 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.38 and a current ratio of 3.75. Integer Holdings Corporation has a fifty-two week low of $62.00 and a fifty-two week high of $123.78. The firm’s fifty day moving average is $86.78 and its 200 day moving average is $81.75. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 2.10 and a beta of 0.67.
Integer (NYSE:ITGR – Get Free Report) last released its earnings results on Thursday, April 30th. The medical equipment provider reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.01). Integer had a net margin of 7.64% and a return on equity of 12.83%. The firm had revenue of $439.58 million for the quarter, compared to analysts’ expectations of $426.48 million. During the same quarter last year, the firm posted $1.31 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Integer has set its FY 2026 guidance at 5.830-6.400 EPS. On average, sell-side analysts forecast that Integer Holdings Corporation will post 6.04 earnings per share for the current fiscal year.
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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