Integer (ITGR) Hits New 52-Week High at $55.45

Shares of Integer Holdings Co. (NYSE:ITGR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.45 and last traded at $55.50, with a volume of 148224 shares. The stock had previously closed at $53.80.

ITGR has been the topic of several recent analyst reports. ValuEngine upgraded shares of Integer from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Integer from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Integer has an average rating of “Hold” and a consensus price target of $51.00.

The stock has a market capitalization of $1,716.25, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.09 and a beta of 0.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.55 and a quick ratio of 1.46.

Integer (NYSE:ITGR) last issued its quarterly earnings results on Thursday, February 22nd. The medical equipment provider reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.17. The firm had revenue of $390.50 million for the quarter, compared to analyst estimates of $358.42 million. Integer had a net margin of 4.56% and a return on equity of 11.13%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. research analysts forecast that Integer Holdings Co. will post 3.3 EPS for the current year.

In related news, EVP Joseph F. Flanagan sold 799 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $35,867.11. Following the transaction, the executive vice president now owns 4,243 shares of the company’s stock, valued at approximately $190,468.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeremy Friedman sold 11,229 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $46.01, for a total transaction of $516,646.29. Following the transaction, the chief operating officer now directly owns 15,681 shares in the company, valued at approximately $721,482.81. The disclosure for this sale can be found here. Insiders sold a total of 25,293 shares of company stock worth $1,147,979 in the last three months. Insiders own 4.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Integer by 2.6% during the 4th quarter. BlackRock Inc. now owns 3,697,585 shares of the medical equipment provider’s stock valued at $167,501,000 after purchasing an additional 92,164 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Integer by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,656,143 shares of the medical equipment provider’s stock worth $135,862,000 after acquiring an additional 21,657 shares during the last quarter. LSV Asset Management grew its holdings in Integer by 0.8% in the 4th quarter. LSV Asset Management now owns 1,689,257 shares of the medical equipment provider’s stock worth $76,523,000 after acquiring an additional 14,200 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Integer by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 693,970 shares of the medical equipment provider’s stock worth $31,437,000 after acquiring an additional 32,720 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Integer by 83.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 367,600 shares of the medical equipment provider’s stock worth $18,803,000 after acquiring an additional 167,600 shares during the last quarter. 95.76% of the stock is currently owned by institutional investors.

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Integer Company Profile

Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.

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