Louisiana State Employees Retirement System Buys Shares of 15,500 Integer Holdings Corporation $ITGR

Louisiana State Employees Retirement System purchased a new position in shares of Integer Holdings Corporation (NYSE:ITGR) in the 1st quarter, HoldingsChannel reports. The firm purchased 15,500 shares of the medical equipment provider’s stock, valued at approximately $1,364,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ITGR. Salomon & Ludwin LLC boosted its stake in shares of Integer by 46.8% in the 4th quarter. Salomon & Ludwin LLC now owns 370 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 118 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Integer by 1,037.5% during the fourth quarter. TD Private Client Wealth LLC now owns 455 shares of the medical equipment provider’s stock worth $36,000 after buying an additional 415 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Integer by 135.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 464 shares of the medical equipment provider’s stock valued at $36,000 after buying an additional 267 shares during the period. Arax Advisory Partners lifted its holdings in Integer by 2,489.5% in the fourth quarter. Arax Advisory Partners now owns 492 shares of the medical equipment provider’s stock valued at $39,000 after buying an additional 473 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Integer by 193.2% during the fourth quarter. Farther Finance Advisors LLC now owns 519 shares of the medical equipment provider’s stock valued at $41,000 after acquiring an additional 342 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Integer Stock Performance

Shares of Integer stock opened at $95.18 on Friday. The company has a market cap of $3.23 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.25 and a beta of 0.64. Integer Holdings Corporation has a 52 week low of $62.00 and a 52 week high of $122.99. The business has a 50 day moving average price of $89.72 and a 200-day moving average price of $86.25. The company has a quick ratio of 2.38, a current ratio of 3.75 and a debt-to-equity ratio of 0.77.

Integer (NYSE:ITGR) last announced its earnings results on Thursday, April 30th. The medical equipment provider reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.01). Integer had a net margin of 7.64% and a return on equity of 12.83%. The company had revenue of $439.58 million for the quarter, compared to analysts’ expectations of $426.48 million. During the same period in the previous year, the firm earned $1.31 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. Integer has set its FY 2026 guidance at 5.830-6.400 EPS. Equities analysts anticipate that Integer Holdings Corporation will post 6.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup increased their price target on Integer from $89.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Integer in a research report on Thursday, June 18th. Zacks Research lowered Integer from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $97.00 target price (up from $87.00) on shares of Integer in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $98.71.

Integer Company Profile

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.