Heartland Advisors Inc. Boosts Stock Holdings in Integer Holdings Corporation $ITGR

Heartland Advisors Inc. raised its holdings in shares of Integer Holdings Corporation (NYSE:ITGR) by 506.8% during the fourth quarter, HoldingsChannel reports. The firm owned 242,715 shares of the medical equipment provider’s stock after purchasing an additional 202,715 shares during the period. Integer comprises 1.0% of Heartland Advisors Inc.’s portfolio, making the stock its 17th largest holding. Heartland Advisors Inc.’s holdings in Integer were worth $19,036,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its position in shares of Integer by 50,787.5% in 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 buying an additional 29,442,029 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Integer by 885.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider’s stock worth $136,016,000 after buying an additional 993,810 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Integer by 98.8% in 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 buying an additional 401,121 shares during the last quarter. Bamco Inc. NY grew its position in shares of Integer by 81.4% in the 3rd quarter. Bamco Inc. NY now owns 766,055 shares of the medical equipment provider’s stock worth $79,156,000 after buying an additional 343,797 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Integer in the 3rd quarter worth approximately $28,459,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Integer Stock Performance

Shares of NYSE ITGR opened at $91.37 on Thursday. The company has a current ratio of 3.75, a quick ratio of 2.38 and a debt-to-equity ratio of 0.77. Integer Holdings Corporation has a 12 month low of $62.00 and a 12 month high of $123.78. The company has a 50 day simple moving average of $88.27 and a two-hundred day simple moving average of $83.92. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 2.24 and a beta of 0.66.

Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, April 30th. The medical equipment provider reported $1.20 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 business had revenue of $439.58 million for the quarter, compared to analyst estimates of $426.48 million. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Integer has set its FY 2026 guidance at 5.830-6.400 EPS. As a group, analysts predict that Integer Holdings Corporation will post 6.04 earnings per share for the current year.

Insider Buying and Selling

In other Integer news, VP Tommy P. Thomas sold 825 shares of Integer stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $85.00, for a total transaction of $70,125.00. Following the completion of the sale, the vice president directly owned 4,381 shares in the company, valued at approximately $372,385. The trade was a 15.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ITGR shares. Wells Fargo & Company lifted their price objective on shares of Integer from $72.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $101.00 price objective on shares of Integer in a research report on Monday, February 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 price objective (up from $87.00) on shares of Integer in a research report on Friday, May 1st. Zacks Research downgraded shares of Integer from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Finally, Truist Financial lifted their price objective on shares of Integer from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Integer currently has an average rating of “Hold” and a consensus price target of $98.71.

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.