Avidity Partners Management LP Acquires New Shares in Integer Holdings Corporation $ITGR

Avidity Partners Management LP acquired a new stake in Integer Holdings Corporation (NYSE:ITGR) in the fourth quarter, Holdings Channel.com reports. The firm acquired 29,800 shares of the medical equipment provider’s stock, valued at approximately $2,337,000.

A number of other hedge funds have also bought and sold shares of the business. Tudor Investment Corp ET AL grew its stake in 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 valued at $28,606,000 after buying an additional 29,442,029 shares in the last quarter. Vanguard Group Inc. grew its stake in Integer by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,886,150 shares of the medical equipment provider’s stock valued at $304,791,000 after buying an additional 14,465 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Integer by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,410,480 shares of the medical equipment provider’s stock valued at $145,738,000 after buying an additional 65,865 shares in the last quarter. State Street Corp grew its stake in Integer by 3.7% in the 4th quarter. State Street Corp now owns 1,371,767 shares of the medical equipment provider’s stock valued at $107,588,000 after buying an additional 48,463 shares in the last quarter. Finally, Viking Global Investors LP grew its stake in Integer by 9.1% in the 2nd quarter. Viking Global Investors LP now owns 1,283,965 shares of the medical equipment provider’s stock valued at $157,889,000 after buying an additional 106,692 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Integer Stock Down 1.2%

ITGR opened at $90.97 on Friday. The company has a fifty day moving average price of $88.44 and a 200-day moving average price of $84.13. The firm has a market capitalization of $3.09 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.75 and a quick ratio of 2.38. Integer Holdings Corporation has a one year low of $62.00 and a one year high of $123.78.

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

Integer 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.