Integer Holdings Co. (ITGR) Upgraded at TheStreet
Integer Holdings Co. (NASDAQ:ITGR) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Wednesday.
A number of other analysts also recently weighed in on the stock. BidaskClub raised shares of Integer Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $40.00 price target on shares of Integer Holdings in a report on Friday, September 22nd. KeyCorp reissued an “overweight” rating and issued a $62.00 price target (up from $51.00) on shares of Integer Holdings in a report on Monday, September 18th. Finally, Zacks Investment Research downgraded shares of Integer Holdings from a “hold” rating to a “sell” rating in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.00.
Shares of Integer Holdings (NASDAQ ITGR) opened at 54.00 on Wednesday. The stock has a market cap of $1.71 billion, a P/E ratio of 92.78 and a beta of 1.30. The company’s 50-day moving average is $50.15 and its 200 day moving average is $43.86. Integer Holdings has a 1-year low of $18.10 and a 1-year high of $54.65.
Integer Holdings (NASDAQ:ITGR) last issued its quarterly earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.11). The business had revenue of $363.00 million for the quarter, compared to analysts’ expectations of $353.68 million. During the same period in the previous year, the business posted $0.56 earnings per share. Integer Holdings’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Integer Holdings will post $2.75 EPS for the current year.
In other news, insider John A. Harris sold 1,261 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $45.40, for a total value of $57,249.40. Following the completion of the transaction, the insider now owns 2,064 shares in the company, valued at approximately $93,705.60. The sale was disclosed in a filing with the SEC, which is available at this link.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Integer Holdings by 47,202.7% during the 1st quarter. BlackRock Inc. now owns 3,523,578 shares of the medical equipment provider’s stock worth $141,648,000 after purchasing an additional 3,516,129 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Integer Holdings by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,790,328 shares of the medical equipment provider’s stock worth $120,682,000 after purchasing an additional 71,154 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Integer Holdings by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,634,486 shares of the medical equipment provider’s stock worth $113,942,000 after purchasing an additional 236,329 shares in the last quarter. LSV Asset Management increased its position in shares of Integer Holdings by 126.1% during the 2nd quarter. LSV Asset Management now owns 1,411,563 shares of the medical equipment provider’s stock worth $61,050,000 after purchasing an additional 787,354 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Integer Holdings by 8.1% during the 2nd quarter. Northern Trust Corp now owns 807,529 shares of the medical equipment provider’s stock worth $34,925,000 after purchasing an additional 60,374 shares in the last quarter.
Integer Holdings 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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