Vise Technologies Inc. Makes New $667,000 Investment in Integer Holdings Corporation $ITGR

Vise Technologies Inc. bought a new position in shares of Integer Holdings Corporation (NYSE:ITGR) in the 2nd quarter, Holdings Channel reports. The fund bought 5,421 shares of the medical equipment provider’s stock, valued at approximately $667,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in shares of Integer during the first quarter valued at approximately $579,000. Xponance Inc. lifted its position in shares of Integer by 5.1% during the first quarter. Xponance Inc. now owns 2,518 shares of the medical equipment provider’s stock valued at $297,000 after purchasing an additional 122 shares in the last quarter. Cooke & Bieler LP boosted its stake in shares of Integer by 6.3% in the 1st quarter. Cooke & Bieler LP now owns 317,393 shares of the medical equipment provider’s stock worth $37,456,000 after buying an additional 18,790 shares during the last quarter. Guidance Capital Inc. boosted its position in Integer by 5.8% in the first quarter. Guidance Capital Inc. now owns 3,819 shares of the medical equipment provider’s stock worth $480,000 after purchasing an additional 208 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in Integer during the first quarter valued at about $1,527,000. 99.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ITGR. Argus downgraded Integer from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. Citigroup dropped their price objective on Integer from $77.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Wall Street Zen cut shares of Integer from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Piper Sandler reduced their price objective on Integer from $155.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Truist Financial decreased their target price on shares of Integer from $121.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.75.

Insider Transactions at Integer

In related news, EVP Diron Smith purchased 1,116 shares of Integer stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $67.19 per share, for a total transaction of $74,984.04. Following the completion of the transaction, the executive vice president directly owned 7,698 shares in the company, valued at $517,228.62. This represents a 16.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Payman Khales acquired 3,127 shares of Integer stock in a transaction dated Thursday, October 30th. The stock was purchased at an average cost of $64.94 per share, with a total value of $203,067.38. Following the completion of the purchase, the chief executive officer owned 22,865 shares of the company’s stock, valued at approximately $1,484,853.10. This represents a 15.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 5,843 shares of company stock worth $384,771. 2.16% of the stock is currently owned by insiders.

Integer Stock Performance

Integer stock opened at $67.95 on Friday. Integer Holdings Corporation has a twelve month low of $62.00 and a twelve month high of $146.36. The company has a quick ratio of 2.45, a current ratio of 3.71 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average is $92.45 and its 200 day moving average is $107.61. The company has a market capitalization of $2.38 billion, a P/E ratio of 28.43, a PEG ratio of 0.60 and a beta of 0.95.

Integer (NYSE:ITGR) last issued its earnings results on Thursday, October 23rd. The medical equipment provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.11. Integer had a net margin of 4.75% and a return on equity of 12.84%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. Integer has set its FY 2025 guidance at 6.290-6.430 EPS. On average, equities research analysts predict that Integer Holdings Corporation will post 6.01 earnings per share for the current fiscal year.

Integer announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 4th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the medical equipment provider to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Integer Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.