Insider Selling: Integer (NYSE:ITGR) Insider Sells 9,408 Shares of Stock

Integer Holdings Corporation (NYSE:ITGR) insider Andrew Senn sold 9,408 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $126.30, for a total value of $1,188,230.40. Following the completion of the transaction, the insider directly owned 5,405 shares in the company, valued at $682,651.50. This trade represents a 63.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Integer Trading Up 0.2%

Shares of NYSE:ITGR traded up $0.24 on Thursday, hitting $126.11. 554,873 shares of the company’s stock were exchanged, compared to its average volume of 777,369. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. Integer Holdings Corporation has a 12 month low of $62.00 and a 12 month high of $126.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.73 and a quick ratio of 2.41. The business’s 50 day simple moving average is $112.97 and its two-hundred day simple moving average is $96.79.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.38 by $0.22. Integer had a net margin of 6.97% and a return on equity of 12.79%. The company had revenue of $464.11 million for the quarter, compared to the consensus estimate of $451.07 million. During the same quarter last year, the firm posted $1.55 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. Analysts anticipate that Integer Holdings Corporation will post 6.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Integer

Several institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its stake in Integer by 4.7% in the second quarter. Sequoia Financial Advisors LLC now owns 3,180 shares of the medical equipment provider’s stock worth $297,000 after buying an additional 142 shares in the last quarter. Corient Private Wealth LP lifted its holdings in Integer by 10.7% during the second quarter. Corient Private Wealth LP now owns 48,981 shares of the medical equipment provider’s stock worth $4,577,000 after buying an additional 4,742 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Integer during the 2nd quarter valued at $215,000. California State Teachers Retirement System boosted its position in Integer by 8,977.7% during the 2nd quarter. California State Teachers Retirement System now owns 3,702,956 shares of the medical equipment provider’s stock valued at $346,041,000 after acquiring an additional 3,662,164 shares in the last quarter. Finally, Bluefin Capital Management LLC increased its holdings in shares of Integer by 263.6% in the 2nd quarter. Bluefin Capital Management LLC now owns 30,332 shares of the medical equipment provider’s stock valued at $2,835,000 after acquiring an additional 21,990 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ITGR has been the topic of several research reports. Citigroup raised their price objective on Integer from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Wells Fargo & Company upped their target price on Integer from $84.00 to $127.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. KeyCorp downgraded Integer from an “overweight” rating to a “sector weight” rating in a research report on Monday, August 3rd. Truist Financial lowered Integer from a “buy” rating to a “hold” rating and raised their price target for the company from $110.00 to $127.00 in a research note on Monday, August 3rd. Finally, Oppenheimer downgraded Integer from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Integer presently has a consensus rating of “Hold” and a consensus price target of $109.86.

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.