Insider Selling: Integer (NYSE:ITGR) Insider Sells $1,485,348.41 in Stock

Integer Holdings Corporation (NYSE:ITGR) insider Kirk Thor sold 11,767 shares of Integer stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $126.23, for a total value of $1,485,348.41. Following the completion of the transaction, the insider owned 7,153 shares in the company, valued at approximately $902,923.19. This represents a 62.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Integer Price Performance

Shares of ITGR stock traded up $0.01 on Wednesday, reaching $126.22. The company had a trading volume of 1,124,095 shares, compared to its average volume of 707,592. The business’s 50-day moving average is $116.25 and its 200 day moving average is $98.19. Integer Holdings Corporation has a one year low of $62.00 and a one year high of $126.79. The company has a quick ratio of 2.41, a current ratio of 3.73 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $4.29 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62.

Integer (NYSE:ITGR) last announced its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.22. The company had revenue of $464.11 million for the quarter, compared to analyst estimates of $451.07 million. Integer had a net margin of 6.97% and a return on equity of 12.79%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 EPS. Equities research analysts forecast that Integer Holdings Corporation will post 6.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Integer

A number of hedge funds have recently modified their holdings of ITGR. Dimensional Fund Advisors LP grew its stake in shares of Integer by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,484,396 shares of the medical equipment provider’s stock worth $130,620,000 after purchasing an additional 90,277 shares during the last quarter. Irenic Capital Management LP bought a new position in Integer during the 4th quarter worth $99,109,000. Geode Capital Management LLC raised its position in Integer by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 832,911 shares of the medical equipment provider’s stock worth $65,336,000 after purchasing an additional 3,664 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Integer by 1,141.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider’s stock worth $72,076,000 after buying an additional 753,081 shares during the period. Finally, Cooke & Bieler LP lifted its holdings in Integer by 59.5% during the 4th quarter. Cooke & Bieler LP now owns 613,134 shares of the medical equipment provider’s stock worth $48,088,000 after buying an additional 228,645 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ITGR. Freedom Capital downgraded shares of Integer from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Piper Sandler downgraded Integer from an “overweight” rating to a “hold” rating and set a $127.00 price objective on the stock. in a report on Monday, August 3rd. Citigroup boosted their price objective on Integer from $92.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. KeyCorp cut Integer from an “overweight” rating to a “sector weight” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their price target on Integer from $84.00 to $127.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $109.86.

Integer Company Profile

Integer Holdings Corporation, doing business as Integer, is a medical device contract development and manufacturing company. The company partners with medical technology companies to design, develop and manufacture components and finished products used in a range of healthcare applications.

Integer’s medical products include batteries and power sources, implantable components, electrodes, leads, catheters and other products used in cardiovascular, neuromodulation, vascular, orthopedic, diabetes and minimally invasive medical devices.