40,260 Shares of Integer Holdings Corporation $ITGR Bought by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new position in shares of Integer Holdings Corporation (NYSE:ITGR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,260 shares of the medical equipment provider’s stock, valued at approximately $5,087,000.

Other institutional investors also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Integer in the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in Integer by 48.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock worth $32,000 after purchasing an additional 117 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Integer by 987.2% during the 3rd quarter. Fortitude Family Office LLC now owns 424 shares of the medical equipment provider’s stock worth $54,000 after purchasing an additional 385 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in Integer during the 2nd quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC boosted its stake in Integer by 64.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 490 shares of the medical equipment provider’s stock valued at $62,000 after purchasing an additional 192 shares during the period. Institutional investors own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ITGR shares. Zacks Research raised Integer from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Freedom Capital downgraded Integer from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Benchmark cut shares of Integer from a “buy” rating to a “hold” rating in a research report on Thursday, August 13th. Truist Financial cut shares of Integer from a “buy” rating to a “hold” rating and boosted their target price for the company from $110.00 to $127.00 in a research report on Monday, August 3rd. Finally, Wells Fargo & Company upped their price target on shares of Integer from $84.00 to $127.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $113.67.

Insiders Place Their Bets

In other Integer news, insider Kirk Thor sold 19,773 shares of Integer stock in a transaction on Monday, September 14th. The stock was sold at an average price of $126.25, for a total value of $2,496,341.25. Following the completion of the transaction, the insider directly owned 18,920 shares of the company’s stock, valued at $2,388,650. The trade was a 51.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Senn sold 9,408 shares of Integer 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 of the company’s stock, valued at $682,651.50. This represents a 63.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 40,948 shares of company stock worth $5,169,920. Corporate insiders own 1.10% of the company’s stock.

Integer Stock Down 0.1%

Shares of ITGR opened at $126.58 on Friday. The company has a current ratio of 3.98, a quick ratio of 2.60 and a debt-to-equity ratio of 0.73. Integer Holdings Corporation has a 12 month low of $66.51 and a 12 month high of $126.83. The firm’s 50 day moving average is $126.47 and its 200-day moving average is $102.68. The stock has a market capitalization of $4.30 billion, a PE ratio of 42.47, a P/E/G ratio of 2.41 and a beta of 0.60.

Integer (NYSE:ITGR) last issued its quarterly earnings results on Thursday, October 29th. The medical equipment provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.34). The company had revenue of $449.66 million during the quarter, compared to the consensus estimate of $456.91 million. Integer had a net margin of 5.68% and a return on equity of 11.84%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 earnings per share. Equities research analysts forecast that Integer Holdings Corporation will post 6.09 EPS for the current year.

Integer Company Profile

Integer Holdings Corporation develops and manufactures medical-device components and provides outsourced manufacturing services for medical technology companies. Its products are used in devices for cardiac rhythm management, neuromodulation, cardiovascular care, and other medical applications. The company’s offerings include batteries, capacitors, leads, catheters, and precision components, as well as engineered assemblies and manufacturing support. Integer serves medical-device original equipment manufacturers around the world.