Integer Holdings Co. (NYSE:ITGR) Short Interest Update

Integer Holdings Co. (NYSE:ITGR) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 2,600,000 shares, a growth of 6.6% from the June 30th total of 2,440,000 shares. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 335,300 shares, the short-interest ratio is currently 7.8 days.

Insider Transactions at Integer

In other Integer news, Director Jean M. Hobby sold 11,960 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total value of $1,431,133.60. Following the completion of the transaction, the director now owns 2,280 shares of the company’s stock, valued at approximately $272,824.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Jean M. Hobby sold 11,960 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total transaction of $1,431,133.60. Following the sale, the director now owns 2,280 shares in the company, valued at approximately $272,824.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John A. Harris 3,400 shares of the business’s stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. In the last quarter, insiders sold 28,396 shares of company stock valued at $3,391,070. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integer

Large investors have recently added to or reduced their stakes in the company. North Growth Management Ltd. purchased a new stake in Integer during the fourth quarter valued at about $9,155,000. GSA Capital Partners LLP purchased a new position in shares of Integer in the first quarter worth about $786,000. Public Employees Retirement Association of Colorado increased its holdings in shares of Integer by 3,260.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 285,439 shares of the medical equipment provider’s stock worth $28,281,000 after buying an additional 276,944 shares during the period. Norges Bank purchased a new position in shares of Integer in the fourth quarter worth about $18,697,000. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Integer in the first quarter worth about $976,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Integer Stock Performance

Shares of Integer stock traded down $2.67 during trading hours on Thursday, reaching $116.09. The company had a trading volume of 364,937 shares, compared to its average volume of 332,962. Integer has a one year low of $69.40 and a one year high of $130.15. The business has a fifty day simple moving average of $118.96 and a 200 day simple moving average of $113.66. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.29 and a quick ratio of 1.96. The firm has a market cap of $3.89 billion, a PE ratio of 40.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, July 25th. The medical equipment provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.06. The company had revenue of $436.20 million during the quarter, compared to analyst estimates of $437.00 million. Integer had a return on equity of 11.48% and a net margin of 6.31%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. On average, analysts anticipate that Integer will post 5.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on ITGR shares. KeyCorp increased their price target on Integer from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Oppenheimer started coverage on Integer in a research report on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price target for the company. Truist Financial started coverage on Integer in a report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price objective for the company. Bank of America raised Integer from a “neutral” rating to a “buy” rating and increased their price objective for the company from $105.00 to $135.00 in a report on Monday, April 15th. Finally, Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of Integer in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $133.86.

Integer Company 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.