Integer Holdings Co. (NYSE:ITGR) Position Reduced by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its position in shares of Integer Holdings Co. (NYSE:ITGR) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,682 shares of the medical equipment provider’s stock after selling 327 shares during the period. Maryland State Retirement & Pension System’s holdings in Integer were worth $1,353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new stake in Integer during the second quarter worth approximately $1,127,000. Heritage Family Offices LLP acquired a new position in Integer in the second quarter worth approximately $328,000. Azzad Asset Management Inc. ADV grew its position in Integer by 47.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 11,465 shares of the medical equipment provider’s stock worth $1,328,000 after buying an additional 3,693 shares during the last quarter. Innealta Capital LLC acquired a new position in Integer in the second quarter worth approximately $110,000. Finally, F M Investments LLC acquired a new position in Integer in the second quarter worth approximately $11,143,000. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup lifted their price target on shares of Integer from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of Integer in a research report on Friday, August 2nd. Truist Financial began coverage on shares of Integer in a research report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price objective on the stock. Finally, Oppenheimer began coverage on shares of Integer in a research report on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.86.

Integer Stock Up 1.3 %

Shares of Integer stock traded up $1.62 on Friday, hitting $130.07. 257,961 shares of the company traded hands, compared to its average volume of 320,412. The company has a 50-day moving average price of $119.44 and a 200 day moving average price of $116.16. The company has a quick ratio of 1.96, a current ratio of 3.29 and a debt-to-equity ratio of 0.73. Integer Holdings Co. has a 12-month low of $69.40 and a 12-month high of $131.17. The company has a market cap of $4.36 billion, a PE ratio of 45.01, a PEG ratio of 1.70 and a beta of 1.11.

Integer (NYSE:ITGR) last released 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. Integer had a net margin of 6.31% and a return on equity of 11.48%. The business had revenue of $436.20 million during the quarter, compared to analyst estimates of $437.00 million. During the same quarter in the previous year, the business earned $1.14 EPS. Integer’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that Integer Holdings Co. will post 5.31 earnings per share for the current year.

Insider Activity at Integer

In related news, Director Jean M. Hobby sold 11,960 shares of Integer stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.66, for a total value of $1,431,133.60. Following the completion of the sale, the director now owns 2,280 shares of the company’s stock, valued at approximately $272,824.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Integer news, Director Jean M. Hobby sold 11,960 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.66, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John A. Harris sold 1,521 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $120.44, for a total transaction of $183,189.24. Following the transaction, the executive vice president now directly owns 4,922 shares of the company’s stock, valued at approximately $592,805.68. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

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.