VIRGINIA RETIREMENT SYSTEMS ET Al Invests $663,000 in Integer Holdings Corporation $ITGR

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Integer Holdings Corporation (NYSE:ITGR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 8,450 shares of the medical equipment provider’s stock, valued at approximately $663,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITGR. Tudor Investment Corp ET AL raised its stake in shares of Integer by 50,787.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 29,500,000 shares of the medical equipment provider’s stock worth $28,606,000 after purchasing an additional 29,442,029 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Integer by 885.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider’s stock worth $136,016,000 after purchasing an additional 993,810 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Integer during the 3rd quarter worth about $41,938,000. Bamco Inc. NY raised its stake in shares of Integer by 81.4% during the 3rd quarter. Bamco Inc. NY now owns 766,055 shares of the medical equipment provider’s stock worth $79,156,000 after purchasing an additional 343,797 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Integer during the 3rd quarter worth about $28,459,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Integer Stock Performance

Shares of NYSE ITGR opened at $88.15 on Monday. The company has a quick ratio of 2.38, a current ratio of 3.75 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $86.23 and its two-hundred day moving average is $80.99. The company has a market cap of $2.99 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.08 and a beta of 0.67. Integer Holdings Corporation has a 12 month low of $62.00 and a 12 month high of $123.78.

Integer (NYSE:ITGR) last released its quarterly earnings data on Thursday, April 30th. The medical equipment provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.01). The firm had revenue of $439.58 million for the quarter, compared to the consensus estimate of $426.48 million. Integer had a net margin of 7.64% and a return on equity of 12.83%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 earnings per share. Integer has set its FY 2026 guidance at 5.830-6.400 EPS. On average, equities analysts expect that Integer Holdings Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 price target (up from $87.00) on shares of Integer in a research note on Friday, May 1st. Wall Street Zen lowered Integer from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Raymond James Financial restated an “outperform” rating and issued a $101.00 target price on shares of Integer in a report on Monday, February 23rd. Zacks Research lowered Integer from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Finally, Truist Financial boosted their target price on Integer from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.29.

Insider Activity

In other news, VP Tommy P. Thomas sold 825 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $85.00, for a total transaction of $70,125.00. Following the sale, the vice president directly owned 4,381 shares in the company, valued at approximately $372,385. The trade was a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.