Jupiter Topco LLC Acquires Shares of 76,688 Integer Holdings Corporation $ITGR

Jupiter Topco LLC bought a new position in Integer Holdings Corporation (NYSE:ITGR) during the second quarter, Holdings Channel.com reports. The institutional investor bought 76,688 shares of the medical equipment provider’s stock, valued at approximately $7,168,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Integer by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,515 shares of the medical equipment provider’s stock valued at $2,539,000 after purchasing an additional 837 shares in the last quarter. Millennium Management LLC lifted its position in Integer by 2,408.8% during the first quarter. Millennium Management LLC now owns 123,132 shares of the medical equipment provider’s stock worth $14,531,000 after buying an additional 118,224 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Integer by 79,888.9% during the first quarter. Jones Financial Companies Lllp now owns 7,199 shares of the medical equipment provider’s stock worth $850,000 after buying an additional 7,190 shares in the last quarter. United Services Automobile Association acquired a new position in Integer during the first quarter worth $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Integer by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,316 shares of the medical equipment provider’s stock worth $12,900,000 after buying an additional 4,873 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Integer Price Performance

ITGR stock opened at $125.30 on Monday. Integer Holdings Corporation has a 52-week low of $62.00 and a 52-week high of $126.14. 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 cap of $4.26 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.96 and a beta of 0.61. The business has a fifty day moving average of $107.58 and a two-hundred day moving average of $94.54.

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

Analyst Upgrades and Downgrades

ITGR has been the subject of a number of recent research reports. Zacks Research raised Integer from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Oppenheimer lowered shares of Integer from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. HC Wainwright restated a “buy” rating on shares of Integer in a research report on Friday, July 24th. Raymond James Financial downgraded shares of Integer from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Piper Sandler lowered shares of Integer from an “overweight” rating to a “hold” rating and set a $127.00 target price on the stock. in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.86.

Integer Profile

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.