Corient Private Wealth LP Takes $4.54 Million Position in Integer Holdings Corporation $ITGR

Corient Private Wealth LP bought a new stake in Integer Holdings Corporation (NYSE:ITGR) in the second quarter, HoldingsChannel reports. The fund bought 48,606 shares of the medical equipment provider’s stock, valued at approximately $4,542,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Integer by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,515 shares of the medical equipment provider’s stock worth $2,539,000 after buying an additional 837 shares during the period. Millennium Management LLC boosted its holdings in shares of Integer by 2,408.8% in the first quarter. Millennium Management LLC now owns 123,132 shares of the medical equipment provider’s stock valued at $14,531,000 after acquiring an additional 118,224 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Integer by 79,888.9% in the first quarter. Jones Financial Companies Lllp now owns 7,199 shares of the medical equipment provider’s stock valued at $850,000 after acquiring an additional 7,190 shares during the period. United Services Automobile Association purchased a new position in shares of Integer during the first quarter worth approximately $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 acquiring an additional 4,873 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Integer Stock Down 0.0%

Integer stock opened at $125.32 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.73 and a quick ratio of 2.41. Integer Holdings Corporation has a 1-year low of $62.00 and a 1-year high of $126.14. The company has a market cap of $4.26 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 2.96 and a beta of 0.61. The stock’s 50 day moving average price is $108.28 and its 200 day moving average price is $94.82.

Integer (NYSE:ITGR) last released its quarterly earnings data on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.22. Integer had a return on equity of 12.79% and a net margin of 6.97%.The firm had revenue of $464.11 million during the quarter, compared to analysts’ expectations of $451.07 million. During the same quarter in the prior year, the business posted $1.55 earnings per share. Integer’s revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts predict that Integer Holdings Corporation will post 6.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ITGR has been the subject of several research reports. HC Wainwright reiterated a “buy” rating on shares of Integer in a research report on Friday, July 24th. Raymond James Financial cut shares of Integer from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 3rd. Freedom Capital downgraded shares of Integer from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Wells Fargo & Company lifted their price objective 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. Finally, Truist Financial cut shares of Integer from a “buy” rating to a “hold” rating and upped their target price for the company from $110.00 to $127.00 in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, Integer currently has a consensus rating of “Hold” and a consensus price target 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.