Integer Holdings Corporation $ITGR Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Integer Holdings Corporation (NYSE:ITGR) by 45.3% during the third quarter, Holdings Channel.com reports. The fund owned 7,210 shares of the medical equipment provider’s stock after selling 5,978 shares during the quarter. State of Alaska Department of Revenue’s holdings in Integer were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITGR. Dimensional Fund Advisors LP lifted its holdings in Integer by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,484,396 shares of the medical equipment provider’s stock valued at $130,620,000 after acquiring an additional 90,277 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Integer by 1,141.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider’s stock valued at $72,076,000 after purchasing an additional 753,081 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Integer in the 2nd quarter worth approximately $50,925,000. William Blair Investment Management LLC acquired a new position in shares of Integer in the 2nd quarter worth approximately $35,390,000. Finally, Cibc World Market Inc. bought a new stake in shares of Integer in the 2nd quarter worth approximately $30,381,000. 99.29% of the stock is currently owned by institutional investors.

Integer Stock Up 0.0%

Integer stock opened at $126.73 on Thursday. The firm has a market cap of $4.31 billion, a PE ratio of 34.63, a P/E/G ratio of 2.41 and a beta of 0.58. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 3.73. The firm’s 50 day moving average price is $126.06 and its two-hundred day moving average price is $105.41. Integer Holdings Corporation has a twelve month low of $62.00 and a twelve month high of $126.83.

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

Insiders Place Their Bets

In other news, insider Kirk Thor sold 19,773 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $126.25, for a total value of $2,496,341.25. Following the transaction, the insider directly owned 18,920 shares of the company’s stock, valued at approximately $2,388,650. This represents a 51.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew Senn sold 9,408 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $126.30, for a total value of $1,188,230.40. Following the sale, the insider owned 5,405 shares of the company’s stock, valued at approximately $682,651.50. This represents a 63.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,948 shares of company stock worth $5,169,920 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ITGR has been the subject of several recent research reports. Oppenheimer lowered shares of Integer from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Freedom Capital cut shares of Integer from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Integer in a research report on Monday, September 14th. Wells Fargo & Company lifted their price target on shares of Integer from $84.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Truist Financial cut Integer from a “buy” rating to a “hold” rating and upped their price target for the company from $110.00 to $127.00 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. According to data from MarketBeat.com, Integer currently has an average rating of “Hold” and a consensus price target of $109.86.

About Integer

Integer Holdings Corporation (NYSE: ITGR) is a global medical device and advanced energy technology company. It partners with original equipment manufacturers to design and manufacture components, subassemblies and finished products used in minimally invasive and implantable medical devices.

Its medical technologies include batteries and power systems for pacemakers, implantable cardioverter-defibrillators, neurostimulators and drug-delivery systems, as well as catheter and guidewire components, coated wire, electrodes and other products used in cardiovascular, neuromodulation and other medical applications.

Integer also develops specialty batteries and power solutions for markets such as energy, aerospace and defense.