Heartland Advisors Inc. Buys Shares of 240,234 Integer Holdings Corporation $ITGR

Heartland Advisors Inc. purchased a new position in shares of Integer Holdings Corporation (NYSE:ITGR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 240,234 shares of the medical equipment provider’s stock, valued at approximately $22,450,000. Integer makes up 1.0% of Heartland Advisors Inc.’s investment portfolio, making the stock its 17th largest position. Heartland Advisors Inc. owned 0.71% of Integer as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 worth $2,539,000 after acquiring an additional 837 shares in the last quarter. Millennium Management LLC increased 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 during the last quarter. Jones Financial Companies Lllp lifted its position 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 worth $850,000 after buying an additional 7,190 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Integer during the 1st quarter worth about $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Integer by 4.7% during the 1st 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 valued at $12,900,000 after acquiring an additional 4,873 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ITGR. Piper Sandler cut Integer from an “overweight” rating to a “hold” rating and set a $127.00 target price for the company. in a research report on Monday, August 3rd. Zacks Research upgraded shares of Integer from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. KeyCorp lowered shares of Integer from an “overweight” rating to a “sector weight” rating in a research report on Monday, August 3rd. Wells Fargo & Company raised their price target on Integer from $84.00 to $127.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Finally, HC Wainwright reissued a “buy” rating on shares of Integer in a research report on Friday, July 24th. One equities 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, the company presently has an average rating of “Hold” and an average target price of $109.86.

Integer Trading Up 0.0%

Shares of ITGR opened at $125.22 on Friday. The stock’s 50-day moving average price is $104.12 and its 200 day moving average price is $93.10. 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 firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 2.97 and a beta of 0.61. Integer Holdings Corporation has a 12-month low of $62.00 and a 12-month high of $126.14.

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, beating analysts’ consensus estimates of $1.38 by $0.22. Integer had a return on equity of 12.79% and a net margin of 6.97%.The business had revenue of $464.11 million for the quarter, compared to analysts’ expectations of $451.07 million. During the same period in the previous year, the business posted $1.55 earnings per share. Integer’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, research analysts predict that Integer Holdings Corporation will post 6.08 earnings per share for the current year.

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.