Integer (NYSE:ITGR) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued on Monday, August 6th.
Other research analysts have also recently issued reports about the stock. Northcoast Research raised shares of Integer to a “buy” rating and set a $83.00 price target on the stock in a report on Friday, July 20th. Zacks Investment Research cut shares of Integer from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. ValuEngine cut shares of Integer from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. KeyCorp reaffirmed an “overweight” rating and set a $78.00 target price (up from $65.00) on shares of Integer in a report on Friday, July 6th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $72.00 target price on shares of Integer in a report on Friday, August 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Integer has an average rating of “Buy” and a consensus price target of $76.80.
NYSE:ITGR traded up $0.90 during mid-day trading on Monday, hitting $79.90. The stock had a trading volume of 213,800 shares, compared to its average volume of 212,880. The company has a market capitalization of $2.49 billion, a P/E ratio of 28.43 and a beta of 0.86. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.95 and a current ratio of 3.80. Integer has a twelve month low of $42.50 and a twelve month high of $80.53.
In other Integer news, VP Timothy G. Mcevoy sold 21,667 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $76.93, for a total value of $1,666,842.31. Following the sale, the vice president now owns 40,156 shares in the company, valued at $3,089,201.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Friedman sold 6,326 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $72.01, for a total transaction of $455,535.26. Following the completion of the sale, the chief financial officer now owns 8,366 shares in the company, valued at approximately $602,435.66. The disclosure for this sale can be found here. Insiders sold 64,072 shares of company stock worth $4,709,676 over the last three months. 3.60% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in Integer in the second quarter valued at approximately $111,000. Federated Investors Inc. PA boosted its position in Integer by 236.3% in the second quarter. Federated Investors Inc. PA now owns 2,411 shares of the medical equipment provider’s stock valued at $156,000 after buying an additional 1,694 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in Integer in the first quarter valued at approximately $140,000. BlueMountain Capital Management LLC acquired a new stake in Integer in the second quarter valued at approximately $194,000. Finally, South State Corp acquired a new position in shares of Integer during the second quarter worth $200,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.
Integer Company Profile
Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates through two segments, Medical and Non-Medical. The company offers arthroscopic devices and components, such as shaver blades and burrs, ablation probes, and suture anchors; laparoscopic and general surgery products, including trocars, endoscopes and laparoscopes, closure devices, harmonic scalpels, bipolar energy delivery devices, radio frequency probes, thermal tumor ablation devices, and ophthalmic surgery devices; and biopsy and drug delivery products.
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