Janney Montgomery Scott LLC Boosts Stake in Integer Holdings Co. (NYSE:ITGR)

Janney Montgomery Scott LLC raised its holdings in shares of Integer Holdings Co. (NYSE:ITGR) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,668 shares of the medical equipment provider’s stock after buying an additional 246 shares during the period. Janney Montgomery Scott LLC’s holdings in Integer were worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC grew its position in Integer by 43.5% in the 1st quarter. SG Americas Securities LLC now owns 8,394 shares of the medical equipment provider’s stock valued at $979,000 after acquiring an additional 2,544 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Integer during the first quarter valued at $106,000. ProShare Advisors LLC grew its holdings in shares of Integer by 7.4% in the first quarter. ProShare Advisors LLC now owns 6,698 shares of the medical equipment provider’s stock worth $782,000 after purchasing an additional 461 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Integer by 12.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,705 shares of the medical equipment provider’s stock worth $1,249,000 after buying an additional 1,220 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Integer by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,826,088 shares of the medical equipment provider’s stock valued at $446,428,000 after buying an additional 23,382 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Integer Trading Down 1.9 %

Shares of NYSE:ITGR opened at $134.91 on Friday. The company has a current ratio of 3.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.52 billion, a PE ratio of 42.15, a P/E/G ratio of 1.97 and a beta of 1.09. Integer Holdings Co. has a 12-month low of $84.75 and a 12-month high of $140.91. The business’s fifty day simple moving average is $129.02 and its 200-day simple moving average is $122.37.

Integer (NYSE:ITGR) last posted its earnings results on Thursday, October 24th. The medical equipment provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. The company had revenue of $431.42 million for the quarter, compared to analyst estimates of $440.59 million. Integer had a return on equity of 11.63% and a net margin of 6.70%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. As a group, equities research analysts predict that Integer Holdings Co. will post 5.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ITGR shares. Truist Financial reduced their target price on shares of Integer from $150.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. KeyCorp raised their price objective on Integer from $139.00 to $144.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Piper Sandler reiterated an “overweight” rating and issued a $140.00 target price (up from $125.00) on shares of Integer in a report on Friday, October 25th. Benchmark raised their price target on Integer from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Bank of America upped their price objective on shares of Integer from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Integer currently has an average rating of “Moderate Buy” and an average target price of $139.75.

Integer Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.