Integer (NYSE:ITGR) Sets New 52-Week High – What’s Next?

Shares of Integer Holdings Co. (NYSE:ITGR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $144.32 and last traded at $144.74, with a volume of 8137 shares trading hands. The stock had previously closed at $143.13.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ITGR shares. KeyCorp upped their target price on shares of Integer from $144.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Benchmark increased 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. Citigroup upped their price objective on Integer from $130.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Truist Financial raised their target price on Integer from $147.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $160.00 price target on shares of Integer in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.56.

Integer Trading Up 1.8 %

The firm has a market cap of $4.89 billion, a P/E ratio of 45.14, a PEG ratio of 1.80 and a beta of 1.12. 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 business has a 50 day moving average of $137.50 and a two-hundred day moving average of $130.17.

Hedge Funds Weigh In On Integer

Institutional investors have recently added to or reduced their stakes in the stock. Xponance Inc. grew its holdings in Integer by 4.9% during the 2nd quarter. Xponance Inc. now owns 2,112 shares of the medical equipment provider’s stock worth $245,000 after acquiring an additional 99 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Integer by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 180,862 shares of the medical equipment provider’s stock valued at $20,942,000 after acquiring an additional 11,856 shares during the period. Algert Global LLC purchased a new stake in shares of Integer in the second quarter worth approximately $391,000. Creative Planning grew its position in Integer by 17.1% in the 2nd quarter. Creative Planning now owns 7,427 shares of the medical equipment provider’s stock worth $860,000 after purchasing an additional 1,085 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Integer in the 3rd quarter valued at about $651,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

About Integer

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.