F M Investments LLC Lowers Stock Holdings in Integer Holdings Co. (NYSE:ITGR)

F M Investments LLC cut its stake in Integer Holdings Co. (NYSE:ITGR) by 54.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,283 shares of the medical equipment provider’s stock after selling 52,881 shares during the period. F M Investments LLC’s holdings in Integer were worth $5,868,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Integer by 4.4% in the 4th quarter. Blue Trust Inc. now owns 1,689 shares of the medical equipment provider’s stock valued at $220,000 after acquiring an additional 71 shares in the last quarter. Arizona State Retirement System raised its position in shares of Integer by 0.9% in the 4th quarter. Arizona State Retirement System now owns 9,732 shares of the medical equipment provider’s stock valued at $1,290,000 after acquiring an additional 84 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Integer by 0.8% in the third quarter. HighTower Advisors LLC now owns 12,041 shares of the medical equipment provider’s stock valued at $1,579,000 after buying an additional 90 shares during the period. HighPoint Advisor Group LLC increased its stake in Integer by 6.4% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,684 shares of the medical equipment provider’s stock valued at $234,000 after buying an additional 101 shares during the last quarter. Finally, Norden Group LLC increased its stake in shares of Integer by 7.0% during the 4th quarter. Norden Group LLC now owns 1,668 shares of the medical equipment provider’s stock worth $221,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ITGR shares. Truist Financial lifted their price target on shares of Integer from $147.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Raymond James assumed coverage on Integer in a research note on Friday, March 28th. They issued an “outperform” rating and a $145.00 price target for the company. KeyCorp raised their price objective on shares of Integer from $144.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Benchmark raised their target price on shares of Integer from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Citigroup upped their target price on Integer from $130.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

Integer Stock Up 9.1 %

Shares of NYSE ITGR opened at $116.48 on Thursday. Integer Holdings Co. has a 52-week low of $104.93 and a 52-week high of $146.36. The firm has a fifty day moving average of $124.83 and a 200-day moving average of $131.10. The company has a quick ratio of 2.09, a current ratio of 2.95 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $3.92 billion, a PE ratio of 34.67, a P/E/G ratio of 1.72 and a beta of 1.09.

Integer (NYSE:ITGR) last released its quarterly earnings data on Thursday, February 20th. The medical equipment provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The company had revenue of $449.50 million for the quarter, compared to analyst estimates of $446.28 million. Integer had a net margin of 6.92% and a return on equity of 11.65%. On average, analysts anticipate that Integer Holdings Co. will post 6.01 EPS for the current year.

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.