Norden Group LLC Acquires 109 Shares of Integer Holdings Co. (NYSE:ITGR)

Norden Group LLC lifted its stake in Integer Holdings Co. (NYSE:ITGR) by 7.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,668 shares of the medical equipment provider’s stock after buying an additional 109 shares during the period. Norden Group LLC’s holdings in Integer were worth $221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of Integer by 4.4% during the fourth quarter. Blue Trust Inc. now owns 1,689 shares of the medical equipment provider’s stock worth $220,000 after purchasing an additional 71 shares during the period. HighTower Advisors LLC grew its stake in shares of Integer by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 12,041 shares of the medical equipment provider’s stock worth $1,579,000 after buying an additional 90 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Integer by 0.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 15,722 shares of the medical equipment provider’s stock valued at $2,083,000 after acquiring an additional 140 shares in the last quarter. Mather Group LLC. increased its stake in Integer by 304.3% during the 4th quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Integer by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,800 shares of the medical equipment provider’s stock valued at $769,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Integer Price Performance

Shares of Integer stock opened at $118.54 on Wednesday. The stock has a 50 day moving average price of $136.25 and a 200-day moving average price of $133.02. Integer Holdings Co. has a one year low of $107.11 and a one year high of $146.36. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.09 and a current ratio of 2.95.

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

Analyst Ratings Changes

ITGR has been the subject of a number of recent analyst reports. Oppenheimer lowered Integer from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Benchmark raised their target price on Integer from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. 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. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Integer in a research note on Tuesday, December 3rd. Finally, Citigroup raised their target price on shares of Integer from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.67.

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.