It is worth mentioning that insiders currently own 1.84% of Integer’s stock.

These recent actions by both Swiss National Bank and Director Jean M. Hobby have attracted attention in the investment community as they may indicate shifts in confidence or strategy regarding Integer Holdings Co.

Integer Holdings Co., a provider of medical equipment solutions that improve patient lives worldwide, offers a wide range of products and services across various healthcare sectors. The company specializes in developing and manufacturing medical technologies for cardiovascular and neuromodulation markets among others.

Please note that all information mentioned above is based on publicly available sources and should not be considered as investing advice or a recommendation to buy or sell securities. It is important for investors to conduct their own research before making any investment decisions.

For more news and updates on Integer Holdings Co., interested individuals can refer to the latest report available through reliable financial sources.

Integer Holdings Co. Sees Changes in Hedge Fund and Institutional Investor Positions, Positive Analyst Ratings Point Towards Promising Future

August 30, 2023 – Integer Holdings Co. (NYSE: ITGR), a leading medical equipment provider, has recently seen changes in the positions of several hedge funds and institutional investors. Texas Permanent School Fund Corp raised its holdings in Integer by 33.4% during the first quarter, acquiring an additional 7,438 shares valued at $2,303,000. Truist Financial Corp also increased its holdings in the company by 25.3%, adding an additional 8,825 shares valued at $3,383,000.

In addition to these increases, Public Employees Retirement Association of Colorado raised its holdings by 1.0%, acquiring an additional 2,536 shares valued at $19,557,000. Silvercrest Asset Management Group LLC saw a significant rise of 40.9% in their holdings during the fourth quarter with an addition of 291,616 shares valued at $68,758,000.

Zions Bancorporation N.A., on the other hand, experienced a more modest increase of 12.8% in their Integer holdings during the fourth quarter. They acquired an additional 1,381 shares valued at $831,000.

These changes reflect the continued interest from institutional investors and hedge funds in Integer Holdings Co., with institutional investors currently owning approximately 99.29% of the company’s stock.

Equities analysts have also been closely monitoring ITGR shares and have issued various reports on the company’s performance. Benchmark analysts have recently increased their price objective on Integer from $90.00 to $105.00 and labeled it as a “buy” rating in their report on July 28th.

Citigroup began coverage on Integer back in May and gave it a “neutral” rating alongside a price objective of $88.00 for the company’s stock.

TheStreet also upgraded its rating on Integer from “c+” to “b” in July, further highlighting the company’s positive performance.

However, StockNews.com initiated coverage on the company this month with a “hold” rating, indicating a more cautious approach to Integer’s stock. Wells Fargo & Company analysts have increased their price objective on ITGR as well, from $87.00 to $94.00, maintaining an “equal weight” rating.

Overall, four research analysts have given Integer Holdings Co. a hold rating and three have provided a buy rating for the company. According to Bloomberg data, the average rating for Integer is currently listed as “Hold,” with an average target price of $93.83.

On Wednesday, shares of NYSE:ITGR opened at $83.45. The company has displayed a 1-year low of $50.05 and a 1-year high of $96.17.

With a debt-to-equity ratio of 0.68 and a current ratio of 3.08, Integer Holdings Co.’s financial stability is evident in its ability to cover short-term obligations with its current assets.

The company has shown consistent growth over time, with its fifty-day moving average price at $86.82 and its two-hundred-day moving average price at $81.57.

As of now, Integer Holdings Co., boasting a market capitalization of $2.78 billion, has demonstrated a robust performance with a PE ratio of 39.36 and a PEG ratio of 1.57.

Integer recently released its quarterly earnings data on July 27th and reported earnings per share (EPS) of $1.14 for the quarter – surpassing the consensus estimate by $0.15.

Furthermore, the medical equipment provider achieved impressive revenue figures for the quarter – reporting $400.04 million in revenue compared to analysts’ expectations of $367.05 million.

Looking ahead to the rest of the fiscal year, equities analysts anticipate that Integer Holdings Co. will post 4.33 EPS.

Overall, these recent developments in the positions of hedge funds and institutional investors, along with positive ratings from equities analysts, signify a promising and potentially lucrative future for Integer Holdings Co.

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