In yesterday’s Wall Street session, Integer Holdings Corporation (NYSE:ITGR) shares traded at $76.14, up 2.52% from the previous session.
4 analysts cover Integer Holdings Corporation (NYSE:ITGR), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $90.00 and a low of $85.00, we find $86.00. Given the previous closing price of $74.27, this indicates a potential upside of 15.79 percent. ITGR stock price is now 5.82% away from the 50-day moving average and 10.64% away from the 200-day moving average. The market capitalization of the company currently stands at $2.50B.
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The stock has received a hold rating from 0 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $87.00 as their price target over the next twelve months.
With the price target of $85, Piper Sandler recently initiated with Overweight rating for Integer Holdings Corporation (NYSE: ITGR). On June 09, 2021, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $100, while ‘The Benchmark Company’ rates the stock as ‘Buy’.
In other news, Dziedzic Joseph W, President & CEO bought 4,000 shares of the company’s stock on Dec 16. The stock was bought for $247,790 at an average price of $61.95. Upon completion of the transaction, the President & CEO now directly owns 122,378 shares in the company, valued at $9.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, Director BAILEY PAMELA G sold 7,018 shares of the business’s stock. A total of $519,746 was realized by selling the stock at an average price of $74.06. This leaves the insider owning 49,544 shares of the company worth $3.77 million. Insiders disposed of 29,023 shares of company stock worth roughly $2.21 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ITGR stock. A new stake in Integer Holdings Corporation shares was purchased by EARNEST PARTNERS LLC during the first quarter worth $91,437,000. AMALGAMATED FINANCIAL CORP. invested $1,136,000 in shares of ITGR during the first quarter. In the first quarter, TUDOR INVESTMENT CORP ET AL acquired a new stake in Integer Holdings Corporation valued at approximately $1,051,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in ITGR for approximately $1,043,000. TREDJE AP-FONDEN purchased a new stake in ITGR valued at around $944,000 in the second quarter.
On Wednesday morning Integer Holdings Corporation (NYSE: ITGR) stock kicked off with the opening price of $74.15. During the past 12 months, Integer Holdings Corporation has had a low of $50.05 and a high of $88.58. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 2.50, and a quick ratio of 1.60. The fifty day moving average price for ITGR is $72.12 and a two-hundred day moving average price translates $68.83 for the stock.
The latest earnings results from Integer Holdings Corporation (NYSE: ITGR) was released for Sep, 2022. The net profit margin was 4.80% and return on equity was 4.80% for ITGR. The company reported revenue of $372.42 million for the quarter, compared to $313.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.98 percent. For the current quarter, analysts expect ITGR to generate $371M in revenue.
Integer Holdings Corporation(ITGR) Company Profile
Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through Medical and Non-Medical segments. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, urology, and gastroenterology procedures. It also provides cardiac rhythm management products, including implantable pacemakers, implantable cardioverter defibrillators, insertable cardiac monitors, implantable cardiac pacing and defibrillation leads, and heart failure therapies; neuromodulation products, such as implantable spinal cord stimulators; and non-rechargeable batteries, feedthroughs, device enclosures, machined components, and lead components and sub-assemblies. In addition, the company offers rechargeable batteries and chargers; and arthroscopic, laparoscopic, and general surgery devices and components, such as harmonic scalpels, shaver blades, burr shavers, radio frequency probes, biopsy probes, trocars, electrocautery components, wound dressings, GERD treatment components, and phacoemulsification needles. Further, it provides orthopedic products that include instruments used in hip, knee, and spine surgeries, as well as reamers and chisels. Additionally, the company offers customized battery power and power management systems, and battery solutions for the energy, military, and environmental markets. Furthermore, the company provides medical technologies. It serves multi-national original equipment manufacturers and their affiliated subsidiaries in the cardiac, neuromodulation, orthopedics, vascular, and advanced surgical and portable medical markets. Integer Holdings Corporation was founded in 1970 and is headquartered in Plano, Texas.
