Tommy P. Thomas Sells 1,500 Shares of Integer Holdings Co. (NYSE:ITGR) Stock

Integer Holdings Co. (NYSE:ITGR) VP Tommy P. Thomas sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $114.00, for a total value of $171,000.00. Following the completion of the sale, the vice president now directly owns 2,813 shares of the company’s stock, valued at $320,682. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Integer Stock Performance

ITGR stock traded up $0.14 during midday trading on Thursday, hitting $109.92. The stock had a trading volume of 237,040 shares, compared to its average volume of 344,416. The company has a current ratio of 3.32, a quick ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $113.86 and a 200 day simple moving average of $100.67. Integer Holdings Co. has a 52 week low of $69.40 and a 52 week high of $123.99. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 37.98, a P/E/G ratio of 1.65 and a beta of 1.12.

Integer (NYSE:ITGR) last released its quarterly earnings data on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.02. Integer had a return on equity of 11.25% and a net margin of 6.01%. The firm had revenue of $414.80 million during the quarter, compared to analyst estimates of $412.78 million. During the same period in the prior year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Integer Holdings Co. will post 5.27 earnings per share for the current year.

Analyst Ratings Changes

ITGR has been the subject of several research reports. Bank of America raised Integer from a “neutral” rating to a “buy” rating and increased their price objective for the company from $105.00 to $135.00 in a research report on Monday, April 15th. CL King began coverage on Integer in a research report on Thursday, March 14th. They issued a “buy” rating and a $137.00 target price for the company. KeyCorp raised their target price on Integer from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of Integer in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $120.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ITGR. Handelsbanken Fonder AB raised its holdings in Integer by 1.7% during the 4th quarter. Handelsbanken Fonder AB now owns 5,837 shares of the medical equipment provider’s stock worth $578,000 after purchasing an additional 100 shares during the last quarter. Cornercap Investment Counsel Inc. raised its holdings in Integer by 1.0% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 12,014 shares of the medical equipment provider’s stock worth $1,190,000 after purchasing an additional 121 shares during the last quarter. Arizona State Retirement System raised its holdings in Integer by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 9,474 shares of the medical equipment provider’s stock worth $743,000 after purchasing an additional 131 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Integer by 10.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,427 shares of the medical equipment provider’s stock worth $141,000 after purchasing an additional 132 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Integer by 1.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,507 shares of the medical equipment provider’s stock worth $746,000 after purchasing an additional 142 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Integer 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 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.