Geode Capital Management LLC Grows Position in Integer Holdings Co. (NYSE:ITGR)

Geode Capital Management LLC grew its position in shares of Integer Holdings Co. (NYSE:ITGR) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 764,528 shares of the medical equipment provider’s stock after acquiring an additional 9,421 shares during the quarter. Geode Capital Management LLC’s holdings in Integer were worth $99,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in Integer by 3,443.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,890 shares of the medical equipment provider’s stock worth $1,806,000 after purchasing an additional 13,498 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Integer by 31.5% in the 3rd quarter. XTX Topco Ltd now owns 6,764 shares of the medical equipment provider’s stock worth $879,000 after buying an additional 1,620 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Integer by 23.3% in the third quarter. Jane Street Group LLC now owns 151,397 shares of the medical equipment provider’s stock valued at $19,682,000 after acquiring an additional 28,572 shares in the last quarter. Stifel Financial Corp increased its position in shares of Integer by 0.7% during the third quarter. Stifel Financial Corp now owns 31,518 shares of the medical equipment provider’s stock valued at $4,097,000 after acquiring an additional 226 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Integer during the third quarter worth $2,977,000. Institutional investors own 99.29% of the company’s stock.

Integer Stock Down 3.8 %

Integer stock opened at $131.50 on Thursday. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 2.02 and a beta of 1.12. The firm has a 50 day simple moving average of $134.15 and a 200 day simple moving average of $126.05. Integer Holdings Co. has a 1-year low of $94.56 and a 1-year high of $142.76. The company has a current ratio of 3.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67.

Integer (NYSE:ITGR) last announced its quarterly earnings results on Thursday, October 24th. The medical equipment provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. Integer had a return on equity of 11.63% and a net margin of 6.70%. The company had revenue of $431.42 million during the quarter, compared to analysts’ expectations of $440.59 million. During the same period in the previous year, the business earned $1.27 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Integer Holdings Co. will post 5.33 earnings per share for the current year.

Wall Street Analyst Weigh In

ITGR has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on Integer from $139.00 to $144.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Benchmark raised their price objective on shares of Integer from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Integer in a research report on Tuesday, December 3rd. Truist Financial increased their target price on shares of Integer from $147.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Citigroup upped their price objective on Integer from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.44.

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.