Swiss National Bank Sells 8,400 Shares of Integer Holdings Co. (NYSE:ITGR)

Swiss National Bank lessened its holdings in shares of Integer Holdings Co. (NYSE:ITGR) by 10.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,500 shares of the medical equipment provider’s stock after selling 8,400 shares during the quarter. Swiss National Bank owned approximately 0.21% of Integer worth $5,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Texas Permanent School Fund Corp raised its holdings in shares of Integer by 33.4% during the first quarter. Texas Permanent School Fund Corp now owns 29,712 shares of the medical equipment provider’s stock valued at $2,303,000 after acquiring an additional 7,438 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Integer by 25.3% during the first quarter. Truist Financial Corp now owns 43,646 shares of the medical equipment provider’s stock valued at $3,383,000 after acquiring an additional 8,825 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Integer by 1.0% during the first quarter. Public Employees Retirement Association of Colorado now owns 252,351 shares of the medical equipment provider’s stock valued at $19,557,000 after acquiring an additional 2,536 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Integer by 40.9% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,004,347 shares of the medical equipment provider’s stock valued at $68,758,000 after acquiring an additional 291,616 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in Integer by 12.8% in the fourth quarter. Zions Bancorporation N.A. now owns 12,139 shares of the medical equipment provider’s stock worth $831,000 after purchasing an additional 1,381 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ITGR shares. Benchmark increased their price objective on Integer from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Citigroup started coverage on Integer in a report on Thursday, May 11th. They issued a “neutral” rating and a $88.00 price objective for the company. TheStreet upgraded Integer from a “c+” rating to a “b” rating in a report on Thursday, July 27th. StockNews.com started coverage on Integer in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company increased their price objective on Integer from $87.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $93.83.

Integer Price Performance

Shares of NYSE:ITGR opened at $83.45 on Wednesday. Integer Holdings Co. has a 1-year low of $50.05 and a 1-year high of $96.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.08 and a quick ratio of 1.94. The business has a fifty day moving average price of $86.82 and a 200-day moving average price of $81.57. The company has a market capitalization of $2.78 billion, a PE ratio of 39.36, a PEG ratio of 1.57 and a beta of 1.12.

Integer (NYSE:ITGR) last released its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.99 by $0.15. Integer had a return on equity of 9.67% and a net margin of 4.77%. The company had revenue of $400.04 million for the quarter, compared to analysts’ expectations of $367.05 million. As a group, equities analysts expect that Integer Holdings Co. will post 4.33 EPS for the current fiscal year.

Insider Activity at Integer

In related news, Director Jean M. Hobby sold 3,625 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $83.85, for a total transaction of $303,956.25. Following the sale, the director now directly owns 9,126 shares of the company’s stock, valued at $765,215.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.84% of the stock is currently owned by insiders.

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 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.