4,903 Shares in Integer Holdings Corporation (NYSE:ITGR) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in shares of Integer Holdings Corporation (NYSE:ITGR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,903 shares of the medical equipment provider’s stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITGR. Capital Research Global Investors grew its stake in Integer by 16.0% during the 4th quarter. Capital Research Global Investors now owns 1,410,803 shares of the medical equipment provider’s stock valued at $186,960,000 after purchasing an additional 194,895 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in Integer by 3.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 558,715 shares of the medical equipment provider’s stock worth $74,041,000 after buying an additional 20,688 shares during the period. Congress Asset Management Co. grew its holdings in shares of Integer by 4.9% in the first quarter. Congress Asset Management Co. now owns 522,656 shares of the medical equipment provider’s stock valued at $61,679,000 after purchasing an additional 24,306 shares in the last quarter. Driehaus Capital Management LLC increased its stake in shares of Integer by 5.5% during the fourth quarter. Driehaus Capital Management LLC now owns 451,464 shares of the medical equipment provider’s stock worth $59,828,000 after buying an additional 23,706 shares during the period. Finally, Northern Trust Corp raised its holdings in Integer by 14.2% during the fourth quarter. Northern Trust Corp now owns 422,380 shares of the medical equipment provider’s stock worth $55,974,000 after purchasing an additional 52,556 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Insider Activity at Integer

In other news, CEO Joseph W. Dziedzic sold 338,975 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $123.17, for a total value of $41,751,550.75. Following the sale, the chief executive officer directly owned 47,000 shares in the company, valued at approximately $5,788,990. This trade represents a 87.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donald J. Spence sold 14,739 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $120.38, for a total transaction of $1,774,280.82. Following the completion of the transaction, the director directly owned 18,781 shares of the company’s stock, valued at approximately $2,260,856.78. The trade was a 43.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 362,434 shares of company stock valued at $44,577,115 over the last ninety days. 2.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on ITGR shares. Wall Street Zen raised shares of Integer from a “sell” rating to a “hold” rating in a report on Monday, May 19th. Raymond James Financial boosted their price objective on Integer from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Benchmark dropped their price objective on shares of Integer from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. KeyCorp lowered their price target on shares of Integer from $154.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Citigroup raised Integer from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $133.00 to $140.00 in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.25.

Integer Stock Down 0.2%

NYSE ITGR opened at $117.15 on Thursday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 55.52, a PEG ratio of 1.01 and a beta of 0.98. Integer Holdings Corporation has a 1-year low of $104.93 and a 1-year high of $146.36. The company has a current ratio of 3.40, a quick ratio of 2.14 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $119.86 and a 200-day moving average of $124.72.

Integer (NYSE:ITGR) last issued its earnings results on Thursday, April 24th. The medical equipment provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. The company had revenue of $437.39 million during the quarter, compared to analysts’ expectations of $428.51 million. Integer had a net margin of 4.38% and a return on equity of 11.95%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS. On average, equities research analysts expect that Integer Holdings Corporation will post 6.01 earnings per share for the current fiscal year.

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.