Zacks Investment Research lowered shares of Integer Holdings Co. (NASDAQ:ITGR) from a buy rating to a hold rating in a research note released on Tuesday, May 9th.
According to Zacks, “Integer Holdings Corporation is a medical device outsource manufacturer. The company serving the cardiac, neuromodulation, orthopedics, vascular, advanced surgical and power solutions markets. It also develops batteries for high-end niche applications in energy, military, and environmental markets. The company’s brands include Greatbatch Medical, Lake Region Medical and Electrochem. Integer Holdings Corporation, formerly known as Greatbatch Inc., is based in Frisco, United States. “
Several other brokerages also recently commented on ITGR. Craig Hallum downgraded Integer Holdings from a buy rating to a hold rating in a research note on Wednesday, April 19th. Royal Bank Of Canada reaffirmed a hold rating and set a $35.00 price objective on shares of Integer Holdings in a research note on Friday, April 21st.
Integer Holdings (ITGR) opened at 42.35 on Tuesday. Integer Holdings has a one year low of $18.10 and a one year high of $43.10. The stock has a market cap of $1.33 billion, a P/E ratio of 93.08 and a beta of 1.30. The stock’s 50 day moving average price is $39.40 and its 200-day moving average price is $35.58.
Integer Holdings (NASDAQ:ITGR) last issued its quarterly earnings data on Monday, May 8th. The medical equipment provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.17. The company had revenue of $345.40 million during the quarter, compared to analyst estimates of $334.55 million. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that Integer Holdings will post $2.71 earnings per share for the current year.
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In other Integer Holdings news, insider Jennifer M. Bolt sold 3,626 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $41.04, for a total transaction of $148,811.04. Following the completion of the transaction, the insider now owns 14,834 shares in the company, valued at approximately $608,787.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in Integer Holdings during the first quarter worth about $104,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Integer Holdings during the third quarter valued at $121,000. State of Alaska Department of Revenue boosted its position in shares of Integer Holdings by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,040 shares of the medical equipment provider’s stock valued at $122,000 after buying an additional 70 shares during the last quarter. Trent Capital Management Inc. NC bought a new position in shares of Integer Holdings during the fourth quarter valued at $130,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Integer Holdings by 184.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,545 shares of the medical equipment provider’s stock valued at $142,000 after buying an additional 2,298 shares during the last quarter.
Integer Holdings Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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