Integer Holdings Co. (NYSE:ITGR) Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV boosted its position in Integer Holdings Co. (NYSE:ITGR) by 47.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,465 shares of the medical equipment provider’s stock after purchasing an additional 3,693 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Integer were worth $1,328,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Integer by 60.9% in the 2nd quarter. GAMMA Investing LLC now owns 375 shares of the medical equipment provider’s stock valued at $43,000 after purchasing an additional 142 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Integer in the 4th quarter worth $67,000. Headlands Technologies LLC acquired a new stake in shares of Integer in the 1st quarter worth $106,000. Innealta Capital LLC acquired a new stake in shares of Integer in the 2nd quarter worth $110,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Integer by 10.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,427 shares of the medical equipment provider’s stock worth $141,000 after acquiring an additional 132 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ITGR. Truist Financial began coverage on Integer in a research report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price objective for the company. Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of Integer in a research report on Friday, August 2nd. Oppenheimer began coverage on Integer in a research report on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price objective for the company. Finally, Citigroup raised their price objective on Integer from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Integer currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.86.

Insider Activity

In related news, Director Jean M. Hobby sold 11,960 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total transaction of $1,431,133.60. Following the completion of the sale, the director now owns 2,280 shares in the company, valued at $272,824.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Integer news, EVP John A. Harris sold 1,521 shares of Integer stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $120.44, for a total transaction of $183,189.24. Following the transaction, the executive vice president now owns 4,922 shares of the company’s stock, valued at $592,805.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jean M. Hobby sold 11,960 shares of Integer stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total value of $1,431,133.60. Following the transaction, the director now directly owns 2,280 shares in the company, valued at approximately $272,824.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Integer Stock Performance

Shares of Integer stock opened at $130.07 on Friday. The business has a 50-day moving average of $119.44 and a 200 day moving average of $116.16. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.29 and a quick ratio of 1.96. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 45.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.11. Integer Holdings Co. has a 12 month low of $69.40 and a 12 month high of $131.17.

Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, July 25th. The medical equipment provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.06. The business had revenue of $436.20 million during the quarter, compared to analysts’ expectations of $437.00 million. Integer had a return on equity of 11.48% and a net margin of 6.31%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. As a group, sell-side analysts forecast that Integer Holdings Co. will post 5.31 earnings per share for the current year.

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.