Integer Holdings Co. (NYSE:ITGR) Shares Purchased by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its position in shares of Integer Holdings Co. (NYSE:ITGR) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 285,677 shares of the medical equipment provider’s stock after purchasing an additional 3,513 shares during the quarter. Integer accounts for about 2.7% of Tributary Capital Management LLC’s investment portfolio, making the stock its biggest holding. Tributary Capital Management LLC owned about 0.85% of Integer worth $33,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Integer by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,843,992 shares of the medical equipment provider’s stock valued at $301,484,000 after buying an additional 15,300 shares during the period. abrdn plc lifted its position in shares of Integer by 0.6% in the fourth quarter. abrdn plc now owns 520,646 shares of the medical equipment provider’s stock worth $51,586,000 after purchasing an additional 3,013 shares in the last quarter. Congress Asset Management Co. MA lifted its position in shares of Integer by 7.5% in the first quarter. Congress Asset Management Co. MA now owns 453,260 shares of the medical equipment provider’s stock worth $52,886,000 after purchasing an additional 31,736 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Integer by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,936 shares of the medical equipment provider’s stock worth $37,941,000 after purchasing an additional 3,504 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Integer by 3,260.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 285,439 shares of the medical equipment provider’s stock worth $28,281,000 after purchasing an additional 276,944 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ITGR. Truist Financial began coverage on shares of Integer in a research report on Wednesday, May 15th. They issued a “buy” rating and a $137.00 price objective on the stock. KeyCorp boosted their price objective on shares of Integer from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of Integer in a research report on Friday, May 10th. CL King started coverage on shares of Integer in a research report on Thursday, March 14th. They issued a “buy” rating and a $137.00 price objective on the stock. Finally, Citigroup upped their price target on shares of Integer from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.00.

Insider Activity at Integer

In related news, SVP Andrew Senn sold 5,000 shares of Integer stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.14, for a total transaction of $565,700.00. Following the sale, the senior vice president now directly owns 4,658 shares of the company’s stock, valued at approximately $527,006.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Andrew Senn sold 5,000 shares of Integer stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.14, for a total transaction of $565,700.00. Following the sale, the senior vice president now directly owns 4,658 shares in the company, valued at approximately $527,006.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James F. Hinrichs sold 9,603 shares of Integer stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $122.44, for a total transaction of $1,175,791.32. Following the sale, the director now owns 7,424 shares in the company, valued at $908,994.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,936 shares of company stock valued at $2,130,937. 2.00% of the stock is owned by insiders.

Integer Stock Performance

Shares of ITGR stock traded down $0.63 on Monday, hitting $115.16. The company’s stock had a trading volume of 183,849 shares, compared to its average volume of 323,198. The company has a market capitalization of $3.86 billion, a PE ratio of 39.85, a PEG ratio of 1.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.01 and a current ratio of 3.32. Integer Holdings Co. has a fifty-two week low of $69.40 and a fifty-two week high of $123.99. The stock’s 50 day moving average is $116.86 and its 200-day moving average is $110.56.

Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $414.80 million for the quarter, compared to the consensus estimate of $412.78 million. Integer had a net margin of 6.01% and a return on equity of 11.25%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. Equities research analysts expect that Integer Holdings Co. will post 5.27 earnings per share for the current fiscal year.

About Integer

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.