Allspring Global Investments Holdings LLC Sells 28,375 Shares of Integer Holdings Co. (NYSE:ITGR)

Allspring Global Investments Holdings LLC reduced its position in shares of Integer Holdings Co. (NYSE:ITGR - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,303 shares of the medical equipment provider's stock after selling 28,375 shares during the period. Allspring Global Investments Holdings LLC owned 0.50% of Integer worth $21,980,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Creative Planning lifted its holdings in Integer by 22.2% in the third quarter. Creative Planning now owns 9,077 shares of the medical equipment provider's stock worth $1,180,000 after buying an additional 1,650 shares during the period. Waypoint Capital Advisors LLC bought a new stake in shares of Integer during the third quarter valued at approximately $246,000. OLD National Bancorp IN grew its stake in Integer by 10.9% in the third quarter. OLD National Bancorp IN now owns 2,375 shares of the medical equipment provider's stock worth $309,000 after purchasing an additional 234 shares during the period. First Trust Direct Indexing L.P. bought a new position in Integer in the third quarter worth $215,000. Finally, Congress Asset Management Co. lifted its position in Integer by 3.9% during the third quarter. Congress Asset Management Co. now owns 488,785 shares of the medical equipment provider's stock valued at $63,542,000 after buying an additional 18,303 shares during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Integer Stock Performance

Shares of Integer stock traded up $2.25 during trading hours on Wednesday, reaching $143.40. 583,871 shares of the stock traded hands, compared to its average volume of 227,838. The company has a 50 day moving average price of $137.92 and a 200 day moving average price of $132.20. Integer Holdings Co. has a one year low of $97.49 and a one year high of $146.36. The company has a quick ratio of 2.09, a current ratio of 3.28 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 44.26, a P/E/G ratio of 1.80 and a beta of 1.13.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ITGR shares. KeyCorp increased their price target on shares of Integer from $144.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Wells Fargo & Company reiterated an "overweight" rating and set a $160.00 target price on shares of Integer in a report on Tuesday, December 3rd. Truist Financial upped their price target on Integer from $147.00 to $163.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Piper Sandler reissued an "overweight" rating and issued a $140.00 target price (up from $125.00) on shares of Integer in a report on Friday, October 25th. Finally, Citigroup increased their target price on Integer from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $146.56.

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.