Geode Capital Management LLC Acquires 9,421 Shares of Integer Holdings Co. (NYSE:ITGR)

Geode Capital Management LLC increased its stake in shares of Integer Holdings Co. (NYSE:ITGR - Free Report) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 764,528 shares of the medical equipment provider's stock after buying an additional 9,421 shares during the quarter. Geode Capital Management LLC owned about 2.28% of Integer worth $99,408,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Earnest Partners LLC lifted its holdings in shares of Integer by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,208,319 shares of the medical equipment provider's stock worth $139,911,000 after acquiring an additional 37,340 shares during the period. Loomis Sayles & Co. L P raised its position in Integer by 3.0% during the third quarter. Loomis Sayles & Co. L P now owns 538,027 shares of the medical equipment provider's stock valued at $69,943,000 after purchasing an additional 15,446 shares in the last quarter. Congress Asset Management Co. lifted its stake 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 worth $63,542,000 after purchasing an additional 18,303 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Integer by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 404,029 shares of the medical equipment provider's stock valued at $52,524,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Integer by 62.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 353,052 shares of the medical equipment provider's stock valued at $40,880,000 after purchasing an additional 135,750 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Integer Stock Up 1.1 %

ITGR traded up $1.39 during trading on Thursday, hitting $132.89. 212,242 shares of the company's stock were exchanged, compared to its average volume of 301,484. Integer Holdings Co. has a fifty-two week low of $94.56 and a fifty-two week high of $142.76. The stock has a market cap of $4.46 billion, a P/E ratio of 41.02, a PEG ratio of 2.02 and a beta of 1.12. The business's 50 day moving average is $134.15 and its two-hundred day moving average is $126.05. The company has a quick ratio of 2.09, a current ratio of 3.28 and a debt-to-equity ratio of 0.67.

Integer (NYSE:ITGR - Get Free Report) last announced its earnings results on Thursday, October 24th. The medical equipment provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. Integer had a return on equity of 11.63% and a net margin of 6.70%. The company had revenue of $431.42 million for the quarter, compared to analysts' expectations of $440.59 million. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Integer's quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that Integer Holdings Co. will post 5.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ITGR. Citigroup raised their price target on shares of Integer from $130.00 to $145.00 and gave the company a "neutral" rating in a research note on Wednesday, December 11th. Piper Sandler reaffirmed an "overweight" rating and set a $140.00 target price (up previously from $125.00) on shares of Integer in a research note on Friday, October 25th. KeyCorp increased their price target on Integer from $139.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Truist Financial boosted their price objective on Integer from $147.00 to $163.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $160.00 target price on shares of Integer in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Integer currently has an average rating of "Moderate Buy" and a consensus target price of $145.44.

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.