Integer (NYSE:ITGR) Reaches New 52-Week High - Time to Buy?

Integer Holdings Co. (NYSE:ITGR - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $144.32 and last traded at $144.74, with a volume of 8137 shares changing hands. The stock had previously closed at $143.13.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ITGR shares. Benchmark boosted their target price on shares of Integer from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Wells Fargo & Company restated an "overweight" rating and set a $160.00 target price on shares of Integer in a research report on Tuesday, December 3rd. Piper Sandler reiterated an "overweight" rating and issued a $140.00 price target (up from $125.00) on shares of Integer in a research note on Friday, October 25th. Citigroup raised their price objective on Integer from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 11th. Finally, Truist Financial upped their target price on Integer from $147.00 to $163.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.56.

Integer Stock Down 0.6 %

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 $4.78 billion, a price-to-earnings ratio of 44.03, a price-to-earnings-growth ratio of 1.82 and a beta of 1.12. The firm has a 50 day moving average of $137.85 and a two-hundred day moving average of $130.36.

Institutional Trading of Integer

Institutional investors have recently modified their holdings of the business. Loomis Sayles & Co. L P boosted its holdings in Integer by 3.0% in 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 acquiring an additional 15,446 shares during the last quarter. Jane Street Group LLC increased its position in shares of Integer by 23.3% during the third quarter. Jane Street Group LLC now owns 151,397 shares of the medical equipment provider's stock worth $19,682,000 after buying an additional 28,572 shares during the period. Verition Fund Management LLC raised its stake in Integer by 17.4% during the third quarter. Verition Fund Management LLC now owns 3,470 shares of the medical equipment provider's stock worth $451,000 after buying an additional 515 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Integer by 98.4% in the fourth quarter. Versant Capital Management Inc now owns 369 shares of the medical equipment provider's stock valued at $49,000 after buying an additional 183 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in Integer by 3.5% during the third quarter. Lord Abbett & CO. LLC now owns 290,120 shares of the medical equipment provider's stock valued at $37,716,000 after acquiring an additional 9,754 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

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.