QRG Capital Management Inc. Sells 33,073 Shares of Integer Holdings Corporation $ITGR

QRG Capital Management Inc. decreased its position in shares of Integer Holdings Corporation (NYSE:ITGR) by 83.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,792 shares of the medical equipment provider’s stock after selling 33,073 shares during the quarter. QRG Capital Management Inc.’s holdings in Integer were worth $702,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ITGR. Alliancebernstein L.P. boosted its stake in shares of Integer by 885.1% during the second quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider’s stock valued at $136,016,000 after purchasing an additional 993,810 shares in the last quarter. Tributary Capital Management LLC raised its holdings in Integer by 92.6% in the 3rd quarter. Tributary Capital Management LLC now owns 499,776 shares of the medical equipment provider’s stock valued at $51,642,000 after buying an additional 240,226 shares during the last quarter. Millennium Management LLC boosted its position in Integer by 2,408.8% during the 1st quarter. Millennium Management LLC now owns 123,132 shares of the medical equipment provider’s stock worth $14,531,000 after buying an additional 118,224 shares during the period. Viking Global Investors LP grew its holdings in Integer by 9.1% during the 2nd quarter. Viking Global Investors LP now owns 1,283,965 shares of the medical equipment provider’s stock worth $157,889,000 after acquiring an additional 106,692 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in Integer in the 2nd quarter valued at approximately $12,778,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Integer News Summary

Here are the key news stories impacting Integer this week:

• Neutral Sentiment: Market context — trading is elevated and the stock is up today, with volume above average; investors should weigh the short-term bounce against longer-term legal overhang and fundamentals.
• Negative Sentiment: Class-action claims allege securities fraud tied to overstated demand and link to a roughly 32% prior stock drop, increasing potential liability concerns for the company. Kahn Swick Class Action Notice BFA Law Court Notice
• Negative Sentiment: Multiple plaintiff firms have announced filings and are soliciting lead-plaintiff candidates for the class period (July 25, 2024–Oct 22, 2025), amplifying the publicity and potential legal costs. Representative notices from Berger Montague, Bragar Eagel & Squire, Levi & Korsinsky and Pomerantz are circulating. Berger Montague Deadline Alert Bragar Eagel & Squire Reminder Levi & Korsinsky Notice Pomerantz Investor Alert
• Negative Sentiment: Gross Law Firm specifically reports suing Integer for securities-law violations, adding to the number of named actions and increasing uncertainty about management liability and potential settlements. Gross Law Firm Suit Notice
• Negative Sentiment: Practical impact for investors — increased legal cloud can drive volatility, potential future impairment to earnings (settlements/penalties/legal fees), and could weigh on valuation multiples until outcomes become clearer; monitor filings, defense statements from Integer, and any SEC involvement. Rosen Law Reminder

Analysts Set New Price Targets

A number of equities analysts have recently commented on ITGR shares. Wall Street Zen upgraded shares of Integer from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $80.00 target price (down from $132.00) on shares of Integer in a research report on Friday, October 24th. Piper Sandler cut their target price on Integer from $155.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Benchmark reissued a “hold” rating on shares of Integer in a research note on Friday, October 24th. Finally, Citigroup raised their price objective on Integer from $69.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Integer has an average rating of “Hold” and an average price target of $98.38.

Integer Stock Performance

Shares of Integer stock opened at $87.06 on Thursday. The company has a market cap of $3.05 billion, a P/E ratio of 36.43, a PEG ratio of 0.78 and a beta of 0.78. The company has a current ratio of 3.71, a quick ratio of 2.45 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $75.96 and a two-hundred day moving average price of $92.33. Integer Holdings Corporation has a 1-year low of $62.00 and a 1-year high of $146.36.

Integer (NYSE:ITGR) last announced its earnings results on Thursday, October 23rd. The medical equipment provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.68 by $0.11. Integer had a return on equity of 12.84% and a net margin of 4.75%.The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. As a group, analysts anticipate that Integer Holdings Corporation will post 6.01 EPS for the current year.

Integer declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 4th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the medical equipment provider to buy up to 8.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at Integer

In related news, CEO Payman Khales acquired 3,127 shares of the stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $64.94 per share, for a total transaction of $203,067.38. Following the purchase, the chief executive officer directly owned 22,865 shares of the company’s stock, valued at $1,484,853.10. The trade was a 15.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Tommy P. Thomas sold 884 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $70.15, for a total transaction of $62,012.60. Following the transaction, the vice president directly owned 3,596 shares in the company, valued at approximately $252,259.40. This represents a 19.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders purchased 5,843 shares of company stock worth $384,771. Corporate insiders own 2.16% of the company’s stock.

Integer Profile

Integer Holdings Corporation (NYSE: ITGR) is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer’s product portfolio is organized into two core segments: Advanced Delivery and MedTech.