Integer Holdings Corporation $ITGR Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in shares of Integer Holdings Corporation (NYSE:ITGR) by 45.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,210 shares of the medical equipment provider’s stock after selling 5,978 shares during the period. State of Alaska Department of Revenue’s holdings in Integer were worth $910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HBK Investments L P acquired a new position in Integer in the second quarter valued at approximately $14,502,000. Hsbc Holdings PLC bought a new position in shares of Integer during the second quarter valued at approximately $3,292,000. Assenagon Asset Management S.A. bought a new position in shares of Integer during the second quarter valued at approximately $746,000. Great Lakes Advisors LLC bought a new position in shares of Integer during the second quarter valued at approximately $2,396,000. Finally, Nantahala Capital Management LLC acquired a new stake in shares of Integer during the 2nd quarter worth approximately $10,401,172. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Andrew Senn sold 9,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $126.30, for a total transaction of $1,188,230.40. Following the sale, the insider owned 5,405 shares of the company’s stock, valued at $682,651.50. The trade was a 63.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kirk K. Thor sold 19,773 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $126.25, for a total value of $2,496,341.25. Following the completion of the sale, the insider owned 18,920 shares of the company’s stock, valued at $2,388,650. This trade represents a 51.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,948 shares of company stock worth $5,169,920 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ITGR has been the topic of several recent research reports. Piper Sandler downgraded Integer from an “overweight” rating to a “hold” rating and set a $127.00 price target on the stock. in a report on Monday, August 3rd. Raymond James Financial downgraded Integer from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 3rd. Freedom Capital downgraded Integer from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Integer in a research report on Monday, September 14th. Finally, HC Wainwright reiterated a “buy” rating on shares of Integer in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.86.

Integer Stock Up 0.0%

Integer stock opened at $126.73 on Thursday. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 2.41 and a beta of 0.58. The company has a current ratio of 3.73, a quick ratio of 2.41 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $126.06 and its two-hundred day moving average price is $105.41. Integer Holdings Corporation has a 52 week low of $62.00 and a 52 week high of $126.83.

Integer (NYSE:ITGR) last released its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.22. The company had revenue of $464.11 million for the quarter, compared to the consensus estimate of $451.07 million. Integer had a net margin of 6.97% and a return on equity of 12.79%. Integer’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. On average, analysts expect that Integer Holdings Corporation will post 6.09 EPS for the current fiscal year.

Integer Company Profile

Integer Holdings Corporation (NYSE: ITGR) is a global medical device and advanced energy technology company. It partners with original equipment manufacturers to design and manufacture components, subassemblies and finished products used in minimally invasive and implantable medical devices.

Its medical technologies include batteries and power systems for pacemakers, implantable cardioverter-defibrillators, neurostimulators and drug-delivery systems, as well as catheter and guidewire components, coated wire, electrodes and other products used in cardiovascular, neuromodulation and other medical applications.

Integer also develops specialty batteries and power solutions for markets such as energy, aerospace and defense.