Integer (NYSE:ITGR) Sees Large Volume Increase – Here’s Why

Shares of Integer Holdings Co. (NYSE:ITGR) saw strong trading volume on Tuesday . 307,111 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 314,283 shares.The stock last traded at $118.10 and had previously closed at $117.18.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. KeyCorp upped their target price on shares of Integer from $144.00 to $154.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Oppenheimer downgraded Integer from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Citigroup raised their target price on Integer from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Benchmark upped their price target on Integer from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $160.00 price objective on shares of Integer in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.00.

Integer Stock Performance

The stock has a fifty day simple moving average of $131.40 and a 200-day simple moving average of $132.12. The stock has a market cap of $3.97 billion, a P/E ratio of 35.16, a PEG ratio of 1.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.09 and a current ratio of 2.95.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, February 20th. The medical equipment provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). Integer had a return on equity of 11.65% and a net margin of 6.92%. The firm had revenue of $449.50 million for the quarter, compared to analyst estimates of $446.28 million. On average, equities analysts expect that Integer Holdings Co. will post 6.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ITGR. Mather Group LLC. lifted its position in Integer by 304.3% during the 4th quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 143 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Integer in the fourth quarter valued at about $27,000. R Squared Ltd bought a new stake in Integer during the fourth quarter worth about $44,000. Sterling Capital Management LLC boosted its position in Integer by 472.9% during the fourth quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider’s stock valued at $45,000 after purchasing an additional 279 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Integer by 98.4% during the 4th quarter. Versant Capital Management Inc now owns 369 shares of the medical equipment provider’s stock worth $49,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds 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.