Integer Holdings Co. (ITGR) Downgraded to “C+” at TheStreet

TheStreet cut shares of Integer Holdings Co. (NASDAQ:ITGR) from a b- rating to a c+ rating in a research note published on Thursday.

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Integer Holdings from a strong-buy rating to a buy rating in a research report on Saturday, October 28th. Royal Bank of Canada restated a hold rating and issued a $40.00 price target on shares of Integer Holdings in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of Integer Holdings from a sell rating to a hold rating in a research report on Monday, August 21st. Northcoast Research cut shares of Integer Holdings from a buy rating to a neutral rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, KeyCorp restated an overweight rating and issued a $62.00 price target (up from $51.00) on shares of Integer Holdings in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $51.00.

Integer Holdings (ITGR) traded down $0.75 during mid-day trading on Thursday, reaching $45.85. 99,136 shares of the company were exchanged, compared to its average volume of 173,146. Integer Holdings has a twelve month low of $23.75 and a twelve month high of $55.20.

Integer Holdings (NASDAQ:ITGR) last released its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. The company had revenue of $363.31 million for the quarter, compared to analyst estimates of $354.83 million. Integer Holdings’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share.

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In other news, insider John A. Harris sold 1,261 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $45.40, for a total value of $57,249.40. Following the sale, the insider now directly owns 2,064 shares of the company’s stock, valued at approximately $93,705.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jennifer M. Bolt sold 7,626 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $48.22, for a total transaction of $367,725.72. Following the completion of the sale, the insider now directly owns 12,735 shares in the company, valued at $614,081.70. The disclosure for this sale can be found here.

Several large investors have recently bought and sold shares of ITGR. FMR LLC bought a new stake in shares of Integer Holdings in the 1st quarter valued at $226,000. Teachers Advisors LLC boosted its stake in shares of Integer Holdings by 2.2% in the 1st quarter. Teachers Advisors LLC now owns 56,755 shares of the medical equipment provider’s stock valued at $2,282,000 after purchasing an additional 1,219 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Integer Holdings by 0.4% in the 1st quarter. Legal & General Group Plc now owns 51,063 shares of the medical equipment provider’s stock valued at $2,053,000 after purchasing an additional 197 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Integer Holdings by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 2,719,174 shares of the medical equipment provider’s stock valued at $109,312,000 after purchasing an additional 144,771 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Integer Holdings by 9.0% in the 1st quarter. Geode Capital Management LLC now owns 260,800 shares of the medical equipment provider’s stock valued at $10,484,000 after purchasing an additional 21,558 shares during the last quarter.

About Integer Holdings

Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.

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