Insider Selling: Integer Holdings Co. (ITGR) Insider Sells 1,112 Shares of Stock

Integer Holdings Co. (NYSE:ITGR) insider Declan Smyth sold 1,112 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $49,917.68. Following the sale, the insider now directly owns 11,656 shares in the company, valued at approximately $523,237.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Integer Holdings Co. (ITGR) traded down $0.55 during trading on Friday, hitting $48.55. 62,857 shares of the stock were exchanged, compared to its average volume of 136,717. Integer Holdings Co. has a 1 year low of $29.40 and a 1 year high of $55.20. The company has a market cap of $1,554.99, a P/E ratio of 18.05, a P/E/G ratio of 1.03 and a beta of 1.08. The company has a quick ratio of 1.37, a current ratio of 2.58 and a debt-to-equity ratio of 1.95.

Integer (NYSE:ITGR) last released its earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $363.31 million during the quarter, compared to the consensus estimate of $354.83 million. Integer had a net margin of 1.42% and a return on equity of 11.22%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. research analysts expect that Integer Holdings Co. will post 2.62 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on ITGR shares. Northcoast Research lowered shares of Integer from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. TheStreet lowered shares of Integer from a “b-” rating to a “c+” rating in a report on Thursday, November 9th. BidaskClub downgraded shares of Integer from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Integer in a research report on Friday, September 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $62.00 price objective (up from $51.00) on shares of Integer in a research report on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Integer presently has an average rating of “Hold” and a consensus price target of $51.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its holdings in Integer by 411.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after buying an additional 1,636 shares during the period. Zions Bancorporation bought a new position in Integer in the 3rd quarter worth approximately $174,000. Amalgamated Bank bought a new position in Integer in the 3rd quarter worth approximately $212,000. Bessemer Group Inc. bought a new position in Integer in the 3rd quarter worth approximately $220,000. Finally, Piedmont Investment Advisors LLC bought a new position in Integer in the 2nd quarter worth approximately $260,000. 95.02% of the stock is owned by institutional investors.

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Integer Company Profile

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.

Insider Buying and Selling by Quarter for Integer (NYSE:ITGR)

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