Shares of IntriCon Co. (NASDAQ:IIN) have been given an average rating of “Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $51.67.
A number of research firms have recently weighed in on IIN. TheStreet upgraded shares of IntriCon from a “c+” rating to a “b” rating in a report on Friday, August 31st. Dougherty & Co cut shares of IntriCon from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Tuesday, September 11th. B. Riley raised their price target on shares of IntriCon from $62.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Zacks Investment Research cut shares of IntriCon from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, Stifel Nicolaus raised their price target on shares of IntriCon from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 21st.
In related news, Director Philip Irving Smith sold 10,000 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $74.18, for a total value of $741,800.00. Following the completion of the transaction, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $494,558.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of IntriCon by 1,236.5% in the 2nd quarter. BlackRock Inc. now owns 419,019 shares of the technology company’s stock valued at $16,886,000 after purchasing an additional 387,668 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in IntriCon during the 2nd quarter worth approximately $308,000. Dimensional Fund Advisors LP raised its position in IntriCon by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 263,835 shares of the technology company’s stock worth $10,633,000 after buying an additional 22,385 shares during the last quarter. Northern Trust Corp raised its position in IntriCon by 257.6% during the 2nd quarter. Northern Trust Corp now owns 90,616 shares of the technology company’s stock worth $3,651,000 after buying an additional 65,276 shares during the last quarter. Finally, US Bancorp DE raised its position in IntriCon by 220.4% during the 3rd quarter. US Bancorp DE now owns 56,694 shares of the technology company’s stock worth $3,186,000 after buying an additional 39,000 shares during the last quarter. 42.25% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:IIN opened at $43.39 on Friday. IntriCon has a fifty-two week low of $11.00 and a fifty-two week high of $76.80. The stock has a market capitalization of $374.06 million, a PE ratio of 149.62, a PEG ratio of 4.97 and a beta of 0.57. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.
IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. The company operates in two segments, Body Worn Devices and Hearing Health Direct-To-Consumer. It offers micro-miniature products, microelectronics; micro-mechanical assemblies; high-precision injection-molded plastic components; and assemblies and software solutions for medical bio-telemetry devices, hearing healthcare, and professional audio communication devices markets.
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