Azzad Asset Management Inc. ADV Grows Holdings in Integer Holdings Co. (NYSE:ITGR)

Azzad Asset Management Inc. ADV boosted its holdings in shares of Integer Holdings Co. (NYSE:ITGR) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,772 shares of the medical equipment provider’s stock after purchasing an additional 566 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Integer were worth $907,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Integer by 483.3% in the fourth quarter. Blue Trust Inc. now owns 455 shares of the medical equipment provider’s stock valued at $45,000 after purchasing an additional 377 shares during the period. Principal Securities Inc. acquired a new stake in shares of Integer in the fourth quarter worth approximately $67,000. Quadrant Capital Group LLC increased its position in shares of Integer by 10.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,427 shares of the medical equipment provider’s stock worth $141,000 after purchasing an additional 132 shares in the last quarter. Strs Ohio raised its stake in Integer by 54.5% in the 4th quarter. Strs Ohio now owns 1,700 shares of the medical equipment provider’s stock valued at $168,000 after purchasing an additional 600 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Integer in the fourth quarter worth about $204,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on ITGR. Citigroup increased their price objective on shares of Integer from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Truist Financial began coverage on Integer in a report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price target on the stock. Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Integer in a research note on Friday, May 10th. Bank of America upgraded Integer from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $105.00 to $135.00 in a research report on Monday, April 15th. Finally, CL King initiated coverage on shares of Integer in a report on Thursday, March 14th. They issued a “buy” rating and a $137.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Activity

In related news, Director James F. Hinrichs sold 9,603 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $122.44, for a total value of $1,175,791.32. Following the transaction, the director now owns 7,424 shares of the company’s stock, valued at $908,994.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Andrew Senn sold 5,000 shares of Integer stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $113.14, for a total transaction of $565,700.00. Following the sale, the senior vice president now directly owns 4,658 shares in the company, valued at approximately $527,006.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James F. Hinrichs sold 9,603 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $122.44, for a total value of $1,175,791.32. Following the completion of the sale, the director now directly owns 7,424 shares of the company’s stock, valued at $908,994.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,936 shares of company stock worth $2,130,937. 2.00% of the stock is currently owned by company insiders.

Integer Trading Down 1.4 %

Integer stock traded down $1.58 during midday trading on Wednesday, reaching $114.17. 23,574 shares of the stock traded hands, compared to its average volume of 319,559. The company has a 50-day simple moving average of $116.82 and a two-hundred day simple moving average of $110.69. The company has a current ratio of 3.32, a quick ratio of 2.01 and a debt-to-equity ratio of 0.76. Integer Holdings Co. has a 12-month low of $69.40 and a 12-month high of $123.99. The firm has a market cap of $3.82 billion, a PE ratio of 40.05, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11.

Integer (NYSE:ITGR) last released its earnings results on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Integer had a net margin of 6.01% and a return on equity of 11.25%. The company had revenue of $414.80 million for the quarter, compared to analyst estimates of $412.78 million. During the same period in the prior year, the business earned $0.87 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts expect that Integer Holdings Co. will post 5.27 earnings per share for the current fiscal year.

Integer Profile

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.