Integer Target of Unusually Large Options Trading (NYSE:ITGR)

Integer Holdings Corporation (NYSE:ITGR) was the target of some unusual options trading activity on Friday. Stock traders acquired 2,199 call options on the company. This represents an increase of approximately 1,076% compared to the average volume of 187 call options.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ITGR shares. Benchmark downgraded shares of Integer from a “buy” rating to a “hold” rating in a report on Thursday, August 13th. Freedom Capital lowered Integer from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Piper Sandler cut Integer from an “overweight” rating to a “hold” rating and set a $127.00 price objective for the company. in a research report on Monday, August 3rd. Citigroup increased their target price on Integer from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Integer in a research report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Integer has a consensus rating of “Hold” and a consensus price target of $109.86.

Insider Buying and Selling at Integer

In other Integer news, insider Andrew Senn sold 9,408 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $126.30, for a total transaction of $1,188,230.40. Following the transaction, the insider directly owned 5,405 shares of the company’s stock, valued at $682,651.50. This represents a 63.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Integer

Several institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in shares of Integer by 8,977.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,702,956 shares of the medical equipment provider’s stock valued at $346,041,000 after purchasing an additional 3,662,164 shares in the last quarter. Irenic Capital Management LP bought a new stake in shares of Integer in the 4th quarter worth about $99,109,000. Alliancebernstein L.P. increased its position in shares of Integer by 885.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider’s stock worth $136,016,000 after purchasing an additional 993,810 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Integer by 1,141.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider’s stock worth $72,076,000 after purchasing an additional 753,081 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Integer by 3,350.2% during the 4th quarter. Millennium Management LLC now owns 677,108 shares of the medical equipment provider’s stock valued at $53,106,000 after purchasing an additional 657,483 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Integer Stock Up 0.0%

ITGR opened at $126.06 on Friday. The company has a market capitalization of $4.28 billion, a P/E ratio of 34.44, a P/E/G ratio of 2.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.73 and a quick ratio of 2.41. The firm’s fifty day moving average price is $114.21 and its two-hundred day moving average price is $97.28. Integer has a fifty-two week low of $62.00 and a fifty-two week high of $126.79.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.22. The firm had revenue of $464.11 million during the quarter, compared to analyst estimates of $451.07 million. Integer had a net margin of 6.97% and a return on equity of 12.79%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 earnings per share. On average, analysts anticipate that Integer will post 6.09 EPS for the current year.

Integer Company Profile

Integer Holdings Corporation, doing business as Integer, is a medical device contract development and manufacturing company. The company partners with medical technology companies to design, develop and manufacture components and finished products used in a range of healthcare applications.

Integer’s medical products include batteries and power sources, implantable components, electrodes, leads, catheters and other products used in cardiovascular, neuromodulation, vascular, orthopedic, diabetes and minimally invasive medical devices.