Integer Holdings Co. (NYSE:ITGR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in Integer Holdings Co. (NYSE:ITGR) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,044 shares of the medical equipment provider’s stock after selling 463 shares during the period. Mutual of America Capital Management LLC’s holdings in Integer were worth $656,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. raised its position in Integer by 55.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 223 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. Huntington National Bank grew its stake in shares of Integer by 8,933.3% during the third quarter. Huntington National Bank now owns 271 shares of the medical equipment provider’s stock worth $35,000 after purchasing an additional 268 shares in the last quarter. Quest Partners LLC raised its stake in Integer by 3,688.9% in the second quarter. Quest Partners LLC now owns 341 shares of the medical equipment provider’s stock valued at $39,000 after buying an additional 332 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Integer by 60.9% during the 2nd quarter. GAMMA Investing LLC now owns 375 shares of the medical equipment provider’s stock worth $43,000 after buying an additional 142 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Integer during the 2nd quarter worth about $110,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Integer Stock Performance

NYSE:ITGR opened at $138.78 on Wednesday. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.28 and a quick ratio of 2.09. Integer Holdings Co. has a 1-year low of $84.75 and a 1-year high of $141.27. The firm’s fifty day moving average price is $130.72 and its 200 day moving average price is $123.93.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, October 24th. The medical equipment provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $431.42 million for the quarter, compared to analysts’ expectations of $440.59 million. Integer had a net margin of 6.70% and a return on equity of 11.63%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 EPS. On average, sell-side analysts expect that Integer Holdings Co. will post 5.34 EPS for the current year.

Analyst Upgrades and Downgrades

ITGR has been the subject of several recent analyst reports. Truist Financial decreased their target price on Integer from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Bank of America increased their target price on shares of Integer from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Citigroup boosted their price target on shares of Integer from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Tuesday, October 1st. Piper Sandler reiterated an “overweight” rating and set a $140.00 target price (up previously from $125.00) on shares of Integer in a research report on Friday, October 25th. Finally, Benchmark upped their target price on Integer from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.75.

About Integer

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.