Integer (NYSE:ITGR) Sets New 52-Week High – Here’s What Happened

Integer Holdings Co. (NYSE:ITGR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $144.32 and last traded at $144.74, with a volume of 8137 shares trading hands. The stock had previously closed at $143.13.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ITGR. KeyCorp raised their price objective on Integer from $144.00 to $154.00 and gave the company an “overweight” rating in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price objective (up from $125.00) on shares of Integer in a research note on Friday, October 25th. Bank of America raised their price objective on Integer from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Citigroup increased their target price on shares of Integer from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $160.00 target price on shares of Integer in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $146.56.

Integer Stock Up 1.5 %

The company has a quick ratio of 2.09, a current ratio of 3.28 and a debt-to-equity ratio of 0.67. The company’s fifty day simple moving average is $137.11 and its 200 day simple moving average is $129.82. The firm has a market capitalization of $4.87 billion, a PE ratio of 44.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12.

Institutional Investors Weigh In On Integer

A number of institutional investors have recently modified their holdings of ITGR. Mather Group LLC. increased its holdings in Integer by 304.3% in the 4th quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 143 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in Integer by 55.9% during the third 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 during the period. Huntington National Bank boosted its holdings in Integer by 8,933.3% in 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 during the last quarter. R Squared Ltd bought a new stake in Integer in the 4th quarter worth approximately $44,000. Finally, Versant Capital Management Inc raised its stake in Integer by 98.4% during the 4th quarter. Versant Capital Management Inc now owns 369 shares of the medical equipment provider’s stock valued at $49,000 after buying an additional 183 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.