Mutual of America Capital Management LLC Reduces Position in Integer Holdings Co. (NYSE:ITGR)

Mutual of America Capital Management LLC decreased its holdings in Integer Holdings Co. (NYSE:ITGR) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,044 shares of the medical equipment provider’s stock after selling 463 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Integer were worth $656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Earnest Partners LLC grew its position in shares of Integer by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,208,319 shares of the medical equipment provider’s stock valued at $139,911,000 after acquiring an additional 37,340 shares during the period. Congress Asset Management Co. grew its holdings in Integer by 3.9% during the third quarter. Congress Asset Management Co. now owns 488,785 shares of the medical equipment provider’s stock valued at $63,542,000 after purchasing an additional 18,303 shares during the period. Driehaus Capital Management LLC increased its position in Integer by 62.5% in the second quarter. Driehaus Capital Management LLC now owns 353,052 shares of the medical equipment provider’s stock worth $40,880,000 after buying an additional 135,750 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Integer by 0.3% in the second quarter. Tributary Capital Management LLC now owns 286,449 shares of the medical equipment provider’s stock worth $33,168,000 after buying an additional 772 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Integer by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 259,830 shares of the medical equipment provider’s stock valued at $30,086,000 after buying an additional 1,941 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ITGR shares. KeyCorp lifted their target price on shares of Integer from $139.00 to $144.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Citigroup upped their price objective on Integer from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. Benchmark lifted their target price on Integer from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Truist Financial dropped their price target on Integer from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Bank of America boosted their target price on shares of Integer from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $139.75.

Integer Stock Down 1.1 %

ITGR stock opened at $138.78 on Wednesday. Integer Holdings Co. has a 12 month low of $84.75 and a 12 month high of $141.27. The company has a current ratio of 3.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.98 and a beta of 1.09. The firm has a 50-day moving average of $130.72 and a two-hundred day moving average of $123.93.

Integer (NYSE:ITGR) last released its quarterly earnings results on Thursday, October 24th. The medical equipment provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. The firm had revenue of $431.42 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. As a group, analysts forecast that Integer Holdings Co. will post 5.34 earnings per share for the current fiscal year.

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.