Integer (NYSE:ITGR) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Monday.
ITGR has been the topic of several other reports. Zacks Investment Research raised Integer from a “sell” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, December 27th. ValuEngine raised Integer from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Integer presently has an average rating of “Hold” and a consensus target price of $51.00.
Shares of Integer (ITGR) opened at $56.20 on Monday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.46 and a current ratio of 2.55. Integer has a 1 year low of $33.90 and a 1 year high of $56.65. The firm has a market capitalization of $1,768.89, a P/E ratio of 27.28, a P/E/G ratio of 1.12 and a beta of 0.99.
In other Integer news, insider Declan Smyth sold 1,112 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $44.89, for a total value of $49,917.68. Following the sale, the insider now directly owns 11,656 shares of the company’s stock, valued at $523,237.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeremy Friedman sold 8,163 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $44.89, for a total value of $366,437.07. Following the completion of the sale, the chief operating officer now directly owns 17,673 shares in the company, valued at $793,340.97. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $631,333 over the last three months. Corporate insiders own 4.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of ITGR. Zions Bancorporation purchased a new position in shares of Integer in the third quarter worth $174,000. Advisor Group Inc. raised its stake in shares of Integer by 340.0% in the fourth quarter. Advisor Group Inc. now owns 4,154 shares of the medical equipment provider’s stock worth $188,000 after purchasing an additional 3,210 shares during the last quarter. LS Investment Advisors LLC increased its position in Integer by 298.1% during the fourth quarter. LS Investment Advisors LLC now owns 4,339 shares of the medical equipment provider’s stock valued at $197,000 after acquiring an additional 3,249 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in Integer during the fourth quarter valued at $204,000. Finally, Amalgamated Bank purchased a new stake in Integer during the third quarter valued at $212,000. Hedge funds and other institutional investors own 95.76% of the company’s stock.
Integer Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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