Artisan Partners Limited Partnership Sells 7,381 Shares of Integer Holdings Corporation $ITGR

Artisan Partners Limited Partnership decreased its stake in Integer Holdings Corporation (NYSE:ITGR) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,343 shares of the medical equipment provider’s stock after selling 7,381 shares during the quarter. Artisan Partners Limited Partnership owned 0.61% of Integer worth $22,045,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Brucke Financial Inc. raised its position in shares of Integer by 8.1% in the 3rd quarter. Brucke Financial Inc. now owns 4,313 shares of the medical equipment provider’s stock valued at $446,000 after acquiring an additional 322 shares during the period. Intech Investment Management LLC increased its stake in Integer by 6.0% in the third quarter. Intech Investment Management LLC now owns 22,946 shares of the medical equipment provider’s stock valued at $2,371,000 after purchasing an additional 1,300 shares in the last quarter. US Bancorp DE raised its holdings in Integer by 10.4% in the third quarter. US Bancorp DE now owns 10,301 shares of the medical equipment provider’s stock worth $1,064,000 after purchasing an additional 969 shares during the period. Channing Capital Management LLC boosted its position in shares of Integer by 16.2% during the third quarter. Channing Capital Management LLC now owns 557,312 shares of the medical equipment provider’s stock worth $57,587,000 after purchasing an additional 77,681 shares in the last quarter. Finally, Aurora Investment Counsel grew its holdings in shares of Integer by 15.6% in the 3rd quarter. Aurora Investment Counsel now owns 16,967 shares of the medical equipment provider’s stock valued at $1,753,000 after buying an additional 2,296 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen downgraded Integer from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Wells Fargo & Company raised their price target on Integer from $72.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Weiss Ratings upgraded Integer from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Truist Financial increased their target price on Integer from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $101.00 price target on shares of Integer in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $102.00.

Integer Stock Up 0.1%

NYSE:ITGR opened at $86.89 on Friday. The stock has a 50-day simple moving average of $83.91 and a 200 day simple moving average of $87.44. Integer Holdings Corporation has a 52-week low of $62.00 and a 52-week high of $127.56. The company has a market cap of $2.99 billion, a PE ratio of 30.28, a PEG ratio of 1.48 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.23 and a current ratio of 3.32.

Integer (NYSE:ITGR) last issued its quarterly earnings results on Thursday, February 19th. The medical equipment provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.06. Integer had a net margin of 5.55% and a return on equity of 13.26%. The company had revenue of $472.06 million during the quarter, compared to analysts’ expectations of $462.73 million. During the same period last year, the business earned $1.43 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Integer has set its FY 2026 guidance at 6.290-6.780 EPS. On average, sell-side analysts expect that Integer Holdings Corporation will post 6.01 EPS for the current fiscal year.

Integer announced that its board has initiated a share repurchase plan on Tuesday, November 4th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the medical equipment provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

About Integer

Integer Holdings Corporation (NYSE: ITGR) is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer’s product portfolio is organized into two core segments: Advanced Delivery and MedTech.