Cooke & Bieler LP Boosts Stake in Integer Holdings Corporation $ITGR

Cooke & Bieler LP raised its stake in shares of Integer Holdings Corporation (NYSE:ITGR) by 59.5% during the 4th quarter, Holdings Channel reports. The fund owned 613,134 shares of the medical equipment provider’s stock after purchasing an additional 228,645 shares during the period. Cooke & Bieler LP’s holdings in Integer were worth $48,088,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ITGR. William Blair Investment Management LLC purchased a new stake in shares of Integer during the third quarter valued at about $28,459,000. Public Sector Pension Investment Board grew its position in shares of Integer by 14.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 136,632 shares of the medical equipment provider’s stock worth $14,118,000 after buying an additional 17,699 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Integer by 12.0% during the 3rd quarter. New York State Common Retirement Fund now owns 267,613 shares of the medical equipment provider’s stock worth $27,652,000 after acquiring an additional 28,650 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Integer during the third quarter valued at approximately $1,890,000. Finally, Tudor Investment Corp ET AL boosted its stake in Integer by 50,787.5% in the third quarter. Tudor Investment Corp ET AL now owns 29,500,000 shares of the medical equipment provider’s stock valued at $28,606,000 after acquiring an additional 29,442,029 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Integer

In other news, VP Tommy P. Thomas sold 825 shares of Integer stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $85.00, for a total transaction of $70,125.00. Following the completion of the transaction, the vice president directly owned 4,381 shares of the company’s stock, valued at $372,385. The trade was a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ITGR has been the topic of several analyst reports. Weiss Ratings raised shares of Integer from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 target price (up from $87.00) on shares of Integer in a research report on Friday, May 1st. Zacks Research downgraded Integer from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Truist Financial upped their price objective on shares of Integer from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Wells Fargo & Company increased their price objective on shares of Integer from $72.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $98.29.

Integer Stock Performance

Shares of NYSE ITGR opened at $89.34 on Tuesday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.10 and a beta of 0.67. Integer Holdings Corporation has a 12 month low of $62.00 and a 12 month high of $123.78. The company has a 50 day simple moving average of $86.90 and a two-hundred day simple moving average of $82.00. The company has a current ratio of 3.75, a quick ratio of 2.38 and a debt-to-equity ratio of 0.77.

Integer (NYSE:ITGR) last posted its earnings results on Thursday, April 30th. The medical equipment provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.01). The business had revenue of $439.58 million for the quarter, compared to analyst estimates of $426.48 million. Integer had a net margin of 7.64% and a return on equity of 12.83%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Integer has set its FY 2026 guidance at 5.830-6.400 EPS. As a group, analysts predict that Integer Holdings Corporation will post 6.04 earnings per share for the current year.

Integer Company Profile

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.