Integer (NYSE:ITGR) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Integer Holdings Corporation (NYSE:ITGR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $83.06 and traded as high as $91.58. Integer shares last traded at $90.9310, with a volume of 564,594 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on ITGR shares. Citigroup boosted their target price on shares of Integer from $89.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Raymond James Financial restated an “outperform” rating and issued a $101.00 price objective on shares of Integer in a report on Monday, February 23rd. Zacks Research downgraded Integer from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Piper Sandler restated an “overweight” rating and issued a $97.00 price objective (up from $87.00) on shares of Integer in a report on Friday, May 1st. Finally, Truist Financial lifted their price objective on Integer from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Integer presently has an average rating of “Hold” and an average price target of $98.71.

Integer Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 3.75 and a quick ratio of 2.38. The firm has a fifty day moving average of $87.64 and a two-hundred day moving average of $83.06. The stock has a market capitalization of $3.09 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.15 and a beta of 0.66.

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

Insider Buying and Selling

In other Integer news, VP Tommy P. Thomas sold 825 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $85.00, for a total value of $70,125.00. Following the completion of the transaction, the vice president directly owned 4,381 shares in the company, valued at approximately $372,385. The trade was a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Integer

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Integer by 48.1% in the first quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock worth $32,000 after purchasing an additional 117 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Integer by 46.8% in the fourth quarter. Salomon & Ludwin LLC now owns 370 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 118 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Integer by 0.6% in the fourth quarter. Kestra Advisory Services LLC now owns 21,424 shares of the medical equipment provider’s stock worth $1,680,000 after purchasing an additional 136 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in Integer by 1.4% in the second quarter. Orion Porfolio Solutions LLC now owns 9,755 shares of the medical equipment provider’s stock worth $1,200,000 after purchasing an additional 138 shares in the last quarter. Finally, Lido Advisors LLC raised its holdings in Integer by 5.5% in the fourth quarter. Lido Advisors LLC now owns 2,887 shares of the medical equipment provider’s stock worth $226,000 after purchasing an additional 151 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

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.