Fifth Third Bancorp Has $1.20 Million Stake in Integer Holdings Corporation $ITGR

Fifth Third Bancorp lifted its position in shares of Integer Holdings Corporation (NYSE:ITGR) by 1,983.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,644 shares of the medical equipment provider’s stock after acquiring an additional 12,989 shares during the quarter. Fifth Third Bancorp’s holdings in Integer were worth $1,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Irenic Capital Management LP acquired a new stake in shares of Integer during the 4th quarter worth approximately $99,109,000. Alliancebernstein L.P. lifted its holdings in Integer by 885.1% in the second quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider’s stock valued at $136,016,000 after buying an additional 993,810 shares during the period. Millennium Management LLC lifted its holdings in Integer by 3,350.2% in the fourth quarter. Millennium Management LLC now owns 677,108 shares of the medical equipment provider’s stock valued at $53,106,000 after buying an additional 657,483 shares during the period. J. Goldman & Co LP bought a new position in Integer in the fourth quarter valued at approximately $40,531,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Integer by 168.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 704,600 shares of the medical equipment provider’s stock valued at $55,262,000 after acquiring an additional 442,355 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Integer Stock Up 1.1%

Shares of ITGR stock opened at $98.61 on Friday. Integer Holdings Corporation has a 52-week low of $62.00 and a 52-week high of $111.99. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.32 and a beta of 0.64. The firm’s 50-day moving average is $92.47 and its 200-day moving average is $88.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.38 and a current ratio of 3.75.

Integer (NYSE:ITGR) last released its quarterly earnings results on Thursday, April 30th. The medical equipment provider reported $1.20 earnings per share (EPS) 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%. During the same quarter last year, the firm earned $1.31 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Integer has set its FY 2026 guidance at 5.830-6.400 EPS. Sell-side analysts predict that Integer Holdings Corporation will post 6.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial upped their price objective on Integer from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 16th. KeyCorp reiterated an “overweight” rating and issued a $104.00 price target on shares of Integer in a research report on Tuesday. Freedom Capital raised shares of Integer to a “strong-buy” rating in a research note on Wednesday. Zacks Research upgraded shares of Integer from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $97.00 price objective (up from $87.00) on shares of Integer in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $97.00.

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.