Zions Bancorporation N.A. Acquires 4,234 Shares of Integer Holdings Co. (NYSE:ITGR)

Zions Bancorporation N.A. boosted its holdings in Integer Holdings Co. (NYSE:ITGR) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,318 shares of the medical equipment provider’s stock after purchasing an additional 4,234 shares during the period. Zions Bancorporation N.A. owned about 0.08% of Integer worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its stake in shares of Integer by 7.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,013 shares of the medical equipment provider’s stock worth $1,168,000 after purchasing an additional 725 shares in the last quarter. SG Americas Securities LLC lifted its stake in Integer by 43.5% in the 1st quarter. SG Americas Securities LLC now owns 8,394 shares of the medical equipment provider’s stock valued at $979,000 after purchasing an additional 2,544 shares during the last quarter. Headlands Technologies LLC bought a new position in Integer during the first quarter worth about $106,000. ProShare Advisors LLC increased its position in Integer by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,698 shares of the medical equipment provider’s stock worth $782,000 after buying an additional 461 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Integer by 12.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,705 shares of the medical equipment provider’s stock valued at $1,249,000 after buying an additional 1,220 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 stock. Benchmark lifted their target price on shares of Integer from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, October 21st. KeyCorp increased their price objective on Integer from $139.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Truist Financial reduced their target price on shares of Integer from $150.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Bank of America lifted their price objective on shares of Integer from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Piper Sandler restated an “overweight” rating and set a $140.00 target price (up previously from $125.00) on shares of Integer in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Integer presently has an average rating of “Moderate Buy” and a consensus price target of $139.75.

Integer Stock Up 0.5 %

Integer stock opened at $137.62 on Thursday. Integer Holdings Co. has a 52-week low of $84.75 and a 52-week high of $140.91. The firm has a 50 day moving average price of $128.83 and a two-hundred day moving average price of $122.26. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 1.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.28.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, October 24th. The medical equipment provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The firm had revenue of $431.42 million for the quarter, compared to analysts’ expectations of $440.59 million. Integer had a return on equity of 11.63% and a net margin of 6.70%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 EPS. Equities analysts predict that Integer Holdings Co. will post 5.33 EPS for the current year.

Integer Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.