Integer Holdings Corp (NYSE:ITGR) COO Jeremy Friedman sold 1,515 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $70.92, for a total value of $107,443.80. Following the completion of the transaction, the chief operating officer now owns 3,648 shares of the company’s stock, valued at $258,716.16. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jeremy Friedman also recently made the following trade(s):

  • On Monday, August 6th, Jeremy Friedman sold 6,326 shares of Integer stock. The stock was sold at an average price of $72.01, for a total value of $455,535.26.

Shares of ITGR traded down $0.05 during midday trading on Friday, reaching $70.75. The stock had a trading volume of 436 shares, compared to its average volume of 212,184. Integer Holdings Corp has a 12-month low of $42.50 and a 12-month high of $76.85. The company has a current ratio of 3.80, a quick ratio of 2.95 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $2.26 billion, a P/E ratio of 25.23, a PEG ratio of 1.32 and a beta of 0.86.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, August 2nd. The medical equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.18. Integer had a return on equity of 12.60% and a net margin of 6.63%. The firm had revenue of $313.00 million during the quarter, compared to analysts’ expectations of $379.41 million. During the same period in the prior year, the business earned $0.62 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities research analysts predict that Integer Holdings Corp will post 3.57 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its stake in shares of Integer by 5.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 13,690 shares of the medical equipment provider’s stock valued at $774,000 after acquiring an additional 760 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Integer by 18.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 5,737 shares of the medical equipment provider’s stock valued at $324,000 after acquiring an additional 900 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Integer by 2.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 34,735 shares of the medical equipment provider’s stock valued at $1,964,000 after acquiring an additional 913 shares during the last quarter. Comerica Bank lifted its stake in shares of Integer by 3.2% in the 1st quarter. Comerica Bank now owns 30,208 shares of the medical equipment provider’s stock valued at $1,705,000 after acquiring an additional 923 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Integer by 27.4% in the 2nd quarter. Verition Fund Management LLC now owns 4,510 shares of the medical equipment provider’s stock valued at $292,000 after acquiring an additional 971 shares during the last quarter. 96.67% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on ITGR. Zacks Investment Research cut Integer from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. TheStreet cut Integer from a “b” rating to a “c+” rating in a report on Thursday, May 3rd. ValuEngine cut Integer from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. KeyCorp reiterated an “overweight” rating and issued a $78.00 price objective (up from $65.00) on shares of Integer in a report on Friday, July 6th. They noted that the move was a valuation call. Finally, Northcoast Research upgraded Integer to a “buy” rating and set a $83.00 price objective for the company in a report on Friday, July 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Integer currently has an average rating of “Buy” and an average price target of $76.80.

Integer Company Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates through two segments, Medical and Non-Medical. The company offers arthroscopic devices and components, such as shaver blades and burrs, ablation probes, and suture anchors; laparoscopic and general surgery products, including trocars, endoscopes and laparoscopes, closure devices, harmonic scalpels, bipolar energy delivery devices, radio frequency probes, thermal tumor ablation devices, and ophthalmic surgery devices; and biopsy and drug delivery products.

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