The Vanguard Group, Inc. recently announced the acquisition of new stake in Integer Holdings Corporation (NYSE:ITGR). The institutional investor has increased its shareholding in the Healthcare company by 1.50% to 3.68 million shares with purchase of 54459.0 shares. This fresh investment now brings its stake to 11.12% valued currently at $252.22 million. In addition, Franklin Mutual Advisers LLC raised its holdings by 0.24 million to 2.16 million shares. And Dimensional Fund Advisors LP has lifted its position by 4.60% or 90138.0 shares – to 2.05 million shares.
With over 77530.0 Integer Holdings Corporation (ITGR) shares trading Tuesday and a closing price of $73.27 on the day, the dollar volume was approximately $5.68 million. The shares have shown a positive half year performance of 5.64% and its price on 01/24/23 lost nearly -1.57%. Currently, there are 33.15M common shares owned by the public and among those 32.70M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for ITGR have a consensus price objective of $87.00. The analysts have set the share’s price value over the next 12 months at a high of $90.00 and a low of $84.00. The average price target is 15.78% above its recent price level and an upside to the estimated low will see the stock gain 12.77% over that period. But an upside of 18.59% will see the stock hit the forecast high price target while median target price for the stock is $87.00.
Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 42,191 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 18,062 shares.
The top 3 mutual fund holders in Integer Holdings Corporation are iShares Core S&P Small Cap ETF, Franklin Small Cap Value Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 2.45 million shares of the company’s stock, all valued at over $167.81 million. The company sold 1648.0 shares recently to bring their total holdings to about 7.40% of the shares outstanding. Vanguard Total Stock Market Index bought 5492.0 shares to bring its total holdings to over 1.01 million shares at a value of $69.34 million. Vanguard Total Stock Market Index now owns shares totaling to 3.06% of the shares outstanding.
Shares of Integer Holdings Corporation (NYSE: ITGR) opened at $74.84, up $0.4 from a prior closing price of $74.44. However, the script later moved the day high at 74.87, down -1.57%. The company’s stock has a 5-day price change of 0.60% and 31.54% over the past three months. ITGR shares are trading 7.03% year to date (YTD), with the 12-month market performance down to -8.14% lower. It has a 12-month low price of $50.05 and touched a high of $88.58 over the same period. ITGR has an average intraday trading volume of 183.69K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.16%, 3.85%, and 5.28% respectively.
Institutional ownership of Integer Holdings Corporation (NYSE: ITGR) 33.15M shares outstanding. Mutual fund holders own 32.12%, while other institutional holders and individual stakeholders account for 68.01% and 2.77% respectively.
It has a market capitalization of $2.40B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 35.76, while the earnings-per-share (ttm) stands at $2.05. The company has a PEG of 3.58 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 0.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.34% over the week and 2.48% over the month.
Analysts forecast that Integer Holdings Corporation (ITGR) will achieve an EPS of $1.06 for the current quarter, $0.71 for the next quarter and $4.55 for 2023. The lowest estimate earnings-per-share for the quarter is $1 while analysts give the company a high EPS estimate of $1.17. Comparatively, EPS for the current quarter was $0.99 a year ago. Earnings per share for the fiscal year are expected to increase by 19.90%, and 13.07% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 28.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Integer Holdings Corporation (ITGR) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 1 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ITGR, a number of firms have released research notes about the stock. Argus stated their Buy rating for the stock in a research note on June 09, 2021, with the firm’s price target at $100. The Benchmark Company was of a view on May 14, 2020 that the stock is Buy, while KeyBanc Capital Mkts gave the stock Overweight rating on July 06, 2018, issuing a price target of $65- $78. Argus on their part issued Buy rating on June 27, 2018.