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Integer Holdings Corp (ITGR) – Don’t Be So Quick to Call it Dead

Integer Holdings Corp (NYSE: ITGR) is -5.23% lower on its value in year-to-date trading and has touched a low of $104.93 and a high of $146.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ITGR stock was last observed hovering at around $126.31 in the last trading session, with the day’s loss setting it -0.72%.

Currently trading at $125.59, the stock is 6.23% and 4.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -0.57% at the moment leaves the stock -2.10% off its SMA200. ITGR registered 9.62% gain for a year compared to 6-month loss of -1.83%. The firm has a 50-day simple moving average (SMA 50) of $119.9202 and a 200-day simple moving average (SMA200) of $128.287.

The stock witnessed a 5.93% gain in the last 1 month and extending the period to 3 months gives it a -12.49%, and is 3.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.25% over the week and 4.60% over the month.

Integer Holdings Corp (ITGR) has around 11000 employees, a market worth around $4.38B and $1.76B in sales. Current P/E ratio is 59.59 and Fwd P/E is 17.76. Profit margin for the company is 4.38%. Distance from 52-week low is 19.69% and -14.19% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).

with sales reaching $464.37M over the same period.The EPS is expected to grow by 19.12% this year, but quarterly earnings will post 8.88% year-over-year. Quarterly sales are estimated to grow 6.46% in year-over-year returns.

457.0 institutions hold shares in Integer Holdings Corp (ITGR), with institutional investors hold 118.05% of the company’s shares. The shares outstanding are 34.89M, and float is at 33.67M with Short Float at 8.95%. Institutions hold 116.12% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 5.32 million shares valued at $615.89 million. The investor’s holdings represent 15.8305 of the ITGR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.81 million shares valued at $440.96 million to account for 11.3342 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.92 million shares representing 5.731 and valued at over $222.16 million, while INVESCO LTD. holds 4.0093 of the shares totaling 1.34 million with a market value of $155.42 million.

Integer Holdings Corp (ITGR) Insider Activity

Still, SEC filings show that on Jul 31 ’24, Hobby Jean M. (Director) disposed off 11,960 shares at an average price of $119.66 for $1.43 million. The insider now directly holds 2,280 shares of Integer Holdings Corp (ITGR).

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