Integer Holdings CEO sells shares worth $41.75 million

Published 03/05/2025, 00:58
Integer Holdings CEO sells shares worth $41.75 million

Joseph W. Dziedzic, President and CEO of Integer Holdings Corp (NYSE:ITGR), a $4.39 billion medical device manufacturer with robust financial health according to InvestingPro metrics, executed significant stock transactions on May 1, 2025. The company has demonstrated strong performance with 10.19% revenue growth over the last twelve months. Dziedzic sold common stock valued at approximately $41.75 million. The sales occurred at prices ranging from $122.45 to $126.18 per share.

In addition to the sales, Dziedzic acquired shares through stock option exercises, totaling about $3.12 million, at prices between $29.55 and $48.43 per share. Following these transactions, Dziedzic’s direct ownership stands at 47,000 shares.

The CEO also made a charitable gift of 24,000 shares, valued at $3 million, to a donor-advised fund. This gift was executed at a price of $125.085 per share. The company maintains a strong balance sheet with a healthy current ratio of 3.4, indicating solid liquidity management.

In other recent news, Integer Holdings reported first-quarter results that exceeded analyst expectations, leading to an increase in its stock price. The company posted adjusted earnings per share of $1.31, surpassing the analyst estimate of $1.23, and recorded revenue of $437.39 million, beating the consensus estimate of $428.51 million. This represented a 7% year-over-year increase, with organic growth contributing 6% to the revenue rise. Integer Holdings’ Cardio & Vascular segment was a significant growth driver, with sales increasing 17% year-over-year, supported by new product launches and recent acquisitions. The company raised its full-year adjusted EPS guidance to a range of $6.15 to $6.51, up from the previous analyst consensus of $6.07.

Additionally, Truist Securities analyst Richard Newitter raised the price target for Integer Holdings from $140 to $150 and reaffirmed a "Buy" rating on the shares. Newitter’s valuation reflects Integer’s consistent organic growth and contributions from mergers and acquisitions. The analyst highlighted Integer’s earnings per share growth, which is one and a half to two times that of its revenue growth. Integer’s first-quarter performance, which exceeded expectations, was a factor in the revised earnings forecast. The company’s financial health and growth trajectory continue to receive positive outlooks within the medical device sector.

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