Professional
Added to YB: 2026-03-12
Pitch date: 2026-01-14
ITGR [bullish]
Integer Holdings Corporation
+10.19%
current return
Author Info
No bio for this author
Company Info
Integer Holdings Corporation operates as a medical device contract development and manufacturing company in the United States, Costa Rica, Puerto Rico, Ireland, and internationally.
Market Cap
$3.0B
Pitch Price
$83.58
Price Target
120.00 (+30%)
Dividend
N/A
EV/EBITDA
11.50
P/E
22.50
EV/Sales
2.37
Sector
Health Care Equipment and Supplies
Category
special_situation
13D Activist Fund New Position: Integer Holdings Corporation
ITGR (new position): Largest pure-play med device CDMO down 40% YTD on 2026 growth air pocket (-2% to +2% vs 6-8% target). Irenic Capital pushing sale; PE comps (Teleflex OEM, CeramTec, Resonetics, Confluent) at 16-20x EBITDA vs ITGR's 10x, implying $120+ price vs $70s today. Board refresh needed (5 of 11 directors 10+ yrs). 2024 bids at $110-115. High barriers, sticky CV/neuro end markets. Nomination deadline Jan 21.
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