BlackRock Amends Integer Holdings Stake, Signals Continued Confidence
Ticker: ITGR · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1114483
| Field | Detail |
|---|---|
| Company | Integer Holdings CORP (ITGR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a chunk of Integer Holdings, good sign for the stock.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership in Integer Holdings Corp. (ticker: IHR) as of December 31, 2023. This filing, an amendment to a previous disclosure, shows BlackRock continues to be a significant institutional investor in Integer Holdings, a company specializing in electromedical and electrotherapeutic apparatus. This matters to investors because BlackRock's continued substantial stake signals confidence in Integer Holdings' long-term prospects, potentially influencing other institutional and retail investors.
Why It Matters
BlackRock's sustained position as a major shareholder in Integer Holdings Corp. can be seen as a vote of confidence, potentially attracting other investors and stabilizing the stock price.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for the company.
Analyst Insight
A smart investor would view BlackRock's continued significant ownership as a positive signal, suggesting stability and potential long-term value in Integer Holdings Corp., and might consider further research into the company's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Integer Holdings Corp. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the date the SC 13G/A was filed
- 0001114483 (number) — Central Index Key (CIK) for Integer Holdings Corp.
- 0001364742 (number) — Central Index Key (CIK) for BlackRock Inc.
Forward-Looking Statements
- BlackRock will maintain a significant stake in Integer Holdings Corp. throughout 2024. (BlackRock Inc.) — medium confidence, target: 2024-12-31
- Integer Holdings Corp. stock will experience stable institutional support due to BlackRock's continued investment. (Integer Holdings Corp.) — medium confidence, target: 2024-06-30
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' section and the title 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is Integer Holdings Corp., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Integer Holdings Corp' and 'INTEGER HOLDINGS CORPORATION (Name of Issuer)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox selection.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Integer Holdings Corp (ITGR).