Bullish case
$127 to $132
More likely if the acquisition closes at $127 per share by year-end 2026 without a competing bid, or if a higher bid emerges during the stockholder consideration period, which would push the stock above the current offer.
Integer Holdings Corporation research snapshot
ITGR AI stock analysis as of the August 4, 2026 data cutoff is anchored by a definitive agreement under which an affiliate of KKR will acquire all outstanding shares of Integer Holdings Corporation for $127 per share in cash, a transaction valued at an enterprise value of approximately $5.7 billion and announced on August 3, 2026. The stock closed at $124.45 on August 3, 2026, up 3.24 or 2.67% from the $121.21 close on July 31, when the stock jumped 20.18% on reports of a pending buyout, leaving a small spread to the $127 offer that reflects deal-close uncertainty. The offer represents a premium of about 51.8% to the April 29, 2026 close, the day before the board announced a strategic review, and about 28.8% to the 30-day VWAP as of July 31, 2026. Integer also reported second quarter 2026 results on August 3, with sales down 2.6% to $464 million, adjusted EPS up 3% to $1.60, and adjusted EBITDA down 4% to $95 million, while withdrawing its financial outlook given the pending deal. This is informational research and not investment advice, and the deal is not guaranteed to close.
Current price
$124.45 at the August 3, 2026, 4:00 PM EDT market close, up 3.24 or 2.67% from the $121.21 July 31 close, after the stock surged 20.18% on July 31 on reports of a pending buyout and then confirmed the KKR deal on August 3, with an after-hours quote of $124.52
Market cap
About $4.23 billion at the August 3, 2026 close, matching $124.45 times 33.95 million shares outstanding, while the $127 cash offer implies an equity value of about $4.31 billion and an enterprise value of about $5.7 billion including net debt
AI score
78 / 100
Rating
Definitive $127 cash offer; stock trading near the deal price
Trend status
Trading near the $127 offer and the 52-week high of $125.54 after a deal-driven surge
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Integer is a leading medical device contract development and manufacturing organization with strong positions in cardiac rhythm management, neuromodulation, and cardio and vascular components. Second quarter 2026 sales fell 2.6% to $464 million with organic sales down 1.5%, reflecting the impact of three new customer products. | Medium-high |
| Moat | Moat comes from regulatory barriers for implantable component manufacturing, proprietary battery and feedthrough technology, global manufacturing scale, and long-term OEM supply agreements that create switching costs. | Medium |
| Management | The board ran a strategic review announced April 30, 2026 and agreed to a $127 per share all-cash acquisition by KKR, with the board unanimously approving and recommending the transaction. CEO Payman Khales leads the company through the pending close. | Medium |
| Financial trend | FY2025 revenue reached $1.854 billion, up 7.98%, with net income of $102.81 million. Q2 2026 sales fell 2.6% to $464 million, adjusted EPS rose 3% to $1.60, adjusted EBITDA fell 4% to $95 million, and net leverage reached 3.2x adjusted EBITDA. | Medium-high |
| Valuation | The $127 cash offer values the equity at about $4.31 billion and the enterprise at about $5.7 billion. The stock trades at about 31.4x trailing EPS, 18.6x forward EPS, 2.3x sales, and 42.3x trailing free cash flow, all below the deal price anchor. | Medium |
| Technical trend | ITGR surged 20.18% on July 31 to $121.21 on buyout reports and closed at $124.45 on August 3, near the 52-week high of $125.54 and just below the $127 offer, with RSI near 85 signaling overbought conditions after the move. | Medium |
| Risk level | Key risks are deal completion risk from stockholder approval, regulatory review, and the year-end closing timeline, plus customer concentration, OEM consolidation, procedure volume cyclicality, and a 3.2x net leverage ratio. | Medium-high |
| AI confidence | Medium-high for deal terms, the quote, Q2 2026 results, market cap math, and valuation ratios that cross-validated across company releases, StockAnalysis.com, and financial_rigor.py. Lower confidence for deal timing and completion odds. | Medium-high data confidence |
| Investment certainty | Medium. The $127 cash offer anchors value near the current price, but the deal is not guaranteed to close, and the modest 2% spread to the offer leaves little upside for holders while deal failure carries meaningful downside. | Medium |
ITGR AI stock forecast
The ITGR AI stock forecast is now structured around the KKR acquisition rather than a standalone earnings forecast. The $127 cash offer caps the normal upside, so scenarios depend on whether the deal closes, is delayed, or fails. It does not claim that AI can predict a specific future price, and completion requires stockholder and regulatory approvals with a target close by year-end 2026.
$127 to $132
More likely if the acquisition closes at $127 per share by year-end 2026 without a competing bid, or if a higher bid emerges during the stockholder consideration period, which would push the stock above the current offer.
$120 to $127
More likely if the stock trades in a tight band between the $124.45 August 3 close and the $127 offer as the proxy statement, stockholder vote, and regulatory review progress, with the spread narrowing as the expected close approaches.
$90 to $110
More likely if the deal is terminated, blocked, or materially delayed, sending the stock back toward the pre-announcement trading range near $95 to $100, which was the 30-day VWAP reference point behind the offer.
ITGR AI technical analysis
ITGR AI technical analysis starts from the $124.45 close on August 3, 2026. The stock gapped from a $100.86 July 30 close to $121.21 on July 31 on the buyout report, then rose to $124.45 on August 3, trading right below the $125.54 52-week high and the $127 offer. Because this page does not fetch request-time market data, traders should confirm levels on a live chart and monitor deal news before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $124.45 | Close on August 3, 2026, up 2.67%, after the stock jumped 20.18% on July 31. After-hours quote was $124.52. |
| Near support | $120 to $121 | The July 31 close at $121.21 and the round-number zone form the first support. A daily close below this area would signal fading deal optimism. |
| Secondary support | $113 to $116 | The gap-fill area between the July 30 close near $100.86 and the July 31 high. A sustained break below would point to a return toward pre-deal levels. |
| Major support | $95 to $100 | The 30-day VWAP reference behind the offer and the pre-announcement trading range. This zone matters only if the deal breaks. |
| Near resistance | $125.54 to $127 | The 52-week high of $125.54 and the $127 cash offer form the resistance ceiling. The stock cannot sustainably trade far above the offer without a competing bid. |
| 50-day moving average | About $94.46 | Well below the current price because the deal gap moved the stock sharply higher. It is a long-term reference rather than an active trading level. |
| 200-day moving average | About $85.12 | Far below the current price. The 200-day average is not relevant until the stock reverts toward pre-deal levels. |
| Momentum | RSI near 85, overbought | The 14-day RSI near 84.86 reflects the two-day deal surge and warns that the move is stretched and vulnerable to headline-driven swings. |
| Volume | About 12.6 million shares | August 3 volume was about 12.6 million shares against a 20-day average near 1.15 million, confirming institutional participation in the deal news. |
| Volatility | ATR elevated near $5 to $8 | Daily ranges widened dramatically around the July 31 gap. Position sizing should allow for large swings on deal headlines. |
| Invalidation | Close below $120, then $113 | A close below $120 weakens the deal-optimism setup. A break below $113 to $116 would signal a return toward pre-deal levels and raise deal-failure risk. |
ITGR AI trading strategy
The ITGR AI trading strategy is now primarily an event-driven deal framework rather than a classic trend or mean-reversion strategy. It combines the $127 cash offer reference, technical confirmation, deal-monitoring, position sizing, and clear invalidation levels.
For holders, the $127 cash offer defines the reference value. The stock closed at $124.45 on August 3, about 2% below the offer. Monitor the proxy statement, the stockholder vote, regulatory review, and the expected year-end close to assess whether the spread should narrow.
Define maximum loss per position as if the deal could fail. A widening spread or negative deal news should reduce confidence before the close.
If ITGR pulls back toward $120 to $121 without breaking the deal thesis, the spread to the $127 offer widens and the risk-reward improves for investors who underwrite deal completion. Confirmation requires the pullback to hold and deal milestones to stay on schedule.
Do not chase the stock above the offer price. Set a stop below $113 to $116 if the deal shows signs of stress.
Track the proxy filing, stockholder meeting date, any competing bids, antitrust and regulatory commentary, and statements from KKR and Integer. Also monitor Q3 sales trends, segment performance, and the leverage ratio in case the deal closes and the business must be assessed on fundamentals.
If the deal is terminated or blocked, the fundamental reference returns to the business, which trades at about 31x trailing EPS with sales down 2.6% in Q2 2026 and leverage at 3.2x, pointing to a likely reversion toward $95 to $100.
Investment research summary
Integer manufactures critical components and finished devices for medical device OEMs, including implantable pacemaker batteries, defibrillator components, neuromodulation devices, and catheters used in cardiac and vascular procedures, under the Greatbatch Medical and Lake Region Medical brands.
Integer benefits from regulatory barriers that make it hard for OEMs to requalify a supplier, proprietary battery and feedthrough technology for implantable devices, global manufacturing scale, and long-term supply agreements with major medtech customers.
The investment thesis fails if the KKR deal is terminated or blocked, if medtech OEMs consolidate suppliers, if a major manufacturing program is lost, if procedure volumes decline, or if the 3.2x leverage and weak Q2 sales make the business less attractive than the offer implies.
The board announced a strategic review on April 30, 2026 and on August 3, 2026 agreed to a definitive $127 per share all-cash acquisition by KKR. The transaction is not subject to a financing contingency, and the board unanimously recommends stockholder approval.
Integer operates in the medical device outsourcing market, which benefits from aging populations, minimally invasive procedures, and OEM preference for specialized contract manufacturers. KKR agreed to the deal partly to fund capacity, technology, and talent growth in those end markets.
At the $124.45 close, the stock trades about 2% below the $127 cash offer, so the margin of safety is now a deal-close margin rather than a fundamental margin. The offer is about 51.8% above the April 29, 2026 close and about 28.8% above the 30-day VWAP as of July 31, 2026.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| ITGR price | $124.45 at the August 3, 2026, 4:00 PM EDT market close, up 3.24 or 2.67% from the $121.21 July 31 close, with an after-hours quote of $124.52, a 52-week range of $62.00 to $125.54, and August 3 volume near 12.6 million shares | StockAnalysis.com real-time quote and daily price history | August 4, 2026 |
| KKR acquisition terms | $127 per share in cash for all outstanding shares, enterprise value of approximately $5.7 billion, premium of about 51.8% to the April 29, 2026 close and about 28.8% to the 30-day VWAP as of July 31, 2026, expected close by end of 2026 subject to stockholder approval and regulatory approvals, and not subject to a financing contingency | Integer and KKR press release via GlobeNewswire | August 4, 2026 |
| Second quarter 2026 results | Sales of $464 million, down 2.6% with organic sales down 1.5%, GAAP diluted EPS of $0.69, adjusted EPS of $1.60 up 3%, adjusted EBITDA of $95 million down 4%, and Cardio and Vascular sales of $280 million down 2.3% | Integer Q2 2026 earnings release via GlobeNewswire | August 4, 2026 |
| Debt and leverage | Total debt increased $53 million to $1.238 billion, non-GAAP net total debt of $1.236 billion, and a leverage ratio of 3.2 times adjusted EBITDA as of July 3, 2026 | Integer Q2 2026 earnings release | August 4, 2026 |
| Balance sheet | Cash and cash equivalents of $21.375 million, total assets of $3.424 billion, long-term debt of $1.238 billion, and stockholders equity of $1.719 billion as of July 3, 2026 | Integer Q2 2026 earnings release condensed balance sheet | August 4, 2026 |
| Market capitalization | About $4.23 billion at the August 3, 2026 close, verified as $124.45 times 33.95 million shares outstanding by financial_rigor.py with 0.12% deviation from the reported figure, and about $4.31 billion implied by the $127 offer | financial_rigor.py market cap verification and StockAnalysis.com | August 4, 2026 |
| Enterprise value | $5.60 billion per StockAnalysis.com statistics, consistent with the roughly $5.7 billion transaction value including net debt of about $1.24 billion | StockAnalysis.com statistics and Integer Q2 2026 earnings release | August 4, 2026 |
| FY2025 financials | Revenue of $1.854 billion, up 7.98% from $1.717 billion, net income of $102.81 million down 14.25% from $119.9 million, and diluted EPS of $2.89 | StockAnalysis.com financials | August 4, 2026 |
| TTM financials | TTM revenue of about $1.84 billion, TTM net income of about $128 million, and TTM EPS of $3.68 per the StockAnalysis.com financials overview, which reflects the weaker second quarter | StockAnalysis.com financials | August 4, 2026 |
| Revenue trend | FY2021 revenue of $1.221 billion, FY2022 of $1.331 billion, FY2023 of $1.556 billion, FY2024 of $1.717 billion, and FY2025 of $1.854 billion, with 9.03%, 16.85%, 10.35%, and 7.98% annual growth over the last four fiscal years | StockAnalysis.com financials | August 4, 2026 |
| Valuation math | 31.36x trailing PE, 18.62x forward PE, 2.28x sales, 2.49x book value, 42.34x trailing free cash flow, and 17.67x EV/EBITDA at the $124.45 close, verified via financial_rigor.py | financial_rigor.py valuation verification and StockAnalysis.com | August 4, 2026 |
| Analyst consensus | Hold with an average target of $112.14 across 10 analysts, low $95 and high $127, with several firms moving to Hold or equivalent ratings after the deal was announced | StockAnalysis.com forecast and ratings | August 4, 2026 |
| Post-deal analyst actions | Truist and Piper Sandler moved to Hold with $127 targets, KeyBanc to Sector Weight, Raymond James to Market Perform, Oppenheimer to Perform, and BofA to No Rating after the August 3 acquisition announcement | StockAnalysis.com forecast and ratings | August 4, 2026 |
| Shares outstanding and float | 33.95 million shares outstanding with about 33.46 million in the float, insider ownership of 1.44%, institutional ownership reported at 116.66%, and short interest of 4.35 million shares equal to 12.82% of shares outstanding | StockAnalysis.com statistics | August 4, 2026 |
| Technical snapshot | 50-day moving average about $94.46, 200-day moving average about $85.12, 14-day RSI near 84.86, 20-day average volume near 1.15 million shares, and beta of 0.61 | StockAnalysis.com statistics | August 4, 2026 |
| Management | President and CEO Payman Khales and CFO Diron Smith, with the board chaired through the strategic review that produced the KKR agreement | StockAnalysis.com company profile | August 4, 2026 |
This ITGR AI stock analysis is an informational tool for research and education only. It is not investment advice, a recommendation, or a guarantee of future performance, and it does not confirm that the KKR acquisition will close. Forecast ranges are scenarios based on available data as of August 4, 2026 and can be wrong, especially around deal timing, regulatory decisions, and stockholder votes.
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