Dimensional Fund Advisors LP increased its position in IntriCon Co. (NASDAQ:IIN) by 9.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 263,835 shares of the technology company’s stock after purchasing an additional 22,385 shares during the quarter. Dimensional Fund Advisors LP’s holdings in IntriCon were worth $10,633,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of IntriCon by 1,236.5% in the 2nd quarter. BlackRock Inc. now owns 419,019 shares of the technology company’s stock valued at $16,886,000 after purchasing an additional 387,668 shares during the period. Integrated Investment Consultants LLC purchased a new position in shares of IntriCon in the 2nd quarter valued at approximately $308,000. Acadian Asset Management LLC lifted its stake in shares of IntriCon by 51.8% in the 2nd quarter. Acadian Asset Management LLC now owns 54,464 shares of the technology company’s stock valued at $2,195,000 after purchasing an additional 18,590 shares during the period. Allianz Asset Management GmbH purchased a new position in shares of IntriCon in the 1st quarter valued at approximately $1,050,000. Finally, Mackay Shields LLC purchased a new position in shares of IntriCon in the 2nd quarter valued at approximately $963,000. Institutional investors own 42.18% of the company’s stock.
A number of research analysts have recently commented on IIN shares. TheStreet upgraded IntriCon from a “c+” rating to a “b” rating in a research note on Friday, August 31st. B. Riley raised their price objective on IntriCon from $62.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 price objective (up previously from $50.00) on shares of IntriCon in a research report on Thursday, July 26th. Zacks Investment Research raised IntriCon from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, July 11th. Finally, Dougherty & Co lowered IntriCon from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research report on Tuesday, September 11th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $51.25.
IIN stock opened at $48.42 on Friday. IntriCon Co. has a twelve month low of $10.40 and a twelve month high of $76.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.85. The company has a market cap of $501.00 million, a P/E ratio of 166.97, a P/E/G ratio of 6.66 and a beta of 0.58.
IntriCon (NASDAQ:IIN) last posted its quarterly earnings data on Wednesday, July 25th. The technology company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.15. IntriCon had a return on equity of 19.76% and a net margin of 4.32%. The company had revenue of $30.16 million during the quarter, compared to analyst estimates of $26.10 million. Equities research analysts forecast that IntriCon Co. will post 0.7 earnings per share for the current fiscal year.
IntriCon Company Profile
IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. The company operates in two segments, Body Worn Devices and Hearing Health Direct-To-Consumer. It offers micro-miniature products, microelectronics; micro-mechanical assemblies; high-precision injection-molded plastic components; and assemblies and software solutions for medical bio-telemetry devices, hearing healthcare, and professional audio communication devices markets.
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