IntriCon (IIN) Downgraded to Hold at ValuEngine

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ValuEngine lowered shares of IntriCon (NASDAQ:IIN) from a buy rating to a hold rating in a research report sent to investors on Tuesday, April 30th, ValuEngine reports.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded IntriCon from a sell rating to a hold rating in a research note on Wednesday, April 24th. Dougherty & Co upgraded IntriCon from a neutral rating to a buy rating and set a $44.00 price objective on the stock in a research note on Thursday, January 3rd. Finally, Stifel Nicolaus decreased their price objective on IntriCon from $70.00 to $45.00 and set a buy rating on the stock in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $50.25.

IntriCon stock traded up $0.47 during mid-day trading on Tuesday, reaching $25.51. The stock had a trading volume of 63,368 shares, compared to its average volume of 165,558. IntriCon has a fifty-two week low of $20.95 and a fifty-two week high of $76.80. The stock has a market capitalization of $218.85 million, a PE ratio of 39.86, a price-to-earnings-growth ratio of 3.22 and a beta of 1.15.

IntriCon (NASDAQ:IIN) last announced its earnings results on Monday, April 29th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). IntriCon had a net margin of 4.58% and a return on equity of 8.02%. The company had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $30.05 million. As a group, analysts expect that IntriCon will post 0.63 earnings per share for the current fiscal year.

In other news, VP Greg Gruenhagen sold 4,500 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $26.87, for a total value of $120,915.00. Following the completion of the transaction, the vice president now directly owns 7,662 shares in the company, valued at approximately $205,877.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.50% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in IntriCon by 93.8% in the third quarter. Wells Fargo & Company MN now owns 21,027 shares of the technology company’s stock worth $1,182,000 after purchasing an additional 10,177 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of IntriCon by 17.0% during the third quarter. Bank of New York Mellon Corp now owns 21,512 shares of the technology company’s stock valued at $1,209,000 after acquiring an additional 3,131 shares in the last quarter. BlackRock Inc. boosted its position in shares of IntriCon by 17.5% during the third quarter. BlackRock Inc. now owns 492,537 shares of the technology company’s stock valued at $27,680,000 after buying an additional 73,518 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of IntriCon by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 309,636 shares of the technology company’s stock valued at $17,402,000 after buying an additional 45,801 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of IntriCon by 81.6% during the third quarter. JPMorgan Chase & Co. now owns 57,566 shares of the technology company’s stock valued at $3,235,000 after buying an additional 25,874 shares during the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.

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 biotelemetry devices, hearing healthcare, and professional audio communication devices markets.

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