State Treasurer State of Michigan decreased its position in Masimo Corporation (NASDAQ:MASI) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,000 shares of the medical equipment provider’s stock after selling 800 shares during the quarter. State Treasurer State of Michigan’s holdings in Masimo Corporation were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in MASI. Fortaleza Asset Management Inc. bought a new stake in Masimo Corporation in the 2nd quarter worth approximately $106,000. Dubuque Bank & Trust Co. increased its stake in Masimo Corporation by 3.4% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,869 shares of the medical equipment provider’s stock worth $170,000 after acquiring an additional 61 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Masimo Corporation by 13.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the medical equipment provider’s stock worth $184,000 after acquiring an additional 236 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Masimo Corporation in the 2nd quarter worth approximately $203,000. Finally, Advisor Group Inc. increased its stake in Masimo Corporation by 38.4% in the 2nd quarter. Advisor Group Inc. now owns 2,361 shares of the medical equipment provider’s stock worth $216,000 after acquiring an additional 655 shares during the last quarter. 83.94% of the stock is currently owned by institutional investors and hedge funds.
Masimo Corporation (MASI) opened at $86.00 on Monday. The firm has a market capitalization of $4,443.72, a P/E ratio of 32.95, a P/E/G ratio of 2.90 and a beta of 0.75.
Masimo Corporation (NASDAQ:MASI) last posted its quarterly earnings data on Tuesday, October 31st. The medical equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.17. Masimo Corporation had a return on equity of 22.17% and a net margin of 45.83%. The company had revenue of $193.69 million during the quarter, compared to analysts’ expectations of $189.01 million. During the same quarter in the previous year, the business earned $0.52 EPS. Masimo Corporation’s revenue was up 15.6% compared to the same quarter last year. equities analysts anticipate that Masimo Corporation will post 2.96 earnings per share for the current year.
A number of brokerages have recently commented on MASI. BidaskClub cut Masimo Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BTIG Research upgraded Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, August 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $108.00 target price on shares of Masimo Corporation in a report on Friday. Zacks Investment Research upgraded Masimo Corporation from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Thursday. Finally, Roth Capital lifted their target price on Masimo Corporation from $96.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $97.17.
In related news, Director Steven Barker sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now owns 73,249 shares in the company, valued at approximately $6,592,410. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Yongsam Lee sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $89.89, for a total value of $449,450.00. Following the transaction, the executive vice president now owns 74,000 shares of the company’s stock, valued at approximately $6,651,860. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,000 shares of company stock valued at $2,309,200. 13.10% of the stock is owned by company insiders.
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Masimo Corporation Profile
Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.
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