Yongsam Lee Sells 5,900 Shares of Masimo Co. (MASI) Stock

Masimo Co. (NASDAQ:MASI) EVP Yongsam Lee sold 5,900 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $88.31, for a total value of $521,029.00. Following the completion of the sale, the executive vice president now owns 70,800 shares of the company’s stock, valued at $6,252,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yongsam Lee also recently made the following trade(s):

  • On Monday, December 4th, Yongsam Lee sold 18,198 shares of Masimo stock. The shares were sold at an average price of $88.85, for a total value of $1,616,892.30.
  • On Thursday, November 9th, Yongsam Lee sold 13,976 shares of Masimo stock. The shares were sold at an average price of $89.43, for a total value of $1,249,873.68.
  • On Wednesday, November 1st, Yongsam Lee sold 5,000 shares of Masimo stock. The shares were sold at an average price of $89.89, for a total value of $449,450.00.

Shares of Masimo Co. (NASDAQ:MASI) opened at $88.11 on Wednesday. Masimo Co. has a 1-year low of $60.31 and a 1-year high of $104.71. The firm has a market capitalization of $4,570.00, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.99 and a beta of 0.72.

Masimo (NASDAQ:MASI) last issued its quarterly earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.17. Masimo had a return on equity of 22.17% and a net margin of 45.83%. The firm had revenue of $193.69 million during the quarter, compared to the consensus estimate of $189.01 million. During the same period last year, the business posted $0.52 EPS. The business’s revenue was up 15.6% compared to the same quarter last year. equities research analysts expect that Masimo Co. will post 2.95 EPS for the current year.

A number of institutional investors have recently modified their holdings of MASI. Fortaleza Asset Management Inc. acquired a new stake in Masimo during the 2nd quarter worth about $106,000. DekaBank Deutsche Girozentrale grew its holdings in Masimo by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,106 shares of the medical equipment provider’s stock worth $182,000 after acquiring an additional 925 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Masimo by 13.2% during 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 period. Advisor Group Inc. grew its holdings in Masimo by 38.4% during 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 period. Finally, Daiwa Securities Group Inc. acquired a new stake in Masimo during the 2nd quarter worth about $219,000. Hedge funds and other institutional investors own 83.74% of the company’s stock.

A number of analysts recently weighed in on MASI shares. BidaskClub downgraded Masimo from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BTIG Research upgraded Masimo from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, August 14th. Zacks Investment Research downgraded Masimo from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $108.00 price objective on shares of Masimo in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Masimo has an average rating of “Hold” and a consensus price target of $97.17.

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About Masimo

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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