State of Tennessee Treasury Department purchased a new stake in Masimo Corporation (NASDAQ:MASI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the medical equipment provider’s stock, valued at approximately $4,559,000. State of Tennessee Treasury Department owned 0.10% of Masimo Corporation at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Fortaleza Asset Management Inc. acquired a new position in shares of Masimo Corporation during the 2nd quarter worth approximately $106,000. Neuburgh Advisers LLC raised its stake in shares of Masimo Corporation by 6.4% during the 1st quarter. Neuburgh Advisers LLC now owns 1,328 shares of the medical equipment provider’s stock worth $124,000 after buying an additional 80 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Masimo Corporation by 32.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,782 shares of the medical equipment provider’s stock worth $166,000 after buying an additional 434 shares during the period. Glen Harbor Capital Management LLC raised its stake in shares of Masimo Corporation by 6.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,826 shares of the medical equipment provider’s stock worth $170,000 after buying an additional 110 shares during the period. Finally, Dubuque Bank & Trust Co. raised its stake in shares of Masimo Corporation by 3.4% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,869 shares of the medical equipment provider’s stock worth $170,000 after buying an additional 61 shares during the period. 83.26% of the stock is owned by institutional investors.
In related news, COO Anand Sampath sold 40,000 shares of Masimo Corporation stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $92.00, for a total value of $3,680,000.00. Following the sale, the chief operating officer now directly owns 20,000 shares in the company, valued at $1,840,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sanford Fitch sold 6,000 shares of Masimo Corporation stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $91.89, for a total value of $551,340.00. Following the completion of the sale, the director now owns 89,249 shares in the company, valued at $8,201,090.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,000 shares of company stock worth $11,732,930. Company insiders own 16.60% of the company’s stock.
MASI has been the subject of several research analyst reports. Roth Capital upped their target price on Masimo Corporation from $96.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Masimo Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Stifel Nicolaus initiated coverage on Masimo Corporation in a research note on Monday, July 10th. They set a “buy” rating and a $105.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $112.00 target price on shares of Masimo Corporation in a research note on Monday, May 22nd. Finally, BidaskClub raised Masimo Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $95.00.
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Masimo Corporation (MASI) opened at 87.20 on Wednesday. The stock’s 50 day moving average price is $87.66 and its 200 day moving average price is $91.19. The firm has a market capitalization of $4.53 billion, a P/E ratio of 14.29 and a beta of 0.84. Masimo Corporation has a 52 week low of $53.78 and a 52 week high of $104.71.
Masimo Corporation (NASDAQ:MASI) last posted its quarterly earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. Masimo Corporation had a return on equity of 23.45% and a net margin of 45.90%. The firm had revenue of $192.90 million for the quarter, compared to the consensus estimate of $189.03 million. During the same period in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts expect that Masimo Corporation will post $2.80 EPS for the current year.
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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