American Century Companies Inc. raised its stake in Masimo Corporation (NASDAQ:MASI) by 127.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,963 shares of the medical equipment provider’s stock after buying an additional 267,489 shares during the period. American Century Companies Inc. owned 0.92% of Masimo Corporation worth $41,286,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Fortaleza Asset Management Inc. acquired a new stake in Masimo Corporation in the second quarter valued at approximately $106,000. Dubuque Bank & Trust Co. boosted its position in Masimo Corporation by 3.4% in the second quarter. Dubuque Bank & Trust Co. now owns 1,869 shares of the medical equipment provider’s stock valued at $170,000 after buying an additional 61 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Masimo Corporation by 13.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the medical equipment provider’s stock valued at $184,000 after buying an additional 236 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Masimo Corporation in the second quarter valued at approximately $203,000. Finally, Advisor Group Inc. boosted its position in Masimo Corporation by 38.4% in the second quarter. Advisor Group Inc. now owns 2,361 shares of the medical equipment provider’s stock valued at $216,000 after buying an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 84.94% of the company’s stock.
A number of analysts have weighed in on the stock. Roth Capital raised their target price on shares of Masimo Corporation from $96.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. BidaskClub lowered shares of Masimo Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Masimo Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Thursday, November 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $108.00 price target (up previously from $105.00) on shares of Masimo Corporation in a report on Thursday, August 3rd. Finally, BTIG Research upgraded shares of Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Masimo Corporation presently has a consensus rating of “Hold” and a consensus target price of $97.17.
Masimo Corporation (NASDAQ MASI) opened at $86.49 on Monday. The company has a market cap of $4,469.04, a price-to-earnings ratio of 33.14, a PEG ratio of 2.91 and a beta of 0.75. Masimo Corporation has a fifty-two week low of $60.03 and a fifty-two week high of $104.71.
Masimo Corporation (NASDAQ:MASI) last issued its quarterly earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.17. The company had revenue of $193.69 million for the quarter, compared to analyst estimates of $189.01 million. Masimo Corporation had a net margin of 45.83% and a return on equity of 22.17%. Masimo Corporation’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. equities research analysts expect that Masimo Corporation will post 2.96 earnings per share for the current fiscal year.
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In related news, EVP Yongsam Lee sold 5,000 shares of Masimo Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $89.89, for a total transaction of $449,450.00. Following the completion of the transaction, the executive vice president now owns 74,000 shares of the company’s stock, valued at $6,651,860. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sanford Fitch sold 11,000 shares of Masimo Corporation stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $87.25, for a total transaction of $959,750.00. Following the transaction, the director now directly owns 72,249 shares of the company’s stock, valued at approximately $6,303,725.25. The disclosure for this sale can be found here. Insiders have sold 39,976 shares of company stock valued at $3,559,074 in the last three months. 13.10% of the stock is owned by insiders.
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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