Teacher Retirement System of Texas increased its stake in Masimo Corp. (NASDAQ:MASI) by 13.7% during the second quarter, Holdings Channel reports. The institutional investor owned 6,684 shares of the company’s stock after buying an additional 805 shares during the period. Teacher Retirement System of Texas’ holdings in Masimo Corp. were worth $351,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Aperio Group LLC raised its stake in shares of Masimo Corp. by 27.3% in the first quarter. Aperio Group LLC now owns 15,761 shares of the company’s stock valued at $659,000 after buying an additional 3,379 shares in the last quarter. Ngam Advisors L.P. acquired a new position in Masimo Corp. during the first quarter valued at about $461,000. Menta Capital LLC boosted its position in Masimo Corp. by 23.5% in the first quarter. Menta Capital LLC now owns 22,100 shares of the company’s stock valued at $925,000 after buying an additional 4,200 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new position in Masimo Corp. during the first quarter valued at about $513,000. Finally, Spark Investment Management LLC acquired a new position in Masimo Corp. during the first quarter valued at about $2,092,000. 79.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Masimo Corp. (NASDAQ:MASI) traded down 0.46% on Thursday, reaching $58.65. The company had a trading volume of 15,065 shares. Masimo Corp. has a one year low of $33.03 and a one year high of $60.81. The company has a 50-day moving average price of $59.19 and a 200-day moving average price of $51.89. The firm has a market cap of $2.89 billion, a P/E ratio of 30.76 and a beta of 0.70.
Masimo Corp. (NASDAQ:MASI) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.16. Masimo Corp. had a return on equity of 29.07% and a net margin of 15.40%. The company had revenue of $172.64 million for the quarter, compared to analyst estimates of $166.02 million. During the same quarter last year, the firm earned $0.36 EPS. Masimo Corp.’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts expect that Masimo Corp. will post $2.02 earnings per share for the current fiscal year.
MASI has been the subject of several recent analyst reports. Zacks Investment Research cut Masimo Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 4th. BTIG Research reissued a “hold” rating on shares of Masimo Corp. in a research note on Friday, August 5th. Wedbush reissued an “outperform” rating and issued a $63.00 price target (up previously from $60.00) on shares of Masimo Corp. in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $55.00 price target (up previously from $52.00) on shares of Masimo Corp. in a research note on Friday, August 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $52.60.
In related news, EVP Yongsam Lee sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $60.50, for a total transaction of $1,815,000.00. Following the completion of the transaction, the executive vice president now owns 93,000 shares in the company, valued at approximately $5,626,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rick Fishel sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $53.85, for a total value of $1,184,700.00. Following the transaction, the insider now owns 42,022 shares of the company’s stock, valued at approximately $2,262,884.70. The disclosure for this sale can be found here. Corporate insiders own 16.60% of the company’s stock.
About Masimo Corp.
Masimo Corporation is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products. The Company’s business is measure-through-motion and low-perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include monitoring blood constituents with an optical signature, optical organ oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring.
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