Masimo Corporation (NASDAQ:MASI) Director Sanford Fitch sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $91.89, for a total value of $551,340.00. Following the transaction, the director now owns 89,249 shares in the company, valued at approximately $8,201,090.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sanford Fitch also recently made the following trade(s):

  • On Thursday, June 29th, Sanford Fitch sold 14,000 shares of Masimo Corporation stock. The stock was sold at an average price of $92.06, for a total value of $1,288,840.00.

Masimo Corporation (NASDAQ MASI) opened at 94.32 on Monday. Masimo Corporation has a 12-month low of $51.10 and a 12-month high of $104.71. The firm’s 50 day moving average price is $89.27 and its 200-day moving average price is $85.00. The stock has a market cap of $4.82 billion, a P/E ratio of 16.02 and a beta of 0.80.

Masimo Corporation (NASDAQ:MASI) last issued its quarterly earnings data on Wednesday, May 3rd. The medical equipment provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.22. The company had revenue of $186.30 million for the quarter, compared to analyst estimates of $184.14 million. Masimo Corporation had a net margin of 44.86% and a return on equity of 24.19%. Masimo Corporation’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. Equities research analysts anticipate that Masimo Corporation will post $2.66 earnings per share for the current fiscal year.

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A number of research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and set a $100.00 target price on shares of Masimo Corporation in a report on Tuesday, April 4th. BidaskClub upgraded Masimo Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Masimo Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus assumed coverage on Masimo Corporation in a report on Monday, July 10th. They set a “buy” rating and a $105.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Masimo Corporation presently has an average rating of “Hold” and an average price target of $83.40.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Masimo Corporation by 4,676.3% in the first quarter. BlackRock Inc. now owns 7,364,235 shares of the medical equipment provider’s stock valued at $686,789,000 after buying an additional 7,210,051 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Masimo Corporation by 5.9% in the first quarter. Vanguard Group Inc. now owns 4,617,633 shares of the medical equipment provider’s stock valued at $430,641,000 after buying an additional 258,719 shares during the last quarter. State Street Corp raised its position in shares of Masimo Corporation by 42.8% in the first quarter. State Street Corp now owns 1,401,516 shares of the medical equipment provider’s stock valued at $130,704,000 after buying an additional 419,767 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Masimo Corporation by 45.0% in the first quarter. Acadian Asset Management LLC now owns 1,399,187 shares of the medical equipment provider’s stock valued at $130,489,000 after buying an additional 434,389 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Masimo Corporation by 36.9% in the first quarter. Geode Capital Management LLC now owns 645,254 shares of the medical equipment provider’s stock valued at $60,175,000 after buying an additional 173,931 shares during the last quarter. 83.59% of the stock is currently owned by institutional investors.

About Masimo Corporation

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.

Insider Buying and Selling by Quarter for Masimo Corporation (NASDAQ:MASI)

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