Semanteon Capital Management LP Invests $572,000 in OSI Systems, Inc. $OSIS

Semanteon Capital Management LP acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,295 shares of the technology company’s stock, valued at approximately $572,000. OSI Systems accounts for 0.7% of Semanteon Capital Management LP’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSIS. Personal CFO Solutions LLC raised its stake in OSI Systems by 21.1% in the third quarter. Personal CFO Solutions LLC now owns 1,217 shares of the technology company’s stock worth $303,000 after buying an additional 212 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of OSI Systems in the 3rd quarter valued at $308,000. Zions Bancorporation National Association UT bought a new stake in OSI Systems during the third quarter valued at about $1,267,000. State of New Jersey Common Pension Fund D grew its stake in OSI Systems by 18.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 9,762 shares of the technology company’s stock valued at $2,433,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in OSI Systems by 61.2% in the third quarter. Assetmark Inc. now owns 669 shares of the technology company’s stock worth $167,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Price Performance

NASDAQ:OSIS opened at $292.89 on Friday. OSI Systems, Inc. has a one year low of $153.40 and a one year high of $294.93. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.39 and a beta of 1.35. The firm’s fifty day moving average is $271.47 and its two-hundred day moving average is $256.36.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.06. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The firm had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. During the same period in the previous year, the business posted $2.42 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OSIS shares. Weiss Ratings lowered shares of OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday. UBS Group set a $292.00 target price on OSI Systems in a research report on Monday, December 1st. Roth Mkm raised their price target on OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Bank of America upped their price objective on shares of OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and an average price target of $282.00.

Insider Activity

In other news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the transaction, the director owned 273,044 shares in the company, valued at $68,509,470.04. This trade represents a 6.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.30% of the stock is owned by company insiders.

OSI Systems Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.