Semanteon Capital Management LP Acquires Shares of 2,295 OSI Systems, Inc. $OSIS

Semanteon Capital Management LP bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,295 shares of the technology company’s stock, valued at approximately $572,000. OSI Systems accounts for about 0.7% of Semanteon Capital Management LP’s holdings, making the stock its 11th largest position.

Other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. grew its position in shares of OSI Systems by 58.2% in the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock valued at $36,000 after purchasing an additional 53 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of OSI Systems by 28.6% in the third quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock valued at $64,000 after purchasing an additional 57 shares during the period. Bessemer Group Inc. increased its position in OSI Systems by 78.7% during the second quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock worth $30,000 after purchasing an additional 59 shares during the last quarter. Arizona State Retirement System raised its stake in OSI Systems by 1.5% during the third quarter. Arizona State Retirement System now owns 4,711 shares of the technology company’s stock worth $1,174,000 after purchasing an additional 71 shares during the period. Finally, California State Teachers Retirement System raised its stake in OSI Systems by 0.5% during the second quarter. California State Teachers Retirement System now owns 15,795 shares of the technology company’s stock worth $3,552,000 after purchasing an additional 77 shares during the period. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Stock Up 2.4%

Shares of NASDAQ:OSIS opened at $292.89 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31. The firm has a market capitalization of $4.82 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 2.39 and a beta of 1.35. The firm’s 50-day moving average is $271.47 and its two-hundred day moving average is $256.36. OSI Systems, Inc. has a 1 year low of $153.40 and a 1 year high of $294.93.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 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 business had revenue of $464.06 million during the quarter, compared to analyst estimates of $449.51 million. During the same quarter last year, the firm posted $2.42 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Activity at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction 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 sale, the director owned 273,044 shares of the company’s stock, valued at approximately $68,509,470.04. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

OSIS has been the topic of several analyst reports. Bank of America lifted their price target on shares of OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. B. Riley Financial upped their price target on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. increased their price target on OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. UBS Group set a $292.00 price objective on shares of OSI Systems in a report on Monday, December 1st. Finally, Roth Mkm upped their target price on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $282.00.

OSI Systems Company 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.