Assenagon Asset Management S.A. Cuts Stake in OSI Systems, Inc. $OSIS

Assenagon Asset Management S.A. cut its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 13.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,527 shares of the technology company’s stock after selling 2,390 shares during the period. Assenagon Asset Management S.A.’s holdings in OSI Systems were worth $4,123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OSIS. Hsbc Holdings PLC purchased a new stake in shares of OSI Systems during the 4th quarter valued at $578,000. Rockefeller Capital Management L.P. increased its holdings in shares of OSI Systems by 44.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 980 shares of the technology company’s stock worth $250,000 after buying an additional 302 shares during the last quarter. World Investment Advisors purchased a new position in shares of OSI Systems in the 4th quarter worth $318,000. Caitong International Asset Management Co. Ltd raised its position in shares of OSI Systems by 249.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 269 shares of the technology company’s stock worth $69,000 after buying an additional 192 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new position in OSI Systems in the fourth quarter valued at $32,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on OSIS. Citigroup dropped their price target on OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Roth Mkm reiterated a “buy” rating and set a $310.00 target price on shares of OSI Systems in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.00.

OSI Systems Trading Down 2.3%

NASDAQ:OSIS opened at $213.24 on Tuesday. The business’s 50-day moving average is $233.83 and its two-hundred day moving average is $260.88. The firm has a market capitalization of $3.51 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. OSI Systems, Inc. has a 12 month low of $197.27 and a 12 month high of $311.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.25 and a quick ratio of 2.42.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Monday, May 4th. The technology company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.07. OSI Systems had a return on equity of 18.84% and a net margin of 8.42%.The company had revenue of $453.25 million during the quarter, compared to the consensus estimate of $449.23 million. During the same quarter in the prior year, the business earned $2.44 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. OSI Systems has set its FY 2026 guidance at 10.300-10.550 EPS. Research analysts predict that OSI Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $281.84, for a total value of $5,636,800.00. Following the completion of the sale, the director owned 253,044 shares of the company’s stock, valued at $71,317,920.96. This trade represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is currently owned by corporate insiders.

About OSI Systems

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.