SteelPeak Wealth LLC purchased a new position in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,891 shares of the technology company’s stock, valued at approximately $768,000.
Other hedge funds have also modified their holdings of the company. Danske Bank A S purchased a new position in OSI Systems in the third quarter valued at $25,000. Private Trust Co. NA grew its stake in OSI Systems by 179.5% during the 4th quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after purchasing an additional 79 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in OSI Systems during the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd increased its holdings in OSI Systems by 119.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company’s stock worth $43,000 after purchasing an additional 92 shares during the period. Finally, First Horizon Corp acquired a new stake in OSI Systems in the 4th quarter valued at about $45,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction 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 transaction, the director directly owned 253,044 shares of the company’s stock, valued at $71,317,920.96. The trade was a 7.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company’s stock.
OSI Systems Stock Down 1.6%
OSI Systems (NASDAQ:OSIS – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The technology company reported $2.60 EPS 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 for the quarter, compared to analyst estimates of $449.23 million. During the same quarter in the previous year, the company posted $2.44 earnings per share. The firm’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. Equities research analysts forecast that OSI Systems, Inc. will post 10.4 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently commented on OSIS. Roth Capital reissued a “buy” rating and set a $310.00 price objective on shares of OSI Systems in a research report on Tuesday, May 5th. Citigroup reduced their target price on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Weiss Ratings downgraded shares of OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Six 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, the company has an average rating of “Moderate Buy” and a consensus price target of $294.00.
Read Our Latest Analysis on OSIS
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.
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