OSI Systems (NASDAQ:OSIS) Price Target Raised to $255.00

OSI Systems (NASDAQ:OSIS) had its price objective raised by research analysts at JPMorgan Chase & Co. from $242.00 to $255.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 9.10% from the company’s current price.

Other research analysts have also issued research reports about the stock. B. Riley increased their price target on shares of OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of OSI Systems in a research report on Wednesday, October 8th. Roth Capital reissued a “buy” rating and issued a $280.00 price target on shares of OSI Systems in a research report on Wednesday. Oppenheimer raised their price objective on shares of OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Finally, Bank of America raised their price objective on shares of OSI Systems from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, OSI Systems presently has an average rating of “Moderate Buy” and a consensus target price of $256.43.

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded up $2.06 during mid-day trading on Monday, hitting $280.52. The company had a trading volume of 108,886 shares, compared to its average volume of 207,541. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.46. The business’s 50-day simple moving average is $241.62 and its 200-day simple moving average is $228.34. OSI Systems has a 12 month low of $131.34 and a 12 month high of $282.54. The firm has a market cap of $4.76 billion, a P/E ratio of 32.11, a PEG ratio of 2.13 and a beta of 1.32.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 30th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.05. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The business had revenue of $384.62 million during the quarter, compared to analysts’ expectations of $372.03 million. During the same quarter last year, the company earned $1.25 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.200-10.480 EPS. As a group, analysts predict that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, insider Paul Keith Morben sold 1,671 shares of OSI Systems stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $236.76, for a total transaction of $395,625.96. Following the completion of the sale, the insider owned 8,749 shares of the company’s stock, valued at approximately $2,071,413.24. The trade was a 16.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $245.80, for a total transaction of $4,916,000.00. Following the sale, the chairman directly owned 312,969 shares of the company’s stock, valued at $76,927,780.20. This represents a 6.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OSI Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. TradeLink Capital LLC acquired a new position in shares of OSI Systems in the 1st quarter valued at $445,000. Informed Momentum Co LLC acquired a new position in OSI Systems in the 1st quarter worth $4,752,000. Primecap Management Co. CA boosted its stake in OSI Systems by 12.3% in the 1st quarter. Primecap Management Co. CA now owns 334,330 shares of the technology company’s stock worth $64,974,000 after purchasing an additional 36,620 shares during the period. American Century Companies Inc. boosted its stake in OSI Systems by 60.8% in the 1st quarter. American Century Companies Inc. now owns 18,035 shares of the technology company’s stock worth $3,505,000 after purchasing an additional 6,819 shares during the period. Finally, LPL Financial LLC boosted its stake in OSI Systems by 79.4% in the 1st quarter. LPL Financial LLC now owns 15,479 shares of the technology company’s stock worth $3,008,000 after purchasing an additional 6,853 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.