Telemark Asset Management LLC Makes New $8.37 Million Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Telemark Asset Management LLC bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 50,000 shares of the technology company’s stock, valued at approximately $8,372,000. Telemark Asset Management LLC owned 0.30% of OSI Systems as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in OSIS. Richardson Financial Services Inc. boosted its position in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC boosted its position in OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after purchasing an additional 195 shares during the period. KBC Group NV boosted its position in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of OSI Systems by 36.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after buying an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock worth $144,000 after buying an additional 383 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

Insider Transactions at OSI Systems

In related news, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now owns 5,000 shares in the company, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the transaction, the insider now owns 78,094 shares in the company, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,365 shares of company stock worth $1,011,508. Insiders own 5.20% of the company’s stock.

OSI Systems Stock Performance

OSI Systems stock opened at $181.66 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The stock has a fifty day moving average price of $188.71 and a two-hundred day moving average price of $166.88. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The firm has a market capitalization of $3.05 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. B. Riley upped their price target on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. assumed coverage on OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price for the company. StockNews.com lowered OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Roth Mkm upped their target price on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Oppenheimer upped their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

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.