Masimo Corp. (NASDAQ:MASI) saw unusually-strong trading volume on Friday . Approximately 759,692 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 568,631 shares.The stock last traded at $52.33 and had previously closed at $51.99.

A number of equities research analysts have weighed in on MASI shares. Roth Capital upped their price objective on shares of Masimo Corp. from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Piper Jaffray Cos. upgraded shares of Masimo Corp. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $43.00 to $52.00 in a research note on Thursday, May 5th. Wedbush upped their target price on shares of Masimo Corp. from $51.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, May 5th. Zacks Investment Research upgraded shares of Masimo Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Friday, May 6th. Finally, Raymond James Financial Inc. downgraded shares of Masimo Corp. from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $50.80.

The company has a market cap of $2.56 billion and a P/E ratio of 30.84. The firm’s 50-day moving average price is $50.95 and its 200 day moving average price is $42.78.

Masimo Corp. (NASDAQ:MASI) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $171.20 million for the quarter, compared to the consensus estimate of $165.25 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts expect that Masimo Corp. will post $1.83 EPS for the current year.

In other Masimo Corp. news, insider Rick Fishel sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $49.85, for a total transaction of $1,246,250.00. Following the transaction, the insider now owns 52,022 shares of the company’s stock, valued at approximately $2,593,296.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jon Coleman sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $44.00, for a total transaction of $176,000.00. Following the transaction, the insider now directly owns 4,459 shares in the company, valued at approximately $196,196. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. California State Teachers Retirement System increased its position in Masimo Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 81,062 shares of the company’s stock worth $3,365,000 after buying an additional 1,288 shares during the period. New York State Common Retirement Fund increased its position in Masimo Corp. by 2.0% in the fourth quarter. New York State Common Retirement Fund now owns 65,782 shares of the company’s stock worth $2,731,000 after buying an additional 1,300 shares during the period. Rhumbline Advisers increased its position in Masimo Corp. by 7.6% in the fourth quarter. Rhumbline Advisers now owns 54,693 shares of the company’s stock worth $2,270,000 after buying an additional 3,845 shares during the period. Globeflex Capital L P increased its position in Masimo Corp. by 17.5% in the fourth quarter. Globeflex Capital L P now owns 34,900 shares of the company’s stock worth $1,449,000 after buying an additional 5,200 shares during the period. Finally, Principal Financial Group Inc. increased its position in Masimo Corp. by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 307,924 shares of the company’s stock worth $12,782,000 after buying an additional 8,534 shares during the period.

Masimo Corporation is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products. The Company’s business is measure-through-motion and low-perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include monitoring blood constituents with an optical signature, optical organ oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring.

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