Masimo Corp. (NASDAQ:MASI) reached a new 52-week high on Monday . The company traded as high as $59.90 and last traded at $59.90, with a volume of 269,400 shares changing hands. The stock had previously closed at $59.43.

A number of research firms have recently weighed in on MASI. BTIG Research restated a “hold” rating on shares of Masimo Corp. in a research note on Friday, August 5th. Piper Jaffray Cos. restated an “overweight” rating and issued a $55.00 price target (up from $52.00) on shares of Masimo Corp. in a research note on Friday, August 5th. Wedbush reiterated an “outperform” rating and set a $63.00 target price (up from $60.00) on shares of Masimo Corp. in a research report on Thursday, August 4th. Finally, Raymond James Financial Inc. downgraded shares of Masimo Corp. from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.60.

The stock has a 50-day moving average of $56.02 and a 200-day moving average of $47.76. The stock has a market capitalization of $2.96 billion and a PE ratio of 31.41.

Masimo Corp. (NASDAQ:MASI) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.16. The company had revenue of $172.64 million for the quarter, compared to the consensus estimate of $166.02 million. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. Equities research analysts forecast that Masimo Corp. will post $2.02 earnings per share for the current year.

In other news, CEO Joe E. Kiani sold 65,048 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $50.00, for a total transaction of $3,252,400.00. Following the sale, the chief executive officer now directly owns 175,818 shares in the company, valued at $8,790,900. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sanford Fitch sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $52.62, for a total value of $105,240.00. Following the sale, the director now owns 56,000 shares in the company, valued at $2,946,720. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Masimo Corp. stock. State of Tennessee Treasury Department increased its stake in shares of Masimo Corp. (NASDAQ:MASI) by 41.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 155,800 shares of the company’s stock after buying an additional 45,800 shares during the period. State of Tennessee Treasury Department owned approximately 0.31% of Masimo Corp. worth $6,467,000 as of its most recent SEC filing.

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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