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Manoocher M. Aliabadi, the President of the Optoelectronics Division at OSI Systems Inc. (NASDAQ:OSIS), recently sold a significant portion of his holdings in the company. The $3.1 billion market cap company has seen impressive momentum, with the stock up 37% over the past six months and currently trading near its 52-week high of $189.02. According to InvestingPro analysis, technical indicators suggest the stock is in overbought territory. According to a recent SEC filing, Aliabadi disposed of 2,509 shares of common stock on December 13, 2024. The shares were sold at a weighted average price of $180.02, resulting in a total transaction value of approximately $451,670.
Following this transaction, Aliabadi retains ownership of 78,094 shares in OSI Systems. The sale was executed in multiple trades, with prices ranging from $180.00 to $180.26 per share.
In other recent news, OSI Systems has reported a series of significant developments. The company's Q1 revenue for fiscal year 2025 increased by 23% to $344 million, primarily driven by its Security division, along with non-GAAP adjusted earnings per share of $1.25. OSI Systems has also revised its revenue guidance for fiscal '25 to between $1.67 billion and $1.695 billion, and non-GAAP diluted EPS guidance to $9 to $9.30 per share.
OSI Systems has also secured two $6 million orders, one from a leading healthcare equipment manufacturer for optical sensors and another from a U.S. hospital system for patient monitoring solutions. These orders highlight the company's ongoing commitment to its customers and its ability to meet specialized needs in the healthcare industry.
In leadership changes, Ajay Mehra, currently the Executive Vice President and President of the Security division, has been appointed as the new President and Chief Executive Officer, succeeding Deepak Chopra, who will become the Executive Chairman of the Board. This appointment follows Mehra's successful tenure as the President of the company's Security division and Executive Vice President.
Lastly, Oppenheimer has raised the company's target to $205 from $175, indicating a positive outlook for OSI Systems. The analyst from Oppenheimer highlighted Mehra's significant contributions to OSI's development into a leading global provider of ports and borders security screening solutions.
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