James B. Hawkins (NASDAQ:HWKN), a director at OSI Systems Inc. (NASDAQ:OSIS), recently sold 2,000 shares of the company's common stock. The timing is notable as the stock has delivered an impressive 51% return over the past year and is currently trading near its 52-week high of $188.44. The sale, executed on December 10, was completed at a weighted average price of $182.62 per share, resulting in a total transaction value of $365,240. Following this sale, Hawkins retains ownership of 6,396 shares in the company. The transaction was conducted in multiple trades with prices ranging from $182.50 to $183.10. With analysts setting price targets between $178 and $205, InvestingPro subscribers can access 12 additional key insights about OSI Systems' valuation and momentum indicators to make more informed investment decisions.
In other recent news, OSI Systems has reported a robust start to fiscal year 2025, with a 23% increase in revenue to $344 million, primarily driven by its Security division, and non-GAAP adjusted earnings per share of $1.25. The company has also raised 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 appointed Ajay Mehra as the new President and Chief Executive Officer, succeeding Deepak Chopra, who will become the Executive Chairman of the Board. In addition, the company secured a $6 million order from a leading healthcare equipment manufacturer for the provision of optical sensors, and another $6 million order from a U.S. hospital system for patient monitoring solutions. Oppenheimer has raised OSI Systems' target to $205 from $175, reflecting a positive outlook for the company.
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