Health Care Equipment

Needham analyst N. Quinn Bolton saw a slowdown in demand across most end markets coupled with several quarters of inventory purge is likely to significantly decrease semiconductor sales in C2H22 and 2023 from original base case estimates.  His data analysis and other macro influences...

Masimo Corp's (NASDAQ: MASI) Q1 revenue increased 1.7% Y/Y (+3.2% on a constant currency basis) to $304.2 million, beating the consensus of $303.83 million. Excluding handheld and fingertip pulse oximeters, shipments of noninvasive technology boards and instruments were 75,700...

Masimo Corp (NASDAQ: MASI) expects Q1 FY22 product revenue of $285 million - $315 million, lower than expected. Shortages of critical components and other supply chain issues, including freight carrier delays, have led to lower-than-expected sales in the first quarter. Related:  Joe...

Goldman Sachs raised the price target on Consolidated Edison, Inc. (NYSE: ED) from $65 to $83. Consolidated Edison shares rose 0.5% to trade at $95.24 on Thursday. Canaccord Genuity cut Motorsport Games Inc. (NASDAQ: MSGM) price target from $12 to $5. Motorsport Games shares fell 27.2% to $1....

Needham has upgraded Masimo Corp (NASDAQ: MASI) to Buy from Hold with a $205 price target.  According to analyst Mike Matson, the selloff in the stock following the company's Sound United acquisition was "overdone" as the deal should prove to be highly...

Gainers HOOKIPA Pharma Inc. (NASDAQ: HOOK) gained 54.5% to close at $2.07 on Wednesday. Hookipa Pharma amended and restated collaboration and license agreement with Gilead Sciences for arenaviral immunotherapy as a component of a potential functional curative regimen for human immunodeficiency...

US stocks pared losses toward the end of trading on Wednesday following the release of Fed minutes. The Dow traded down 0.09% to 34,957.54 while the NASDAQ fell 0.17% to 14,115.37. The S&P, however, gained 0.15% to 4,477.98. Check out this: Insiders Buy More Than $18M Of 4 Stocks Leading and...

US stocks traded lower midway through trading on Wednesday ahead of the release of Fed minutes. The Dow traded down 0.59% to 34,783.36 while the NASDAQ fell 0.92% to 14,009.57. The S&P also fell, dropping, 0.52% to 4,447.84. Check out this: Insiders Buy More Than $18M Of 4 Stocks Leading and...

Gainers HOOKIPA Pharma Inc. (NASDAQ: HOOK) jumped 52.8% to $2.0478. Hookipa Pharma amended and restated collaboration and license agreement with Gilead Sciences for arenaviral immunotherapy as a component of a potential functional curative regimen for human immunodeficiency virus (HIV). Upstart...

US stocks opened on a downbeat note this morning following the release of several economic reports. Following the market opening Wednesday, the Dow traded down 0.57% to 34,789.78 while the NASDAQ fell 1.32% to 13,953.73. The S&P also fell, dropping, 0.76% to 4,437.27. Check out this: Insiders...

Masimo Corp's (NASDAQ: MASI) Q4 product revenue increased 11% Y/Y to $327.6 million, or 11.5% on a constant currency basis, beating the consensus of $320.93 million. Excluding handheld and fingertip pulse oximeters, shipments of noninvasive technology boards and instruments were 76,...

Needham raised Airbnb, Inc. (NASDAQ: ABNB) price target from $210 to $220. Airbnb shares rose 3.1% to $185.70 in pre-market trading. Piper Sandler lowered the price target for Masimo Corporation (NASDAQ: MASI) from $330 to $200. Masimo shares fell 6.1% to $215.00 in pre-market trading. Goldman...

Argus Research raised Tesla, Inc. (NASDAQ: TSLA) price target from $1,010 to $1,313. Tesla shares rose 1.8% to $1,113.84 in pre-market trading. Needham boosted the price target for Ciena Corporation (NYSE: CIEN) from $80 to $88. Ciena shares rose 0.1% to $77.25 in pre-market trading. Stifel...

MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) completed the sale of its equity interest in Ampere Computing Holdings LLC to Denver Acquisition Corp for a predetermined cash consideration amount of ~$127.7 million. Ampere was established in 2017 when MACOM divested its ARM-...

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading...