Lisanti Capital Growth LLC bought a new position in shares of MKS Inc. (NASDAQ:MKSI – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,789 shares of the scientific and technical instruments company’s stock, valued at approximately $2,130,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in shares of MKS by 560.0% in the fourth quarter. Global Retirement Partners LLC now owns 165 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. IFP Advisors Inc boosted its holdings in shares of MKS by 616.7% during the 4th quarter. IFP Advisors Inc now owns 172 shares of the scientific and technical instruments company’s stock worth $27,000 after buying an additional 148 shares during the period. Allied Private Wealth LLC bought a new stake in shares of MKS during the 2nd quarter worth $33,000. Clearstead Trust LLC acquired a new position in MKS in the 2nd quarter valued at $36,000. Finally, Danske Bank A S acquired a new position in MKS in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 99.79% of the company’s stock.
MKS Trading Down 6.2%
Shares of MKSI stock opened at $281.60 on Thursday. The firm has a market capitalization of $19.04 billion, a P/E ratio of 44.91, a price-to-earnings-growth ratio of 0.64 and a beta of 1.98. MKS Inc. has a 1 year low of $97.30 and a 1 year high of $447.62. The firm’s fifty day simple moving average is $344.76 and its 200 day simple moving average is $294.03. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.85.
MKS Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. MKS’s dividend payout ratio (DPR) is 15.95%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on MKSI. JPMorgan Chase & Co. boosted their target price on shares of MKS from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. BMO Capital Markets started coverage on MKS in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $453.00 price target on the stock. KeyCorp lifted their price objective on MKS from $360.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $600.00 price objective on shares of MKS in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded MKS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $385.00.
Check Out Our Latest Report on MKS
Insider Buying and Selling at MKS
In other MKS news, Director Gerald G. Colella sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $333.40, for a total value of $6,668,000.00. Following the completion of the transaction, the director owned 20,017 shares of the company’s stock, valued at $6,673,667.80. This represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Tseng-Chung Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $302.01, for a total value of $3,020,100.00. Following the completion of the sale, the chief executive officer owned 134,776 shares of the company’s stock, valued at $40,703,699.76. This represents a 6.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 56,301 shares of company stock valued at $18,036,251 over the last quarter. Company insiders own 0.57% of the company’s stock.
MKS Profile
MKS Instruments, Inc (NASDAQ: MKSI) designs, manufactures and markets technology solutions that enable advanced processes in a variety of high?technology and industrial markets. The company’s core offerings include vacuum and gas delivery systems, pressure and flow measurement instruments, optical metrology tools, photonics subsystems and critical components for manufacturing processes. These products support the precise control and monitoring needs of semiconductor, industrial manufacturing, life and health sciences, and research applications.
The company’s product portfolio features mass flow controllers, pressure transducers, vacuum gauges, gas purity monitors, laser-based metrology systems and photonic devices such as lasers and detectors.
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