Wealth High Governance Capital Ltda bought a new position in MKS Inc. (NASDAQ:MKSI – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 27,600 shares of the scientific and technical instruments company’s stock, valued at approximately $12,276,000. MKS comprises about 3.7% of Wealth High Governance Capital Ltda’s holdings, making the stock its 12th biggest position.
Several other hedge funds and other institutional investors have also bought and sold shares of MKSI. Carolina Wealth Advisors LLC grew its stake in shares of MKS by 47.5% in the second quarter. Carolina Wealth Advisors LLC now owns 87 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 28 shares during the period. Blue Trust Inc. raised its holdings in shares of MKS by 1.1% during the first quarter. Blue Trust Inc. now owns 4,274 shares of the scientific and technical instruments company’s stock valued at $982,000 after purchasing an additional 47 shares during the last quarter. Covestor Ltd raised its holdings in shares of MKS by 14.7% during the fourth quarter. Covestor Ltd now owns 390 shares of the scientific and technical instruments company’s stock valued at $63,000 after purchasing an additional 50 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in MKS by 10.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 530 shares of the scientific and technical instruments company’s stock valued at $85,000 after purchasing an additional 50 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in MKS by 1.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,335 shares of the scientific and technical instruments company’s stock worth $693,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.
MKS Stock Performance
NASDAQ:MKSI opened at $279.11 on Monday. MKS Inc. has a one year low of $97.50 and a one year high of $447.62. The business has a fifty day moving average price of $341.95 and a 200-day moving average price of $294.68. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 0.59 and a beta of 1.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 0.72.
MKS Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 25th. MKS’s payout ratio is presently 15.95%.
Insider Activity
In other MKS news, Director Joseph B. Donahue sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $327.95, for a total transaction of $688,695.00. Following the sale, the director owned 10,033 shares in the company, valued at approximately $3,290,322.35. This trade represents a 17.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald G. Colella sold 20,000 shares of MKS stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $333.40, for a total transaction of $6,668,000.00. Following the transaction, the director directly owned 20,017 shares in the company, valued at $6,673,667.80. This represents a 49.98% 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. Over the last quarter, insiders sold 37,491 shares of company stock worth $12,102,072. 0.57% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $360.00 target price on shares of MKS in a research report on Friday, July 31st. Needham & Company LLC increased their price target on MKS from $360.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Bank of America raised their price target on MKS from $380.00 to $500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their price objective on MKS from $365.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded MKS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.00.
View Our Latest Research Report on MKSI
MKS Company 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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