Ballentine Partners LLC purchased a new position in shares of MKS Inc. (NASDAQ:MKSI – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,577 shares of the scientific and technical instruments company’s stock, valued at approximately $252,000.
A number of other institutional investors and hedge funds have also modified their holdings of MKSI. USA Financial Formulas bought a new stake in shares of MKS during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its stake in shares of MKS by 74.5% during the third quarter. Smartleaf Asset Management LLC now owns 260 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 111 shares during the last quarter. Danske Bank A S bought a new stake in shares of MKS during the third quarter worth approximately $37,000. Winnow Wealth LLC bought a new stake in shares of MKS during the third quarter worth approximately $38,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in MKS by 1,734.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 422 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 399 shares during the period. 99.79% of the stock is owned by institutional investors.
MKS Stock Up 1.8%
MKS stock opened at $317.31 on Thursday. The stock has a market capitalization of $21.43 billion, a PE ratio of 66.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.98. MKS Inc. has a twelve month low of $80.22 and a twelve month high of $326.83. The company has a quick ratio of 0.70, a current ratio of 1.11 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average of $254.57 and a 200-day moving average of $210.56.
MKS Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, June 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 3rd. MKS’s dividend payout ratio is 20.92%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on MKSI. Wells Fargo & Company boosted their price objective on shares of MKS from $255.00 to $300.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Mizuho set a $320.00 price objective on shares of MKS in a report on Thursday, February 19th. Cantor Fitzgerald boosted their price objective on shares of MKS from $300.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Morgan Stanley restated an “overweight” rating and set a $354.00 price objective on shares of MKS in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of MKS from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $317.23.
Insider Buying and Selling
In other news, CEO John Tseng-Chung Lee sold 30,000 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $256.77, for a total value of $7,703,100.00. Following the sale, the chief executive officer owned 154,696 shares of the company’s stock, valued at $39,721,291.92. The trade was a 16.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen Flaherty Burke sold 4,355 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $319.94, for a total transaction of $1,393,338.70. Following the completion of the sale, the executive vice president directly owned 49,439 shares in the company, valued at approximately $15,817,513.66. This represents a 8.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 72,858 shares of company stock valued at $18,681,438. 0.57% of the stock is owned by corporate insiders.
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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