MKS Inc. (NASDAQ:MKSI – Get Free Report) EVP Kathleen Flaherty Burke sold 4,355 shares of MKS stock in a transaction that occurred on Monday, May 11th. The shares were 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 owned 49,439 shares in the company, valued at $15,817,513.66. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Kathleen Flaherty Burke also recently made the following trade(s):
- On Friday, February 20th, Kathleen Flaherty Burke sold 4,254 shares of MKS stock. The shares were sold at an average price of $250.00, for a total transaction of $1,063,500.00.
MKS Price Performance
NASDAQ MKSI opened at $317.31 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.11 and a debt-to-equity ratio of 0.94. MKS Inc. has a 12-month low of $80.22 and a 12-month high of $326.83. The company 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. The firm’s 50 day moving average is $254.57 and its 200-day moving average is $210.56.
MKS Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date is Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. MKS’s dividend payout ratio (DPR) is 20.92%.
Hedge Funds Weigh In On MKS
A number of institutional investors have recently added to or reduced their stakes in MKSI. Penserra Capital Management LLC increased its holdings in shares of MKS by 43.4% in the third quarter. Penserra Capital Management LLC now owns 295,963 shares of the scientific and technical instruments company’s stock valued at $36,631,000 after purchasing an additional 89,502 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of MKS in the third quarter valued at $1,020,000. Oliver Luxxe Assets LLC acquired a new position in shares of MKS in the fourth quarter valued at $3,618,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of MKS by 553.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,371 shares of the scientific and technical instruments company’s stock valued at $912,000 after purchasing an additional 6,243 shares during the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in shares of MKS by 2.3% in the third quarter. Mizuho Markets Americas LLC now owns 304,831 shares of the scientific and technical instruments company’s stock valued at $37,729,000 after purchasing an additional 6,725 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on MKSI shares. KeyCorp lifted their price objective on shares of MKS from $310.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of MKS from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $380.00 target price on shares of MKS in a report on Friday, May 8th. Needham & Company LLC boosted their target price on shares of MKS from $300.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MKS in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $317.23.
Check Out Our Latest Stock Report on MKS
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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