SEB Asset Management AB bought a new stake in shares of MKS Inc. (NASDAQ:MKSI – Free Report) during the first quarter, HoldingsChannel.com reports. The fund bought 52,000 shares of the scientific and technical instruments company’s stock, valued at approximately $11,950,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of MKSI. Norges Bank purchased a new stake in MKS in the fourth quarter worth $147,453,000. Southpoint Capital Advisors LP bought a new stake in shares of MKS during the fourth quarter worth $95,880,000. Westfield Capital Management Co. LP boosted its stake in shares of MKS by 159.7% during the fourth quarter. Westfield Capital Management Co. LP now owns 839,773 shares of the scientific and technical instruments company’s stock valued at $134,196,000 after purchasing an additional 516,409 shares during the period. Millennium Management LLC boosted its stake in shares of MKS by 9,165.9% during the third quarter. Millennium Management LLC now owns 446,248 shares of the scientific and technical instruments company’s stock valued at $55,232,000 after purchasing an additional 441,432 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in shares of MKS by 63.4% in the second quarter. Rafferty Asset Management LLC now owns 878,114 shares of the scientific and technical instruments company’s stock worth $87,249,000 after purchasing an additional 340,645 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $380.00 price target on shares of MKS in a research report on Friday, May 8th. TD Cowen restated a “buy” rating on shares of MKS in a report on Thursday, May 7th. Mizuho upped their price target on shares of MKS from $400.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $265.00 price objective on shares of MKS in a research report on Thursday, May 7th. Finally, Wells Fargo & Company raised their target price on shares of MKS from $255.00 to $300.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MKS currently has an average rating of “Moderate Buy” and an average target price of $380.00.
Insider Buying and Selling at MKS
In other MKS news, Director Gerald G. Colella sold 20,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $333.40, for a total value of $6,668,000.00. Following the completion of the sale, the director owned 20,017 shares in the company, valued at approximately $6,673,667.80. This represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ramakumar Mayampurath sold 8,810 shares of MKS stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $315.48, for a total value of $2,779,378.80. Following the transaction, the chief financial officer owned 1 shares in the company, valued at approximately $315.48. The trade was a 99.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 53,949 shares of company stock valued at $17,446,108. 0.57% of the stock is owned by insiders.
MKS Stock Performance
NASDAQ MKSI opened at $324.28 on Tuesday. MKS Inc. has a fifty-two week low of $88.49 and a fifty-two week high of $447.62. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.70 and a current ratio of 1.11. The firm has a market capitalization of $21.90 billion, a P/E ratio of 67.84, a PEG ratio of 0.92 and a beta of 1.93. The stock has a 50-day simple moving average of $348.94 and a two-hundred day simple moving average of $277.20.
MKS (NASDAQ:MKSI – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.30. MKS had a net margin of 8.06% and a return on equity of 21.49%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $1.71 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. MKS has set its Q2 2026 guidance at 2.600-3.200 EPS. On average, equities analysts forecast that MKS Inc. will post 11.77 earnings per share for the current year.
MKS Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, June 3rd. MKS’s payout ratio is 20.92%.
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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