TT International Asset Management LTD raised its position in MKS Inc. (NASDAQ:MKSI – Free Report) by 267.8% during the third quarter, HoldingsChannel.com reports. The firm owned 4,961 shares of the scientific and technical instruments company’s stock after buying an additional 3,612 shares during the quarter. MKS comprises 0.1% of TT International Asset Management LTD’s investment portfolio, making the stock its 21st biggest position. TT International Asset Management LTD’s holdings in MKS were worth $1,316,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Carolina Wealth Advisors LLC grew its holdings in shares of MKS by 47.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 87 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 28 shares during the period. Angeles Wealth Management LLC increased its position in MKS by 4.8% during the 2nd quarter. Angeles Wealth Management LLC now owns 917 shares of the scientific and technical instruments company’s stock worth $408,000 after purchasing an additional 42 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in MKS during the 2nd quarter worth approximately $25,000. North Dakota State Investment Board raised its holdings in MKS by 2.9% in the third quarter. North Dakota State Investment Board now owns 2,054 shares of the scientific and technical instruments company’s stock valued at $545,000 after buying an additional 57 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in MKS by 2.9% in the second quarter. Baird Financial Group Inc. now owns 2,252 shares of the scientific and technical instruments company’s stock valued at $1,002,000 after buying an additional 63 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MKSI has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of MKS from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $360.00 price objective on shares of MKS in a research note on Friday, July 31st. Weiss Ratings lowered shares of MKS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. raised their target price on shares of MKS from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company lifted their target price on shares of MKS from $300.00 to $325.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, MKS currently has an average rating of “Moderate Buy” and an average price target of $374.86.
View Our Latest Report on MKSI
MKS Price Performance
Shares of NASDAQ MKSI opened at $205.18 on Wednesday. MKS Inc. has a 1-year low of $134.74 and a 1-year high of $447.62. The business has a 50-day moving average of $245.12 and a 200-day moving average of $277.30. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 0.72. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 0.41 and a beta of 2.14.
MKS (NASDAQ:MKSI – Get Free Report) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.39. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. MKS had a return on equity of 24.72% and a net margin of 10.15%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 earnings per share. On average, equities analysts anticipate that MKS Inc. will post 13.14 EPS for the current fiscal year.
Insider Activity at MKS
In other MKS news, Director Elizabeth Mora sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $250.96, for a total value of $75,288.00. Following the completion of the transaction, the director owned 18,845 shares in the company, valued at $4,729,341.20. This represents a 1.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 company’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 transaction, the chief executive officer owned 134,776 shares of the company’s stock, valued at approximately $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 own 0.57% of the company’s stock.
MKS Profile
MKS Instruments, Inc (NASDAQ: MKSI) develops technologies that enable precision control and measurement in manufacturing and research environments. The company provides instruments, components, systems and process-control solutions used to measure and control pressure, flow, vacuum, gas delivery, temperature and other critical production conditions.
Its product portfolio includes vacuum solutions, pressure and flow-control instruments, gas and vapor delivery systems, plasma and reactive-gas technologies, power delivery systems, process-monitoring equipment, analytical instruments and materials-characterization tools.
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