Quantbot Technologies LP bought a new stake in shares of MKS Inc. (NASDAQ:MKSI – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,715 shares of the scientific and technical instruments company’s stock, valued at approximately $3,432,000.
Several other large investors have also added to or reduced their stakes in MKSI. Fourier Capital Management Ltd acquired a new stake in shares of MKS during the 2nd quarter worth approximately $13,281,000. Harber Asset Management LLC bought a new position in MKS during the second quarter worth $4,048,000. Landscape Capital Management L.L.C. bought a new position in MKS during the second quarter worth $345,000. EP Wealth Advisors LLC acquired a new stake in MKS in the second quarter worth $1,483,000. Finally, Rakuten Securities Inc. acquired a new stake in MKS in the second quarter worth $40,000. Institutional investors and hedge funds own 99.79% of the company’s stock.
MKS Price Performance
Shares of NASDAQ MKSI opened at $279.11 on Monday. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 0.59 and a beta of 1.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.72 and a current ratio of 1.14. MKS Inc. has a fifty-two week low of $97.50 and a fifty-two week high of $447.62. The firm’s 50-day simple moving average is $341.95 and its 200 day simple moving average is $294.68.
MKS Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. MKS’s payout ratio is presently 15.95%.
Insider Buying and Selling at MKS
In other MKS news, CEO John Tseng-Chung Lee sold 10,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $302.01, for a total transaction of $3,020,100.00. Following the transaction, the chief executive officer directly owned 134,776 shares in the company, valued at approximately $40,703,699.76. This trade represents a 6.91% decrease in their position. The sale 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, CAO Michelle M. Mccarthy sold 2,434 shares of MKS stock in a transaction on Friday, June 5th. The stock was sold at an average price of $315.23, for a total transaction of $767,269.82. Following the transaction, the chief accounting officer directly owned 2 shares in the company, valued at $630.46. This represents a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 37,491 shares of company stock valued at $12,102,072 in the last three months. Insiders own 0.57% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on MKSI. Weiss Ratings raised shares of MKS from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company raised their target price on MKS from $300.00 to $325.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $360.00 target price on MKS in a research report on Friday, July 31st. Wall Street Zen raised MKS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $600.00 price target on shares of MKS in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MKS presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.00.
Check Out Our Latest Analysis 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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