Diversified Trust Co acquired a new position in shares of MKS Inc. (NASDAQ:MKSI – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,675 shares of the scientific and technical instruments company’s stock, valued at approximately $385,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its holdings in shares of MKS by 14.7% in the 4th quarter. Covestor Ltd now owns 390 shares of the scientific and technical instruments company’s stock valued at $63,000 after purchasing an additional 50 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of MKS by 10.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 530 shares of the scientific and technical instruments company’s stock worth $85,000 after buying an additional 50 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of MKS by 1.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,335 shares of the scientific and technical instruments company’s stock worth $693,000 after buying an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of MKS by 6.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 898 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 58 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in MKS by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,028 shares of the scientific and technical instruments company’s stock valued at $2,401,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.
MKS Price Performance
Shares of MKSI opened at $388.61 on Friday. MKS Inc. has a 52 week low of $88.49 and a 52 week high of $421.58. The company has a current ratio of 1.11, a quick ratio of 0.70 and a debt-to-equity ratio of 0.94. The firm has a market cap of $26.25 billion, a price-to-earnings ratio of 81.30, a PEG ratio of 1.17 and a beta of 1.99. The stock has a 50 day moving average of $322.93 and a 200-day moving average of $253.50.
MKS Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Wednesday, June 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. MKS’s dividend payout ratio (DPR) is 20.92%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on MKSI. Weiss Ratings reissued a “hold (c)” rating on shares of MKS in a research report on Tuesday, April 21st. Mizuho set a $400.00 price objective on MKS in a research note on Wednesday, May 27th. Cantor Fitzgerald boosted their target price on MKS from $300.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group reissued a “sell” rating and set a $265.00 target price on shares of MKS in a research report on Thursday, May 7th. Finally, Bank of America lifted their price target on shares of MKS from $380.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MKS presently has an average rating of “Moderate Buy” and a consensus target price of $343.77.
Get Our Latest Stock Analysis on MKSI
Insider Buying and Selling at MKS
In related news, EVP David Philip Henry sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $330.50, for a total transaction of $826,250.00. Following the completion of the transaction, the executive vice president owned 16,341 shares in the company, valued at $5,400,700.50. The trade was a 13.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gerald G. Colella sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $333.40, for a total value of $6,668,000.00. Following the transaction, the director owned 20,017 shares of the company’s stock, valued at approximately $6,673,667.80. The trade was a 49.98% decrease in their ownership of the stock. 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 worth $17,446,108. 0.57% of the stock is owned by company insiders.
MKS 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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