Swiss Life Asset Management Ltd boosted its position in shares of MKS Inc. (NASDAQ:MKSI – Free Report) by 59.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,948 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,841 shares during the period. Swiss Life Asset Management Ltd’s holdings in MKS were worth $791,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in MKS by 6.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 898 shares of the scientific and technical instruments company’s stock valued at $144,000 after purchasing an additional 58 shares in the last quarter. Tectonic Advisors LLC raised its position in MKS by 2.7% during the fourth quarter. Tectonic Advisors LLC now owns 3,112 shares of the scientific and technical instruments company’s stock valued at $497,000 after purchasing an additional 83 shares in the last quarter. MAI Capital Management raised its position in MKS by 10.6% during the third quarter. MAI Capital Management now owns 1,057 shares of the scientific and technical instruments company’s stock valued at $131,000 after purchasing an additional 101 shares in the last quarter. Smartleaf Asset Management LLC raised its position in MKS by 74.5% during the third quarter. Smartleaf Asset Management LLC now owns 260 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in MKS by 26.6% during the third quarter. Larson Financial Group LLC now owns 533 shares of the scientific and technical instruments company’s stock valued at $66,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.
MKS Stock Performance
NASDAQ MKSI opened at $303.17 on Friday. The firm’s fifty day moving average price is $257.56 and its two-hundred day moving average price is $212.40. The stock has a market cap of $20.48 billion, a PE ratio of 63.42, a PEG ratio of 1.12 and a beta of 1.98. MKS Inc. has a fifty-two week low of $80.22 and a fifty-two week high of $326.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.70 and a current ratio of 1.11.
MKS Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Wednesday, June 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. MKS’s payout ratio is currently 20.92%.
Insider Buying and Selling
In related news, Director Gerald G. Colella sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $253.97, for a total value of $2,539,700.00. Following the sale, the director owned 40,017 shares of the company’s stock, valued at $10,163,117.49. The trade was a 19.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Elizabeth Mora sold 300 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $239.44, for a total transaction of $71,832.00. Following the completion of the sale, the director directly owned 18,663 shares in the company, valued at approximately $4,468,668.72. This represents a 1.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 75,258 shares of company stock valued at $19,440,224 over the last quarter. 0.57% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of MKS from $305.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of MKS from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. TD Cowen restated a “buy” rating on shares of MKS in a research report on Thursday, May 7th. Mizuho set a $320.00 price objective on shares of MKS in a research report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $380.00 price objective on shares of MKS in a research report on Friday, May 8th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, MKS presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.23.
Read Our Latest Research Report on MKSI
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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