Diversified Trust Co bought a new stake in MKS Inc. (NASDAQ:MKSI – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,675 shares of the scientific and technical instruments company’s stock, valued at approximately $385,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in MKS in the fourth quarter worth about $147,453,000. Southpoint Capital Advisors LP acquired a new stake in shares of MKS in the fourth quarter valued at $95,880,000. Westfield Capital Management Co. LP boosted its stake in 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 buying an additional 516,409 shares in the last quarter. Millennium Management LLC grew its holdings in 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 worth $55,232,000 after acquiring an additional 441,432 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in MKS by 63.4% during 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 acquiring an additional 340,645 shares during the period. Institutional investors own 99.79% of the company’s stock.
MKS Stock Performance
Shares of NASDAQ MKSI opened at $388.61 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.11 and a quick ratio of 0.70. MKS Inc. has a one year low of $88.49 and a one year high of $421.58. The business’s 50-day moving average price is $322.93 and its two-hundred day moving average price is $253.50. The company has a market capitalization of $26.25 billion, a P/E ratio of 81.30, a price-to-earnings-growth ratio of 1.17 and a beta of 1.99.
MKS Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Wednesday, June 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 3rd. MKS’s dividend payout ratio (DPR) is presently 20.92%.
Analyst Upgrades and Downgrades
MKSI has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of MKS from $305.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wall Street Zen cut shares of MKS from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. Morgan Stanley lifted their price target on shares of MKS from $354.00 to $374.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $380.00 price target on shares of MKS in a report on Friday, May 8th. Finally, Needham & Company LLC raised their price objective on MKS from $300.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Two investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $343.77.
Insider Transactions at MKS
In other news, EVP David Philip Henry sold 2,500 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $330.50, for a total transaction of $826,250.00. Following the transaction, the executive vice president owned 16,341 shares in the company, valued at $5,400,700.50. This represents a 13.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $333.40, for a total transaction of $6,668,000.00. Following the transaction, the director owned 20,017 shares in the company, valued at $6,673,667.80. This represents a 49.98% 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. Over the last three months, insiders sold 53,949 shares of company stock valued at $17,446,108. Insiders own 0.57% of the company’s stock.
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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