Infrastructure Capital Advisors LLC purchased a new stake in shares of MKS Inc. (NASDAQ:MKSI – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 2,014 shares of the scientific and technical instruments company’s stock, valued at approximately $896,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Maxi Investments CY Ltd bought a new stake in shares of MKS during the second quarter worth $870,000. Cibc World Market Inc. bought a new position in shares of MKS in the 2nd quarter valued at $274,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of MKS during the 2nd quarter valued at $534,000. Sanctuary Advisors LLC bought a new stake in MKS during the 2nd quarter worth $3,512,000. Finally, Wealth High Governance Capital Ltda bought a new stake in MKS during the 2nd quarter worth $12,276,000. Institutional investors own 99.79% of the company’s stock.
MKS Price Performance
Shares of NASDAQ MKSI opened at $279.11 on Monday. 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 52-week low of $97.50 and a 52-week high of $447.62. The company’s 50 day moving average price is $341.95 and its 200-day moving average price is $294.68. The company has a market capitalization of $18.87 billion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 0.59 and a beta of 1.98.
MKS Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.00 annualized dividend and a yield of 0.4%. MKS’s payout ratio is currently 15.95%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on MKS from $365.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded MKS from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Bank of America upped their price objective on MKS from $380.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company lifted their target price on shares of MKS from $300.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of MKS from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $385.00.
Get Our Latest Research Report on MKSI
Insider Transactions at MKS
In related news, Director Joseph B. Donahue sold 2,100 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $327.95, for a total value of $688,695.00. Following the transaction, the director directly owned 10,033 shares of the company’s stock, valued at approximately $3,290,322.35. The trade was a 17.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Tseng-Chung Lee sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 134,776 shares of the company’s stock, valued at $40,703,699.76. This trade represents a 6.91% decrease in their position. 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 three months, insiders have sold 37,491 shares of company stock worth $12,102,072. Company insiders own 0.57% of the company’s stock.
About MKS
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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