OneDigital Investment Advisors LLC bought a new position in MKS Inc. (NASDAQ:MKSI – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund bought 2,060 shares of the scientific and technical instruments company’s stock, valued at approximately $255,000.
A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of MKS by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 7,752,097 shares of the scientific and technical instruments company’s stock worth $959,477,000 after purchasing an additional 295,480 shares during the period. Cooke & Bieler LP increased its holdings in MKS by 7.7% during the third quarter. Cooke & Bieler LP now owns 1,321,877 shares of the scientific and technical instruments company’s stock valued at $163,609,000 after buying an additional 94,692 shares during the last quarter. Geode Capital Management LLC raised its position in MKS by 2.9% in the second quarter. Geode Capital Management LLC now owns 1,258,108 shares of the scientific and technical instruments company’s stock worth $125,025,000 after acquiring an additional 35,065 shares during the period. Channing Capital Management LLC boosted its stake in shares of MKS by 79.3% during the 2nd quarter. Channing Capital Management LLC now owns 991,298 shares of the scientific and technical instruments company’s stock worth $98,495,000 after acquiring an additional 438,338 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of MKS by 44.2% during the 2nd quarter. Bank of America Corp DE now owns 982,643 shares of the scientific and technical instruments company’s stock valued at $97,635,000 after acquiring an additional 301,223 shares during the period. 99.79% of the stock is currently owned by institutional investors.
MKS Stock Performance
NASDAQ MKSI opened at $244.46 on Monday. The company has a quick ratio of 1.71, a current ratio of 2.71 and a debt-to-equity ratio of 1.53. MKS Inc. has a twelve month low of $54.84 and a twelve month high of $269.91. The business has a 50-day moving average price of $214.24 and a 200-day moving average price of $162.09. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 55.94, a price-to-earnings-growth ratio of 1.34 and a beta of 1.93.
MKS Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Monday, February 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, February 23rd. This is an increase from MKS’s previous quarterly dividend of $0.22. MKS’s dividend payout ratio is presently 22.88%.
Analyst Ratings Changes
A number of brokerages recently commented on MKSI. Needham & Company LLC raised their target price on MKS from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft upped their price target on MKS from $265.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Bank of America lifted their price objective on MKS from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. TD Cowen increased their target price on shares of MKS from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of MKS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.46.
Check Out Our Latest Stock Analysis on MKSI
Insiders Place Their Bets
In related news, Director Jacqueline F. Moloney sold 829 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $247.55, for a total value of $205,218.95. Following the sale, the director directly owned 10,733 shares in the company, valued at approximately $2,656,954.15. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald G. Colella sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 40,017 shares of the company’s stock, valued at approximately $10,163,117.49. The trade was a 19.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 63,595 shares of company stock worth $16,183,893. 0.51% of the stock is owned by corporate 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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