Envestnet Asset Management Inc. Increases Stock Position in MKS Inc. (NASDAQ:MKSI)

Envestnet Asset Management Inc. grew its stake in shares of MKS Inc. (NASDAQ:MKSI) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,765 shares of the scientific and technical instruments company’s stock after buying an additional 15,482 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of MKS worth $8,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MKSI. Proficio Capital Partners LLC purchased a new position in MKS in the fourth quarter worth about $36,000. TD Private Client Wealth LLC bought a new stake in shares of MKS in the fourth quarter worth approximately $39,000. Parallel Advisors LLC grew its position in MKS by 89.3% during the first quarter. Parallel Advisors LLC now owns 581 shares of the scientific and technical instruments company’s stock valued at $47,000 after buying an additional 274 shares during the period. Harvest Fund Management Co. Ltd grew its position in MKS by 24,900.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 500 shares of the scientific and technical instruments company’s stock valued at $52,000 after buying an additional 498 shares during the period. Finally, Quarry LP grew its position in MKS by 1,330.9% during the fourth quarter. Quarry LP now owns 787 shares of the scientific and technical instruments company’s stock valued at $82,000 after buying an additional 732 shares during the period. Institutional investors own 99.79% of the company’s stock.

Insider Buying and Selling

In related news, EVP David Philip Henry sold 2,000 shares of MKS stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president directly owned 20,571 shares of the company’s stock, valued at $2,159,955. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.51% of the company’s stock.

MKS Trading Down 1.3%

Shares of MKS stock opened at $103.34 on Tuesday. The company has a quick ratio of 1.96, a current ratio of 3.11 and a debt-to-equity ratio of 1.87. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.18 and a beta of 1.88. The business has a fifty day simple moving average of $94.38 and a 200-day simple moving average of $92.01. MKS Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $133.05.

MKS (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.29. The firm had revenue of $936.00 million for the quarter, compared to analyst estimates of $913.59 million. MKS had a return on equity of 20.67% and a net margin of 6.21%. MKS’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. On average, equities analysts forecast that MKS Inc. will post 6.94 EPS for the current fiscal year.

MKS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, May 27th. MKS’s dividend payout ratio is currently 26.27%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of MKS in a research report on Thursday, July 10th. They set a “sell” rating and a $90.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of MKS from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Needham & Company LLC dropped their target price on shares of MKS from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of MKS from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, May 20th. Finally, Mizuho increased their price target on shares of MKS from $105.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.80.

MKS Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.