Parallel Advisors LLC Grows Holdings in MKS Inc. $MKSI

Parallel Advisors LLC grew its stake in MKS Inc. (NASDAQ:MKSI) by 63.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 952 shares of the scientific and technical instruments company’s stock after buying an additional 371 shares during the period. Parallel Advisors LLC’s holdings in MKS were worth $95,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of MKS by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,373 shares of the scientific and technical instruments company’s stock worth $281,758,000 after acquiring an additional 173,945 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of MKS by 9.7% in the 1st quarter. Victory Capital Management Inc. now owns 3,388,639 shares of the scientific and technical instruments company’s stock worth $271,599,000 after acquiring an additional 300,356 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of MKS by 41.8% in the 1st quarter. Wellington Management Group LLP now owns 3,250,085 shares of the scientific and technical instruments company’s stock worth $260,494,000 after acquiring an additional 958,607 shares during the last quarter. Madison Asset Management LLC lifted its holdings in shares of MKS by 52.9% in the 1st quarter. Madison Asset Management LLC now owns 1,428,143 shares of the scientific and technical instruments company’s stock worth $114,466,000 after acquiring an additional 494,207 shares during the last quarter. Finally, Cooke & Bieler LP lifted its holdings in shares of MKS by 18.5% in the 1st quarter. Cooke & Bieler LP now owns 1,038,945 shares of the scientific and technical instruments company’s stock worth $83,271,000 after acquiring an additional 161,905 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

MKS Trading Down 3.6%

NASDAQ:MKSI opened at $123.94 on Thursday. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 1.71. MKS Inc. has a 52 week low of $54.84 and a 52 week high of $132.44. The firm has a market capitalization of $8.32 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.48 and a beta of 1.94. The company has a fifty day moving average of $105.78 and a 200 day moving average of $91.86.

MKS (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, August 6th. The scientific and technical instruments company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.61 by $0.16. MKS had a net margin of 7.11% and a return on equity of 20.65%. The business had revenue of $973.00 million during the quarter, compared to analyst estimates of $931.05 million. During the same period in the prior year, the business earned $1.53 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts predict that MKS Inc. will post 6.94 earnings per share for the current year.

MKS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 25th were issued a $0.22 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.88 annualized dividend and a yield of 0.7%. MKS’s dividend payout ratio is 22.34%.

Insiders Place Their Bets

In other MKS news, EVP David Philip Henry sold 5,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president directly owned 15,571 shares in the company, valued at approximately $2,024,230. This represents a 24.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth Mora sold 300 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $99.85, for a total transaction of $29,955.00. Following the completion of the transaction, the director owned 19,263 shares of the company’s stock, valued at $1,923,410.55. This trade represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,600 shares of company stock worth $917,585. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MKSI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of MKS in a report on Friday, August 8th. Morgan Stanley boosted their price objective on shares of MKS from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Needham & Company LLC lowered their price objective on shares of MKS from $140.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Zacks Research lowered shares of MKS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, The Goldman Sachs Group assumed coverage on shares of MKS in a report on Thursday, July 10th. They set a “sell” rating and a $90.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.80.

MKS Company 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.