Aaron Wealth Advisors LLC acquired a new stake in shares of MKS Inc. (NASDAQ:MKSI – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,480 shares of the scientific and technical instruments company’s stock, valued at approximately $554,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC bought a new position in MKS in the 2nd quarter worth approximately $214,000. Prudential Financial Inc. lifted its position in shares of MKS by 13.1% during the second quarter. Prudential Financial Inc. now owns 58,933 shares of the scientific and technical instruments company’s stock worth $5,856,000 after acquiring an additional 6,846 shares in the last quarter. Jump Financial LLC bought a new position in shares of MKS in the first quarter worth $1,257,000. Equitable Trust Co. grew its position in shares of MKS by 59.2% in the second quarter. Equitable Trust Co. now owns 10,677 shares of the scientific and technical instruments company’s stock valued at $1,061,000 after purchasing an additional 3,972 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of MKS by 63.9% in the second quarter. Parallel Advisors LLC now owns 952 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 371 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.
MKS Stock Performance
MKS stock opened at $157.01 on Friday. MKS Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $170.37. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.81 and a current ratio of 2.86. The stock has a market cap of $10.55 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 1.53 and a beta of 1.93. The firm’s fifty day moving average price is $148.20 and its 200-day moving average price is $120.32.
MKS Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, November 24th. MKS’s dividend payout ratio (DPR) is currently 21.36%.
Insider Buying and Selling
In other MKS news, Director Jacqueline F. Moloney sold 300 shares of MKS stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $122.14, for a total transaction of $36,642.00. Following the transaction, the director directly owned 11,562 shares of the company’s stock, valued at approximately $1,412,182.68. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Elizabeth Mora sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.81, for a total transaction of $47,643.00. Following the completion of the sale, the director owned 18,963 shares of the company’s stock, valued at approximately $3,011,514.03. The trade was a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on MKSI shares. Mizuho raised their target price on MKS from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of MKS in a report on Wednesday, October 8th. Citigroup raised their price objective on shares of MKS from $122.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Benchmark upped their target price on shares of MKS from $135.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, KeyCorp raised their price target on shares of MKS from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, MKS has an average rating of “Moderate Buy” and a consensus target price of $171.10.
Read Our Latest Report on MKSI
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.
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