MKS Inc. $MKSI Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its stake in MKS Inc. (NASDAQ:MKSI) by 43.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 295,963 shares of the scientific and technical instruments company’s stock after acquiring an additional 89,502 shares during the period. Penserra Capital Management LLC owned about 0.44% of MKS worth $36,631,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cooke & Bieler LP lifted its holdings in shares of MKS by 7.7% in the 3rd 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 purchasing an additional 94,692 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $125,025,000 after buying an additional 35,065 shares during the last quarter. Channing Capital Management LLC boosted its holdings in shares of MKS by 79.3% in the second quarter. Channing Capital Management LLC now owns 991,298 shares of the scientific and technical instruments company’s stock valued at $98,495,000 after acquiring an additional 438,338 shares during the period. Bank of America Corp DE grew its position in shares of MKS by 44.2% during the second quarter. Bank of America Corp DE now owns 982,643 shares of the scientific and technical instruments company’s stock worth $97,635,000 after acquiring an additional 301,223 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in shares of MKS by 146.4% during the second quarter. Frontier Capital Management Co. LLC now owns 912,380 shares of the scientific and technical instruments company’s stock worth $90,654,000 after acquiring an additional 542,094 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of MKS in a research note on Thursday, January 22nd. Bank of America upped their price objective on MKS from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Mizuho set a $260.00 price objective on MKS in a research report on Wednesday, January 28th. Cantor Fitzgerald boosted their target price on MKS from $200.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Benchmark upped their price target on MKS from $135.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $231.50.

MKS Trading Down 1.7%

Shares of MKSI stock opened at $229.58 on Wednesday. The business’s fifty day moving average price is $181.75 and its 200 day moving average price is $142.95. The firm has a market capitalization of $15.42 billion, a PE ratio of 55.72, a P/E/G ratio of 1.62 and a beta of 1.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.86 and a quick ratio of 1.81. MKS Inc. has a 1-year low of $54.84 and a 1-year high of $246.35.

MKS (NASDAQ:MKSI) last released its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. MKS had a return on equity of 20.80% and a net margin of 7.25%.The company had revenue of $988.00 million during the quarter, compared to the consensus estimate of $963.87 million. During the same quarter last year, the company earned $1.72 earnings per share. MKS’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, sell-side analysts forecast that MKS Inc. will post 6.94 EPS for the current fiscal year.

Insider Activity at MKS

In related news, Director Elizabeth Mora sold 300 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $158.81, for a total transaction of $47,643.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is owned by company insiders.

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.