Bessemer Group Inc. Has $26.24 Million Stock Position in MKS Inc. $MKSI

Bessemer Group Inc. lifted its position in shares of MKS Inc. (NASDAQ:MKSI) by 35.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,041 shares of the scientific and technical instruments company’s stock after purchasing an additional 55,545 shares during the quarter. Bessemer Group Inc. owned approximately 0.32% of MKS worth $26,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in MKS by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 267,421 shares of the scientific and technical instruments company’s stock worth $21,434,000 after purchasing an additional 9,170 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of MKS by 52.3% during the 2nd quarter. QRG Capital Management Inc. now owns 7,256 shares of the scientific and technical instruments company’s stock worth $721,000 after acquiring an additional 2,492 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of MKS during the 2nd quarter valued at about $214,000. KLP Kapitalforvaltning AS increased its stake in MKS by 6.1% in the second quarter. KLP Kapitalforvaltning AS now owns 14,000 shares of the scientific and technical instruments company’s stock valued at $1,391,000 after acquiring an additional 800 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in MKS by 14.2% in the second quarter. Venturi Wealth Management LLC now owns 4,559 shares of the scientific and technical instruments company’s stock valued at $453,000 after acquiring an additional 566 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MKS

In other news, Director Elizabeth Mora sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $158.81, for a total transaction of $47,643.00. Following the transaction, the director directly owned 18,963 shares in the company, valued at approximately $3,011,514.03. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

MKS Stock Performance

Shares of NASDAQ:MKSI opened at $243.02 on Friday. The business has a fifty day moving average of $186.29 and a 200-day moving average of $145.03. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.81 and a current ratio of 2.86. MKS Inc. has a twelve month low of $54.84 and a twelve month high of $246.35. The firm has a market cap of $16.32 billion, a PE ratio of 58.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.95.

MKS (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.13. MKS had a net margin of 7.25% and a return on equity of 20.80%. The business had revenue of $988.00 million for the quarter, compared to the consensus estimate of $963.87 million. During the same quarter in the prior year, the company earned $1.72 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities research analysts predict that MKS Inc. will post 6.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MKSI. Wall Street Zen downgraded MKS from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Needham & Company LLC boosted their price target on MKS from $210.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Zacks Research upgraded MKS from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Mizuho set a $260.00 target price on shares of MKS in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $265.00 target price on shares of MKS in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $231.50.

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.