MKS Inc. $MKSI Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of MKS Inc. (NASDAQ:MKSI) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,415 shares of the scientific and technical instruments company’s stock after selling 3,210 shares during the period. Rhumbline Advisers’ holdings in MKS were worth $22,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. Penserra Capital Management LLC grew its stake in MKS by 43.4% in the 3rd quarter. Penserra Capital Management LLC now owns 295,963 shares of the scientific and technical instruments company’s stock valued at $36,631,000 after acquiring an additional 89,502 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in MKS in the third quarter valued at $1,020,000. Prudential Financial Inc. lifted its holdings in shares of MKS by 13.1% during the 2nd 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 during the period. PNC Financial Services Group Inc. boosted its holdings in shares of MKS by 50.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,897 shares of the scientific and technical instruments company’s stock valued at $884,000 after purchasing an additional 2,974 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in MKS during the second quarter valued at about $1,681,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

MKSI has been the topic of several recent research reports. Bank of America lifted their target price on shares of MKS from $215.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. TD Cowen increased their price target on shares of MKS from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Cantor Fitzgerald upped their price target on MKS from $200.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of MKS in a research note on Thursday, January 22nd. Finally, Citigroup lifted their price objective on shares of MKS from $122.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $231.50.

MKS Stock Performance

MKSI opened at $260.95 on Tuesday. The company has a current ratio of 2.86, a quick ratio of 1.81 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $197.54 and its 200-day moving average is $152.24. The stock has a market cap of $17.53 billion, a PE ratio of 63.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.94. MKS Inc. has a twelve month low of $54.84 and a twelve month high of $266.08.

MKS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, February 23rd will be paid a dividend of $0.25 per share. This is an increase from MKS’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, February 23rd. MKS’s dividend payout ratio (DPR) is presently 21.36%.

Insiders Place Their Bets

In other MKS 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 directly owned 18,963 shares in the company, valued at approximately $3,011,514.03. The trade was a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.51% of the stock is owned by insiders.

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.