Loftus Peak Pty Ltd lifted its position in shares of MKS Inc. (NASDAQ:MKSI - Free Report) by 21.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,593 shares of the scientific and technical instruments company's stock after purchasing an additional 10,157 shares during the period. MKS accounts for approximately 1.8% of Loftus Peak Pty Ltd's portfolio, making the stock its 22nd largest position. Loftus Peak Pty Ltd owned 0.09% of MKS worth $15,283,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. bought a new stake in MKS in the third quarter valued at $575,000. NorthCrest Asset Manangement LLC lifted its position in shares of MKS by 19.5% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 1,262 shares of the scientific and technical instruments company's stock worth $329,000 after purchasing an additional 206 shares during the period. Wedmont Private Capital lifted its position in shares of MKS by 2.3% in the 3rd quarter. Wedmont Private Capital now owns 4,193 shares of the scientific and technical instruments company's stock worth $1,092,000 after purchasing an additional 95 shares during the period. GAMMA Investing LLC lifted its position in shares of MKS by 13.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,667 shares of the scientific and technical instruments company's stock worth $973,000 after purchasing an additional 436 shares during the period. Finally, Whalen Wealth Management Inc. bought a new stake in shares of MKS during the 3rd quarter valued at about $231,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
MKS Stock Performance
Shares of MKS stock opened at $234.50 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $15.86 billion, a P/E ratio of 37.40, a P/E/G ratio of 0.52 and a beta of 2.03. The business has a fifty day simple moving average of $268.50 and a two-hundred day simple moving average of $300.22. MKS Inc. has a 12 month low of $130.72 and a 12 month high of $447.62.
MKS (NASDAQ:MKSI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $0.39. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.20 billion. MKS had a net margin of 10.15% and a return on equity of 24.72%. The company's quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 EPS. MKS has set its Q3 2026 guidance at 3.270-3.890 EPS. On average, equities analysts forecast that MKS Inc. will post 13.13 earnings per share for the current fiscal year.
MKS Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Tuesday, August 25th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $1.00 annualized dividend and a yield of 0.4%. MKS's payout ratio is presently 15.95%.
Insider Buying and Selling
In other news, CEO John Tseng-Chung Lee sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $302.01, for a total value of $3,020,100.00. Following the sale, the chief executive officer directly owned 134,776 shares of the company's stock, valued at $40,703,699.76. The trade was a 6.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Elizabeth Mora sold 300 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $250.96, for a total value of $75,288.00. Following the completion of the sale, the director owned 18,845 shares in the company, valued at $4,729,341.20. The trade was a 1.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,757 shares of company stock valued at $3,227,146 over the last quarter. Corporate insiders own 0.57% of the company's stock.
Wall Street Analysts Forecast Growth
MKSI has been the topic of several research analyst reports. Bank of America boosted their price target on shares of MKS from $380.00 to $500.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Needham & Company LLC raised their price objective on shares of MKS from $360.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Citigroup raised their price objective on shares of MKS from $425.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Morgan Stanley cut their price objective on MKS from $439.00 to $345.00 and set an "overweight" rating on the stock in a research report on Thursday, September 17th. Finally, Wells Fargo & Company upped their target price on MKS from $300.00 to $325.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $375.93.
Check Out Our Latest Report on MKS
About MKS
(
Free Report)
MKS Instruments, Inc develops technologies used to measure, control and analyze the processes involved in manufacturing semiconductors, electronics, specialty materials and other industrial products. The company serves original equipment manufacturers and production facilities worldwide, with solutions spanning vacuum control, pressure measurement, gas and fluid delivery, process monitoring and control.
Its product portfolio includes vacuum gauges and valves, mass flow controllers, gas and vapor delivery systems, pressure controllers, plasma-generation and power-delivery systems, analytical instruments, lasers and photonics equipment.
Further Reading
Want to see what other hedge funds are holding MKSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MKS Inc. (NASDAQ:MKSI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MKS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MKS wasn't on the list.
While MKS currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
