Dynamic Technology Lab Private Ltd Takes $939,000 Position in MKS Inc. $MKSI

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in MKS Inc., purchasing approximately 11,721 shares valued at about $939,000 during the first quarter.
• Wells Fargo, Mizuho, and other brokerages have updated their price targets for MKS, with ratings ranging from "equal weight" to "outperform," reflecting a consensus rating of "Moderate Buy."
• MKS announced a quarterly dividend of $0.22, representing an annualized total of $0.88 and a dividend yield of 0.8% as of September 5th.

Dynamic Technology Lab Private Ltd purchased a new stake in MKS Inc. (NASDAQ:MKSI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,721 shares of the scientific and technical instruments company's stock, valued at approximately $939,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of MKS by 41.8% during the 1st quarter. Wellington Management Group LLP now owns 3,250,085 shares of the scientific and technical instruments company's stock valued at $260,494,000 after buying an additional 958,607 shares in the last quarter. Channing Capital Management LLC purchased a new stake in shares of MKS during the 1st quarter valued at $44,320,000. Madison Asset Management LLC raised its position in shares of MKS by 52.9% during the 1st quarter. Madison Asset Management LLC now owns 1,428,143 shares of the scientific and technical instruments company's stock valued at $114,466,000 after buying an additional 494,207 shares in the last quarter. Shapiro Capital Management LLC purchased a new stake in shares of MKS during the 4th quarter valued at $48,228,000. Finally, Kodai Capital Management LP raised its position in shares of MKS by 138.3% during the 1st quarter. Kodai Capital Management LP now owns 708,021 shares of the scientific and technical instruments company's stock valued at $56,748,000 after buying an additional 410,865 shares in the last quarter. 99.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of MKS in a research report on Thursday, July 10th. They set a "sell" rating and a $90.00 price objective on the stock. Zacks Research cut shares of MKS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Wells Fargo & Company raised their price objective on shares of MKS from $100.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Cantor Fitzgerald raised their price objective on shares of MKS from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of MKS in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MKS has an average rating of "Moderate Buy" and an average price target of $119.80.

Insiders Place Their Bets

In other MKS news, Director Elizabeth Mora sold 300 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $99.85, for a total value of $29,955.00. Following the sale, the director owned 19,263 shares of the company's stock, valued at $1,923,410.55. This trade represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jacqueline F. Moloney sold 300 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $92.10, for a total transaction of $27,630.00. Following the completion of the sale, the director directly owned 11,862 shares in the company, valued at approximately $1,092,490.20. This trade represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,600 shares of company stock valued at $267,585 in the last quarter. Insiders own 0.57% of the company's stock.

MKS Trading Down 0.8%

NASDAQ:MKSI traded down $0.90 during trading hours on Friday, reaching $115.10. The company's stock had a trading volume of 1,320,681 shares, compared to its average volume of 1,175,409. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.28 and a beta of 1.94. The firm has a 50-day simple moving average of $102.44 and a 200-day simple moving average of $89.74. MKS Inc. has a 1 year low of $54.84 and a 1 year high of $125.33. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.88 and a current ratio of 2.99.

MKS (NASDAQ:MKSI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.16. The business had revenue of $973.00 million for the quarter, compared to analyst estimates of $931.05 million. MKS had a net margin of 7.11% and a return on equity of 20.65%. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS. Research analysts expect that MKS Inc. will post 6.94 EPS for the current fiscal year.

MKS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 25th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 25th. MKS's dividend payout ratio (DPR) is 22.34%.

MKS Company 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.