11,721 Shares in MKS Inc. $MKSI Bought by Dynamic Technology Lab Private Ltd

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 acquired a new position in shares of MKS Inc. (NASDAQ:MKSI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,721 shares of the scientific and technical instruments company's stock, valued at approximately $939,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. NFJ Investment Group LLC lifted its position in MKS by 344.5% during the first quarter. NFJ Investment Group LLC now owns 60,094 shares of the scientific and technical instruments company's stock worth $4,817,000 after buying an additional 46,575 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in MKS by 8.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 40,366 shares of the scientific and technical instruments company's stock worth $3,235,000 after acquiring an additional 3,210 shares during the last quarter. Millennium Management LLC increased its stake in MKS by 132.2% during the first quarter. Millennium Management LLC now owns 545,109 shares of the scientific and technical instruments company's stock worth $43,690,000 after acquiring an additional 310,314 shares during the last quarter. AQR Arbitrage LLC acquired a new stake in MKS during the first quarter worth $2,381,000. Finally, AQR Capital Management LLC increased its stake in MKS by 19.4% during the first quarter. AQR Capital Management LLC now owns 70,211 shares of the scientific and technical instruments company's stock worth $5,534,000 after acquiring an additional 11,403 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company's stock.

Insider Buying and Selling

In related news, EVP David Philip Henry sold 2,000 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the executive vice president directly owned 20,571 shares of the company's stock, valued at $2,159,955. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth Mora sold 300 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $99.85, for a total value of $29,955.00. Following the transaction, the director directly owned 19,263 shares of the company's stock, valued at $1,923,410.55. The trade was a 1.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,600 shares of company stock valued at $267,585 in the last three months. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen cut MKS from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Morgan Stanley raised their target price on MKS from $100.00 to $112.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Mizuho raised their target price on MKS from $105.00 to $118.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Wells Fargo & Company raised their target price on MKS from $100.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Finally, Zacks Research cut MKS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MKS has an average rating of "Moderate Buy" and an average target price of $119.80.

MKS Trading Down 0.8%

Shares of MKSI stock traded down $0.90 on Friday, hitting $115.10. The stock had a trading volume of 1,321,788 shares, compared to its average volume of 923,663. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.99 and a quick ratio of 1.88. The firm has a market capitalization of $7.73 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.33 and a beta of 1.94. MKS Inc. has a 1 year low of $54.84 and a 1 year high of $125.33. The company's 50 day moving average price is $102.65 and its 200-day moving average price is $89.81.

MKS (NASDAQ:MKSI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The scientific and technical instruments company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.16. The firm had revenue of $973.00 million for the quarter, compared to the consensus estimate of $931.05 million. MKS had a return on equity of 20.65% and a net margin of 7.11%.The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.53 EPS. Analysts anticipate that MKS Inc. will post 6.94 earnings per share for the current year.

MKS Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 25th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 25th. MKS's payout ratio is presently 22.34%.

About MKS

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.