Kodai Capital Management LP Purchases 410,865 Shares of MKS Inc. $MKSI

Key Points

• Kodai Capital Management LP significantly increased its stake in MKS Inc. by 138.3%, acquiring an additional 410,865 shares, which represents 2.2% of its investment portfolio.
• MKS reported $1.77 earnings per share for the last quarter, exceeding analysts' expectations of $1.61, with revenues of $973 million, a 9.7% increase year-over-year.
• The company declared a quarterly dividend of $0.22 per share, yielding 0.8%, to be paid to shareholders on September 5th.

Kodai Capital Management LP boosted its position in shares of MKS Inc. (NASDAQ:MKSI - Free Report) by 138.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 708,021 shares of the scientific and technical instruments company's stock after acquiring an additional 410,865 shares during the period. MKS accounts for 2.2% of Kodai Capital Management LP's investment portfolio, making the stock its 4th biggest holding. Kodai Capital Management LP owned approximately 1.05% of MKS worth $56,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Optimum Investment Advisors lifted its position in MKS by 66.7% during the 1st quarter. Optimum Investment Advisors now owns 500 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 200 shares during the last quarter. Parallel Advisors LLC lifted its position in MKS by 89.3% during the 1st quarter. Parallel Advisors LLC now owns 581 shares of the scientific and technical instruments company's stock worth $47,000 after acquiring an additional 274 shares during the last quarter. Quarry LP lifted its position in MKS by 1,330.9% during the 4th quarter. Quarry LP now owns 787 shares of the scientific and technical instruments company's stock worth $82,000 after acquiring an additional 732 shares during the last quarter. Brooklyn Investment Group lifted its position in MKS by 1,168.3% during the 1st quarter. Brooklyn Investment Group now owns 799 shares of the scientific and technical instruments company's stock worth $64,000 after acquiring an additional 736 shares during the last quarter. Finally, Signaturefd LLC lifted its position in MKS by 79.2% during the 1st quarter. Signaturefd LLC now owns 828 shares of the scientific and technical instruments company's stock worth $66,000 after acquiring an additional 366 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company's stock.

Insider Buying and Selling

In other news, EVP David Philip Henry sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the executive vice president directly owned 20,571 shares in the company, valued at approximately $2,159,955. This represents a 8.86% 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. Also, Director Jacqueline F. Moloney sold 300 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 11,862 shares in the company, valued at $1,092,490.20. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of MKS from a "buy" rating to a "strong-buy" rating in a report on Saturday. Cantor Fitzgerald boosted their price objective on shares of MKS from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Needham & Company LLC dropped their price objective on shares of MKS from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company boosted their price objective on shares of MKS from $100.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, Zacks Research downgraded shares of MKS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $119.80.

MKS Price Performance

MKS stock traded down $1.83 during trading hours on Wednesday, hitting $100.12. 129,188 shares of the stock were exchanged, compared to its average volume of 1,171,075. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.88 and a current ratio of 2.99. The stock has a market capitalization of $6.72 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.20 and a beta of 1.94. MKS Inc. has a 12 month low of $54.84 and a 12 month high of $125.33. The business's 50-day moving average is $101.61 and its two-hundred day moving average is $89.51.

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

MKS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 25th. MKS's dividend payout ratio is currently 22.34%.

MKS 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.