Penserra Capital Management LLC Buys 41,885 Shares of MKS Inc. (NASDAQ:MKSI)

Penserra Capital Management LLC lifted its holdings in shares of MKS Inc. (NASDAQ:MKSI - Free Report) by 41.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,993 shares of the scientific and technical instruments company's stock after buying an additional 41,885 shares during the period. Penserra Capital Management LLC owned about 0.21% of MKS worth $11,541,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MKSI. Proficio Capital Partners LLC purchased a new position in MKS in the 4th quarter valued at approximately $36,000. Jones Financial Companies Lllp boosted its holdings in MKS by 27.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,794 shares of the scientific and technical instruments company's stock valued at $187,000 after acquiring an additional 385 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in MKS by 68.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 263 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 107 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MKS by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 666,403 shares of the scientific and technical instruments company's stock worth $69,566,000 after purchasing an additional 2,989 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of MKS by 2.0% during the fourth quarter. M&T Bank Corp now owns 16,354 shares of the scientific and technical instruments company's stock worth $1,707,000 after acquiring an additional 317 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised MKS from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Tuesday, May 20th. Needham & Company LLC lowered their target price on MKS from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company upped their target price on MKS from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Cantor Fitzgerald upped their target price on MKS from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley boosted their target price on shares of MKS from $93.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.91.

Insider Buying and Selling at MKS

In other MKS news, EVP David Philip Henry sold 2,000 shares of MKS stock in a transaction 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 completion of the sale, the executive vice president owned 20,571 shares of the company's stock, valued at approximately $2,159,955. The trade was a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

MKS Price Performance

NASDAQ:MKSI traded up $4.29 during mid-day trading on Tuesday, hitting $106.47. The company's stock had a trading volume of 130,068 shares, compared to its average volume of 1,223,911. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 1.18 and a beta of 1.88. The stock has a fifty day moving average of $88.89 and a 200-day moving average of $92.08. The company has a current ratio of 3.11, a quick ratio of 1.96 and a debt-to-equity ratio of 1.87. MKS Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $147.40.

MKS (NASDAQ:MKSI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.29. The company had revenue of $936.00 million during the quarter, compared to analyst estimates of $913.59 million. MKS had a net margin of 6.21% and a return on equity of 20.67%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.18 earnings per share. As a group, equities analysts forecast that MKS Inc. will post 6.94 EPS for the current fiscal year.

MKS Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Tuesday, May 27th. MKS's dividend payout ratio is currently 26.27%.

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.