Spyglass Capital Management LLC Buys Shares of 118,526 MKS Inc. $MKSI

Key Points

• Spyglass Capital Management acquired 118,526 MKS shares worth approximately $52.7 million, making MKS 2.9% of its portfolio. Institutional investors collectively own 99.79% of the company.
• MKS reported quarterly EPS of $3.30, beating expectations of $2.91, while revenue rose 28.3% year over year to $1.25 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $382.86.
• Company insiders sold 12,891 shares worth approximately $3.9 million over the past 90 days. MKS also declared a quarterly dividend of $0.25 per share, equivalent to a 0.4% annualized yield.

Spyglass Capital Management LLC bought a new position in MKS Inc. (NASDAQ:MKSI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 118,526 shares of the scientific and technical instruments company's stock, valued at approximately $52,720,000. MKS comprises about 2.9% of Spyglass Capital Management LLC's investment portfolio, making the stock its 21st largest position. Spyglass Capital Management LLC owned about 0.18% of MKS as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MKSI. Keating Financial Advisory Services Inc. bought a new position in shares of MKS in the 2nd quarter worth approximately $25,000. Global Retirement Partners LLC boosted its holdings in shares of MKS by 560.0% in the fourth quarter. Global Retirement Partners LLC now owns 165 shares of the scientific and technical instruments company's stock worth $26,000 after buying an additional 140 shares during the last quarter. IFP Advisors Inc grew its position in MKS by 616.7% during the fourth quarter. IFP Advisors Inc now owns 172 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 148 shares during the period. Allied Private Wealth LLC bought a new stake in MKS during the second quarter valued at approximately $33,000. Finally, Clearstead Trust LLC purchased a new stake in MKS during the second quarter valued at approximately $36,000. 99.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MKS news, CEO John Tseng-Chung Lee sold 10,000 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $302.01, for a total value of $3,020,100.00. Following the sale, the chief executive officer owned 134,776 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Edward Williams sold 457 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $288.31, for a total transaction of $131,757.67. Following the transaction, the executive vice president directly owned 4,098 shares of the company's stock, valued at $1,181,494.38. This trade represents a 10.03% 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 a total of 12,891 shares of company stock worth $3,919,127 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on MKSI shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $600.00 price target on shares of MKS in a research report on Monday, August 3rd. TD Cowen reissued a "buy" rating on shares of MKS in a research report on Thursday, May 7th. BMO Capital Markets assumed coverage on MKS in a research note on Tuesday, June 30th. They issued an "outperform" rating and a $453.00 price objective for the company. JPMorgan Chase & Co. raised their target price on MKS from $365.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Finally, Citigroup lifted their target price on MKS from $425.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $382.86.

MKS Trading Up 0.2%

Shares of MKSI opened at $256.24 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 0.72. MKS Inc. has a 1 year low of $97.50 and a 1 year high of $447.62. The company has a 50 day simple moving average of $326.91 and a two-hundred day simple moving average of $295.89. The firm has a market cap of $17.33 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 0.54 and a beta of 1.98.

MKS (NASDAQ:MKSI - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.39. MKS had a net margin of 10.15% and a return on equity of 24.72%. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the business posted $1.77 earnings per share. The company's revenue for the quarter was up 28.3% compared to the same quarter last year. MKS has set its Q3 2026 guidance at 3.270-3.890 EPS. On average, equities analysts expect that MKS Inc. will post 13.07 earnings per share for the current fiscal year.

MKS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, August 25th. MKS's payout ratio is currently 15.95%.

MKS Company Profile

MKS Instruments, Inc NASDAQ: MKSI designs, manufactures and markets technology solutions that enable advanced processes in a variety of high‐technology and industrial markets. The company's core offerings include vacuum and gas delivery systems, pressure and flow measurement instruments, optical metrology tools, photonics subsystems and critical components for manufacturing processes. These products support the precise control and monitoring needs of semiconductor, industrial manufacturing, life and health sciences, and research applications.

The company's product portfolio features mass flow controllers, pressure transducers, vacuum gauges, gas purity monitors, laser-based metrology systems and photonic devices such as lasers and detectors.

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