TimesSquare Capital Management LLC Buys New Shares in MKS Inc. $MKSI

Key Points

• TimesSquare Capital Management bought 288,450 MKS shares worth approximately $128.3 million, making MKS its eighth-largest holding and representing about 1.9% of its portfolio. Institutional investors collectively own 99.79% of the company.
• MKS reported quarterly earnings of $3.30 per share and revenue of $1.25 billion, beating estimates of $2.91 per share and $1.20 billion; revenue increased 28.3% year over year.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $385. However, insiders sold 56,301 shares worth approximately $18.0 million over the past 90 days.

TimesSquare Capital Management LLC purchased a new position in shares of MKS Inc. (NASDAQ:MKSI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 288,450 shares of the scientific and technical instruments company's stock, valued at approximately $128,303,000. MKS accounts for about 1.9% of TimesSquare Capital Management LLC's portfolio, making the stock its 8th biggest holding. TimesSquare Capital Management LLC owned about 0.43% of MKS at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in MKS by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 267,421 shares of the scientific and technical instruments company's stock valued at $21,434,000 after buying an additional 9,170 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of MKS by 63.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 838 shares of the scientific and technical instruments company's stock valued at $83,000 after acquiring an additional 325 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of MKS by 3,545.6% in the 2nd quarter. First Trust Advisors LP now owns 141,267 shares of the scientific and technical instruments company's stock valued at $14,036,000 after acquiring an additional 137,392 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of MKS in the second quarter worth $1,676,000. Finally, AXA S.A. increased its stake in shares of MKS by 22.8% in the second quarter. AXA S.A. now owns 29,253 shares of the scientific and technical instruments company's stock worth $2,907,000 after acquiring an additional 5,430 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.

Insider Buying and Selling

In other MKS news, Director Gerald G. Colella sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $333.40, for a total transaction of $6,668,000.00. Following the transaction, the director owned 20,017 shares in the company, valued at approximately $6,673,667.80. This represents a 49.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David Philip Henry sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $330.50, for a total value of $826,250.00. Following the completion of the sale, the executive vice president directly owned 16,341 shares in the company, valued at approximately $5,400,700.50. The trade was a 13.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 56,301 shares of company stock worth $18,036,251 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MKSI has been the subject of a number of research reports. TD Cowen restated a "buy" rating on shares of MKS in a research report on Thursday, May 7th. Citigroup lifted their price objective on MKS from $425.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Needham & Company LLC boosted their price objective on MKS from $360.00 to $390.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Morgan Stanley upped their target price on MKS from $374.00 to $442.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Finally, Mizuho set a $360.00 target price on MKS in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $385.00.

MKS Stock Up 3.2%

MKSI stock opened at $320.74 on Tuesday. MKS Inc. has a one year low of $97.30 and a one year high of $447.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.72 and a current ratio of 1.14. The firm's fifty day moving average is $345.86 and its 200 day moving average is $293.31. The firm has a market cap of $21.69 billion, a PE ratio of 51.15, a P/E/G ratio of 0.66 and a beta of 1.98.

MKS (NASDAQ:MKSI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.91 by $0.39. MKS had a net margin of 10.15% and a return on equity of 24.72%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The company's revenue 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, research analysts forecast that MKS Inc. will post 12.96 EPS for the current year.

MKS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 25th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. MKS's dividend payout ratio is presently 15.95%.

MKS 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.

Want to see what other hedge funds are holding MKSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MKS Inc. (NASDAQ:MKSI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source