MKS Inc. (NASDAQ:MKSI – Get Free Report) EVP Kathleen Flaherty Burke sold 4,355 shares of MKS stock in a transaction on Monday, May 11th. The stock was sold at an average price of $319.94, for a total transaction of $1,393,338.70. Following the completion of the transaction, the executive vice president owned 49,439 shares in the company, valued at $15,817,513.66. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Kathleen Flaherty Burke also recently made the following trade(s):
- On Friday, February 20th, Kathleen Flaherty Burke sold 4,254 shares of MKS stock. The stock was sold at an average price of $250.00, for a total transaction of $1,063,500.00.
MKS Stock Performance
Shares of MKSI opened at $313.81 on Friday. The company has a market capitalization of $21.19 billion, a PE ratio of 65.65, a price-to-earnings-growth ratio of 1.17 and a beta of 1.98. MKS Inc. has a one year low of $80.22 and a one year high of $326.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.11 and a quick ratio of 0.70. The company’s fifty day moving average price is $256.20 and its 200 day moving average price is $211.77.
MKS Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Wednesday, June 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 3rd. MKS’s dividend payout ratio (DPR) is 20.92%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in shares of MKS by 1.1% during the 1st quarter. Blue Trust Inc. now owns 4,274 shares of the scientific and technical instruments company’s stock valued at $982,000 after acquiring an additional 47 shares in the last quarter. Covestor Ltd boosted its position in shares of MKS by 14.7% during the 4th quarter. Covestor Ltd now owns 390 shares of the scientific and technical instruments company’s stock valued at $63,000 after acquiring an additional 50 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of MKS by 10.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 530 shares of the scientific and technical instruments company’s stock valued at $85,000 after acquiring an additional 50 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of MKS by 1.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,335 shares of the scientific and technical instruments company’s stock valued at $693,000 after acquiring an additional 55 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of MKS by 6.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 898 shares of the scientific and technical instruments company’s stock valued at $144,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.
Wall Street Analyst Weigh In
MKSI has been the topic of several recent analyst reports. KeyCorp lifted their target price on shares of MKS from $310.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of MKS in a report on Tuesday, April 21st. Bank of America lifted their target price on shares of MKS from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Needham & Company LLC boosted their price objective on shares of MKS from $300.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $380.00 price objective on shares of MKS in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MKS presently has an average rating of “Moderate Buy” and an average price target of $317.23.
About MKS
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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