MKS Inc. (NASDAQ:MKSI – Get Free Report) CEO John Tseng-Chung Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $302.01, for a total transaction of $3,020,100.00. Following the completion of the sale, the chief executive officer directly owned 134,776 shares in the company, valued at approximately $40,703,699.76. This trade represents a 6.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Tseng-Chung Lee also recently made the following trade(s):
- On Friday, May 22nd, John Tseng-Chung Lee sold 10,000 shares of MKS stock. The stock was sold at an average price of $315.48, for a total transaction of $3,154,800.00.
MKS Stock Up 3.3%
NASDAQ MKSI traded up $10.14 on Monday, hitting $320.88. 154,763 shares of the stock were exchanged, compared to its average volume of 1,390,354. MKS Inc. has a fifty-two week low of $97.30 and a fifty-two week high of $447.62. The company has a 50-day moving average price of $345.69 and a 200-day moving average price of $292.67. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.85. The company has a market cap of $21.70 billion, a PE ratio of 51.13, a PEG ratio of 0.66 and a beta of 1.98.
MKS Dividend Announcement
The firm 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, August 25th. MKS’s payout ratio is 15.95%.
Institutional Investors Weigh In On MKS
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in shares of MKS during the second quarter worth about $231,673,000. Strategic Global Advisors LLC purchased a new stake in MKS during the 2nd quarter valued at approximately $5,796,000. Light Street Capital Management LLC acquired a new stake in MKS during the 2nd quarter worth approximately $46,170,000. First Bancorp Inc ME acquired a new stake in MKS during the 2nd quarter worth approximately $72,000. Finally, Jupiter Topco LLC purchased a new position in shares of MKS in the 2nd quarter valued at approximately $13,107,000. 99.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $360.00 price objective on MKS in a report on Friday, July 31st. Bank of America boosted their target price on MKS from $380.00 to $500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. TD Cowen reaffirmed a “buy” rating on shares of MKS in a report on Thursday, May 7th. KeyCorp increased their price target on shares of MKS from $360.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Citigroup boosted their price objective on shares of MKS from $425.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MKS has an average rating of “Moderate Buy” and a consensus price target of $385.00.
Get Our Latest Stock Report on MKS
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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