Handelsbanken Fonder AB Has $73.17 Million Stake in MKS Inc. $MKSI

Handelsbanken Fonder AB trimmed its stake in MKS Inc. (NASDAQ:MKSI) by 14.6% during the second quarter, Holdings Channel reports. The fund owned 164,490 shares of the scientific and technical instruments company’s stock after selling 28,010 shares during the quarter. Handelsbanken Fonder AB’s holdings in MKS were worth $73,165,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in MKS by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,254,049 shares of the scientific and technical instruments company’s stock worth $200,438,000 after purchasing an additional 5,551 shares during the period. Bank of America Corp DE raised its position in shares of MKS by 44.2% in the second quarter. Bank of America Corp DE now owns 982,643 shares of the scientific and technical instruments company’s stock valued at $97,635,000 after purchasing an additional 301,223 shares during the period. Norges Bank acquired a new stake in shares of MKS in the fourth quarter worth $147,453,000. Rafferty Asset Management LLC lifted its stake in shares of MKS by 63.4% in the second quarter. Rafferty Asset Management LLC now owns 878,114 shares of the scientific and technical instruments company’s stock worth $87,249,000 after buying an additional 340,645 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of MKS by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 870,654 shares of the scientific and technical instruments company’s stock worth $139,131,000 after buying an additional 24,349 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gerald G. Colella sold 20,000 shares of MKS 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 sale, the director owned 20,017 shares of the company’s stock, valued at approximately $6,673,667.80. This trade represents a 49.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David Philip Henry sold 2,500 shares of the business’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 sale, the executive vice president owned 16,341 shares in the company, valued at approximately $5,400,700.50. This represents 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. In the last three months, insiders have sold 50,051 shares of company stock worth $16,184,527. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America raised their target price on shares of MKS from $380.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company boosted their target price on shares of MKS from $300.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of MKS from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $265.00 price target on shares of MKS in a research report on Thursday, May 7th. Finally, TD Cowen reiterated a “buy” rating on shares of MKS in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $385.00.

MKS Stock Down 4.1%

Shares of MKSI opened at $292.35 on Tuesday. The company has a 50-day simple moving average of $347.29 and a 200-day simple moving average of $290.28. The firm has a market capitalization of $19.75 billion, a P/E ratio of 46.63, a P/E/G ratio of 0.80 and a beta of 1.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.72 and a current ratio of 1.14. MKS Inc. has a 52 week low of $97.30 and a 52 week high of $447.62.

MKS (NASDAQ:MKSI) last released its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $3.30 earnings per share 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 business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company earned $1.77 earnings per share. The firm’s revenue was up 28.3% on a year-over-year basis. MKS has set its Q3 2026 guidance at 3.270-3.890 EPS. On average, equities research analysts expect that MKS Inc. will post 12.05 earnings per share for the current year.

MKS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th will be given a $0.25 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. MKS’s dividend payout ratio (DPR) is currently 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.