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MKS Instruments (MKSI)

MKS Instruments, Inc. is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for our customers. Our products are derived from our core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, vacuum technology, lasers, photonics, optics, precision motion control, vibration control and laser-based manufacturing systems solutions. We also provide services relating to the maintenance and repair of our products, installation services and training. Our primary served markets include semiconductor, industrial technologies, life and health sciences, research and defense.

Company profile

Ticker
MKSI
Exchange
Website
CEO
John Lee
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Atotech Manufacturing, Inc. • Beijing Newport Spectra-Physics Technologies Co., Ltd. • Electro Scientific Industries Europe Ltd • Electro Scientific Industries GmbH • Electro Scientific Industries Singapore Pte. Ltd. • Electro Scientific Industries, Inc. • ESI China, Inc. • ESI Electronic Equipment (Shanghai) Co., Ltd. • ESI International Corporation • ESI Japan, K.K. ...
IRS number
42277512

MKSI stock data

Analyst ratings and price targets

Last 3 months

Calendar

3 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Colella Gerard G Common Stock Buy Acquire P Yes No 117.51 1,000 117.51K 99,017
1 Aug 22 Peter Cannone Iii Common Stock Buy Acquire P No No 120.056 250 30.01K 3,141.837
10 May 22 Colella Gerard G Common Stock Gift Dispose G Yes No 0 130 0 96,870
10 May 22 Colella Gerard G Common Stock Grant Acquire A No No 0 1,745.048 0 2,893.684
10 May 22 Batra Raj Common Stock Grant Acquire A No No 0 1,745.048 0 8,975.096
10 May 22 Peter Cannone Iii Common Stock Grant Acquire A No No 0 1,745.048 0 2,891.837
95.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 391 396 -1.3%
Opened positions 49 73 -32.9%
Closed positions 54 42 +28.6%
Increased positions 152 145 +4.8%
Reduced positions 117 116 +0.9%
13F shares Current Prev Q Change
Total value 8.02B 9.37B -14.4%
Total shares 53.45M 53.56M -0.2%
Total puts 200K 124.9K +60.1%
Total calls 69.3K 75.4K -8.1%
Total put/call ratio 2.9 1.7 +74.2%
Largest owners Shares Value Change
Vanguard 5.29M $793.05M -6.3%
BLK Blackrock 5.23M $784.28M +3.3%
Capital International Investors 4.71M $706.96M +0.0%
Wellington Management 4.64M $696.32M +5.5%
JPM JPMorgan Chase & Co. 2.19M $327.94M -4.9%
Victory Capital Management 1.66M $248.9M +564.7%
GS Goldman Sachs 1.52M $227.98M +2.5%
STT State Street 1.47M $219.85M +4.1%
Amundi 1.38M $174.69M +11.0%
ATAC Neuberger Berman 1.25M $188.05M -1.5%
Largest transactions Shares Bought/sold Change
Victory Capital Management 1.66M +1.41M +564.7%
Norges Bank 0 -645.97K EXIT
Holocene Advisors 0 -600.25K EXIT
William Blair Investment Management 1.09M +394.32K +56.9%
Vanguard 5.29M -356.42K -6.3%
TimesSquare Capital Management 248.63K -245.43K -49.7%
Wellington Management 4.64M +241.13K +5.5%
FMR 857.61K +240.8K +39.0%
IVZ Invesco 581.21K -222.93K -27.7%
Cooke & Bieler 819.19K +208.07K +34.0%

Financial report summary

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Risks
  • We may be unable to complete our pending acquisition of Atotech Limited, or Atotech, or otherwise realize the benefits of the acquisition of Atotech, which could have a material adverse effect on us, and we are exposed to significant risks relating to the acquisition of Atotech.
  • We face significant risks associated with doing business internationally.
  • Unfavorable currency exchange rate fluctuations may lead to lower operating margins or may cause us to change customer pricing, which could result in reduced sales and losses.
  • Our business depends significantly on capital spending in the semiconductor and electronics manufacturing industries, which are characterized by periodic fluctuations that may cause a reduction in demand for our products.
  • Many of the markets and industries we serve are highly competitive, are subject to rapid technological advancement, and have narrow design windows, and if we fail to introduce new and innovative products or improve our existing products, or if our products or the applications we invest in do not achieve widespread adoption, our business, financial condition and operating results will be harmed.
  • We offer products for multiple markets and must face the challenges of supporting the distinct needs of each of the markets we serve.
  • Supply chain disruptions or other manufacturing interruptions or delays could affect our ability to meet customer demand and lead to higher costs, while the failure to estimate customer demand accurately could result in excess or obsolete inventory.
  • Our dependence on sole and limited source suppliers and international suppliers could affect our ability to manufacture products and systems.
  • Our failure to successfully manage the transition of certain of our products to other manufacturing locations and/or to contract manufacturers would likely harm our business, financial condition and operating results.
  • Our products could contain defects, which would increase our costs and seriously harm our business, financial condition, operating results and customer relationships.
  • We outsource a number of services to third-party service providers, which decreases our control over the performance of these functions. Disruptions or delays at our third-party service providers could adversely impact our operations.
  • The loss of net revenues from any one of our major customers would likely have a material adverse effect on us.
  • Key personnel may be difficult to attract and retain.
  • We are subject to international trade compliance regulations, and violations of those regulations could result in fines or trade restrictions, which could have a material adverse effect on us.
  • Changes in tax rates or tax regulation or the termination of tax incentives could affect our operating results.
  • We are subject to environmental regulations. If we fail to comply with these regulations, our business could be harmed.
  • Our proprietary technology is important to the continued success of our business. Our failure to protect this proprietary technology may significantly impair our competitive position.
  • Our quarterly operating results have fluctuated, and are likely to continue to vary significantly, which may result in volatility in the market price of our common stock.
  • The market price of our common stock has fluctuated and may continue to fluctuate for reasons over which we have no control.
  • We may not pay dividends on our common stock.
  • Some provisions of our restated articles of organization, as amended, our amended and restated by-laws and Massachusetts law could discourage potential acquisition proposals and could delay or prevent a change in control.
Management Discussion
  • The Management’s Discussion and Analysis of Financial Condition and Results of Operations, or MD&A, describes principal factors affecting the results of our operations, financial condition, cash flows and liquidity, as well as our critical accounting policies and estimates that require significant judgment and thus have the most significant potential impact on our Consolidated Financial Statements, and is intended to better allow investors to view the Company from management’s perspective. This section focuses on material events and uncertainties known to management that are reasonably likely to cause reported financial information not to be necessarily indicative of our future operating results or of our future financial condition. This section provides an analysis of our financial results for the year ended December 31, 2021 compared to the year ended December 31, 2020. For the discussion and analysis covering the year ended December 31, 2020 compared to the year ended December 31, 2019, please refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 23, 2021.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: began, disclaim, Regulation, sanction, slightly, smartphone, soften, softening, steady, temporarily, unconditional
Removed: announcement, British, compounded, increasing, Israeli, Korean, negatively, noted, posed, recent, relate, respond, single, Taiwanese

Patents

Utility
Microwave System for Microwave-Assisted Surface Chemistry Annealing of ALD Processes Utilizing Microwave Radiation Energy
4 Aug 22
A microwave system for use within a microwave-assisted thermal atomic layer deposition system is disclosed which include at least one microwave generator configured to output at least one microwave signal, at least one waveguide assembly in communication with the at least one microwave generator and configured to receive the microwave signal, one or more isolators positioned within the waveguide assembly and configured to reduce or eliminate backscatter of the microwave signal from the waveguide assembly to the at least one microwave generator, at least one tuning device in positioned within the waveguide assembly and configured receive the microwave signal from the isolator and tune the microwave signal, and at least one microwave delivery device in communication with the waveguide assembly and configured to direct at least a portion of the microwave signal into at least one processing chamber of the microwave-assisted thermal atomic layer deposition system.
Utility
Method and apparatus for pulse gas delivery
2 Aug 22
In a pulse gas delivery system, a chamber is pre-charged to a prescribed pressure through an upstream valve.
Utility
Load-Lock Gauge
21 Jul 22
A load lock pressure gauge comprises a housing configured to be coupled to a load lock vacuum chamber.
Utility
Monitoring Radical Particle Concentration Using Mass Spectrometry
23 Jun 22
A monitoring system detects and measures a quantity of radical particles within a gas.
Utility
Polymer composite vacuum components
21 Jun 22
A gauge having a housing formed of a polymer material and one or more electrical feedthrough pins disposed in the housing.