T. Rowe Price Boosts MKS Instruments Stake to 12.1%
Ticker: MKSI · Form: SC 13G · Filed: Jan 10, 2024 · CIK: 1049502
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, investor-confidence
TL;DR
**T. Rowe Price just revealed a 12.1% stake in MKS Instruments, signaling strong institutional confidence.**
AI Summary
T. Rowe Price Associates, Inc., a major investment firm, reported on January 10, 2024, that it beneficially owns 8,085,822 shares of MKS Instruments Inc. common stock, representing 12.1% of the company. This significant stake, valued at approximately $970 million (based on MKS's recent stock price of ~$120), indicates T. Rowe Price's strong conviction in MKS Instruments, a company specializing in industrial instruments for measurement and control. For current or prospective MKS Instruments shareholders, this filing signals that a large, reputable institutional investor sees long-term value in the company, potentially boosting investor confidence and suggesting a stable institutional backing for the stock.
Why It Matters
This filing shows a major institutional investor, T. Rowe Price, has a significant and active stake in MKS Instruments, which can influence stock stability and investor perception.
Risk Assessment
Risk Level: low — The filing indicates a large, stable institutional ownership, which generally reduces volatility and provides a floor for the stock.
Analyst Insight
A smart investor would view this significant institutional ownership by T. Rowe Price as a positive signal, potentially indicating confidence in MKS Instruments' long-term prospects, and might consider further research into MKS Instruments' fundamentals.
Key Numbers
- 8,085,822 — Shares Beneficially Owned (Represents the total number of MKS Instruments shares T. Rowe Price Associates, Inc. controls.)
- 12.1% — Percentage of Class (Indicates the significant portion of MKS Instruments common stock owned by T. Rowe Price Associates, Inc.)
- 2,793,543 — Sole Voting Power Shares (The number of shares T. Rowe Price Associates, Inc. can vote independently.)
Key Players & Entities
- T. ROWE PRICE ASSOCIATES, INC. (company) — Reporting Person, a major investment firm
- MKS INSTRUMENTS INC (company) — Issuer of the common stock
- Maryland (person) — Place of Organization for T. Rowe Price Associates, Inc.
- 8,085,822 (dollar_amount) — Aggregate amount of shares beneficially owned by T. Rowe Price
- 12.1% (dollar_amount) — Percentage of MKS Instruments' class represented by T. Rowe Price's ownership
- December 31, 2023 (person) — Date of event requiring the filing
Forward-Looking Statements
- MKS Instruments Inc. stock may experience increased stability due to significant institutional backing. (MKS INSTRUMENTS INC) — medium confidence, target: Next 6-12 months
- T. Rowe Price Associates, Inc. will maintain its significant stake in MKS Instruments Inc. for the foreseeable future. (T. ROWE PRICE ASSOCIATES, INC.) — high confidence, target: Next 12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is T. ROWE PRICE ASSOCIATES, INC., as stated in Item 1(a) and Item 2(a) of the filing.
What is the total aggregate amount of MKS Instruments Inc. shares beneficially owned by T. Rowe Price Associates, Inc.?
T. Rowe Price Associates, Inc. beneficially owns an aggregate of 8,085,822 shares of MKS Instruments Inc., as reported in Row 9 of the filing.
What percentage of MKS Instruments Inc.'s common stock does T. Rowe Price Associates, Inc. own?
T. Rowe Price Associates, Inc. owns 12.1% of the class of MKS Instruments Inc. common stock, as indicated in Row 11 of the filing.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the filing.
Under which Rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box on the cover page of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 10, 2024 by Maryland regarding MKS INSTRUMENTS INC (MKSI).