MKS Instruments, Inc. (MKSI) Position Trimmed by Verition Fund Management LLC

Verition Fund Management LLC decreased its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 13.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,144 shares of the scientific and technical instruments company’s stock after selling 1,156 shares during the period. Verition Fund Management LLC’s holdings in MKS Instruments were worth $481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MKSI. BlackRock Inc. grew its stake in shares of MKS Instruments by 50,850.9% in the 1st quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after buying an additional 6,571,973 shares in the last quarter. Vanguard Group Inc. boosted its position in MKS Instruments by 3.5% during the second quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock worth $327,924,000 after purchasing an additional 163,192 shares during the period. State Street Corp boosted its position in MKS Instruments by 4.9% during the second quarter. State Street Corp now owns 1,350,159 shares of the scientific and technical instruments company’s stock worth $90,865,000 after purchasing an additional 63,140 shares during the period. Northern Trust Corp boosted its position in shares of MKS Instruments by 4.6% in the second quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock valued at $49,954,000 after acquiring an additional 32,701 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of MKS Instruments by 4.6% in the first quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock valued at $38,938,000 after acquiring an additional 24,851 shares during the period. Institutional investors own 95.13% of the company’s stock.

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In other news, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the sale, the chief financial officer now directly owns 21,615 shares in the company, valued at approximately $1,854,567. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the completion of the sale, the vice president now owns 15,785 shares of the company’s stock, valued at $1,251,750.50. The disclosure for this sale can be found here. Insiders sold a total of 10,100 shares of company stock valued at $851,885 over the last 90 days. 1.65% of the stock is currently owned by company insiders.

Shares of MKS Instruments, Inc. (MKSI) traded up 0.90% during trading on Friday, reaching $106.85. The company’s stock had a trading volume of 729,490 shares. The company’s 50 day moving average price is $93.35 and its 200 day moving average price is $81.68. MKS Instruments, Inc. has a 12 month low of $48.05 and a 12 month high of $107.05. The firm has a market cap of $5.80 billion, a PE ratio of 22.20 and a beta of 1.13.

MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The business had revenue of $486.27 million during the quarter, compared to analyst estimates of $476.24 million. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. On average, equities analysts predict that MKS Instruments, Inc. will post $5.90 earnings per share for the current year.

Several research firms have recently weighed in on MKSI. KeyCorp reissued an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Dougherty & Co increased their price objective on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Deutsche Bank AG began coverage on MKS Instruments in a report on Wednesday, July 5th. They set a “buy” rating and a $84.00 target price on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $109.75.

MKS Instruments Company Profile

MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.

Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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