Sterling Capital Management LLC raised its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 15.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 38,095 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,191 shares during the quarter. Sterling Capital Management LLC owned approximately 0.07% of MKS Instruments worth $3,598,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. acquired a new stake in MKS Instruments during the 3rd quarter valued at approximately $262,000. California Public Employees Retirement System increased its position in MKS Instruments by 6.2% during the 3rd quarter. California Public Employees Retirement System now owns 86,028 shares of the scientific and technical instruments company’s stock valued at $8,125,000 after purchasing an additional 5,028 shares during the period. Krilogy Financial LLC acquired a new stake in MKS Instruments during the 3rd quarter valued at approximately $144,000. Highbridge Capital Management LLC acquired a new stake in MKS Instruments during the 3rd quarter valued at approximately $258,000. Finally, Advantage Investment Management LLC boosted its holdings in shares of MKS Instruments by 65.5% during the 3rd quarter. Advantage Investment Management LLC now owns 2,393 shares of the scientific and technical instruments company’s stock worth $226,000 after buying an additional 947 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.
In related news, Director Elizabeth Mora sold 300 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $94.10, for a total value of $28,230.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John Tseng-Chung Lee sold 2,113 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $104.02, for a total value of $219,794.26. Following the completion of the transaction, the chief operating officer now owns 1 shares in the company, valued at $104.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,613 shares of company stock worth $958,640. 1.65% of the stock is owned by company insiders.
MKS Instruments, Inc. (NASDAQ MKSI) opened at $97.20 on Friday. The stock has a market capitalization of $5,084.69, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.04. MKS Instruments, Inc. has a twelve month low of $58.50 and a twelve month high of $110.60. The company has a current ratio of 4.23, a quick ratio of 3.10 and a debt-to-equity ratio of 0.29.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The firm had revenue of $486.27 million for the quarter, compared to analysts’ expectations of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. sell-side analysts anticipate that MKS Instruments, Inc. will post 5.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, November 24th. MKS Instruments’s dividend payout ratio is presently 12.90%.
A number of equities analysts have issued reports on MKSI shares. Deutsche Bank increased their price target on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Dougherty & Co increased their price target on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Stifel Nicolaus restated a “buy” rating on shares of MKS Instruments in a report on Sunday, October 1st. Finally, ValuEngine cut MKS Instruments from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $109.75.
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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.
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