Louisiana State Employees Retirement System Sells 8,300 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Louisiana State Employees Retirement System trimmed its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 37.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,700 shares of the scientific and technical instruments company’s stock after selling 8,300 shares during the period. Louisiana State Employees Retirement System’s holdings in MKS Instruments were worth $1,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MKSI. Ameritas Investment Partners Inc. grew its holdings in MKS Instruments by 2.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,733 shares of the scientific and technical instruments company’s stock worth $319,000 after acquiring an additional 135 shares in the last quarter. Amalgamated Bank grew its holdings in MKS Instruments by 3.4% during the 2nd quarter. Amalgamated Bank now owns 7,446 shares of the scientific and technical instruments company’s stock worth $501,000 after acquiring an additional 244 shares in the last quarter. Advisor Group Inc. grew its holdings in MKS Instruments by 8.5% during the 2nd quarter. Advisor Group Inc. now owns 4,818 shares of the scientific and technical instruments company’s stock worth $325,000 after acquiring an additional 379 shares in the last quarter. Aperio Group LLC grew its holdings in MKS Instruments by 2.9% during the 3rd quarter. Aperio Group LLC now owns 17,130 shares of the scientific and technical instruments company’s stock worth $1,618,000 after acquiring an additional 489 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in MKS Instruments by 10.1% during the 2nd quarter. M&T Bank Corp now owns 6,456 shares of the scientific and technical instruments company’s stock worth $434,000 after acquiring an additional 594 shares in the last quarter. 95.00% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on MKSI shares. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Dougherty & Co raised their price objective on shares of MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective for the company in a report on Tuesday, February 6th. Stifel Nicolaus reissued a “buy” rating and set a $133.00 price objective on shares of MKS Instruments in a report on Thursday, February 1st. Finally, Deutsche Bank raised their price target on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $116.60.

In related news, CFO Seth H. Bagshaw sold 10,000 shares of MKS Instruments stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $102.07, for a total value of $1,020,700.00. Following the sale, the chief financial officer now directly owns 11,766 shares in the company, valued at approximately $1,200,955.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $105.10, for a total transaction of $210,200.00. Following the completion of the sale, the vice president now owns 11,863 shares in the company, valued at $1,246,801.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,139 shares of company stock worth $3,069,492. Insiders own 1.65% of the company’s stock.

MKS Instruments, Inc. (MKSI) traded up $5.75 during trading on Wednesday, hitting $107.55. 450,276 shares of the stock were exchanged, compared to its average volume of 605,696. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 4.21. MKS Instruments, Inc. has a one year low of $64.45 and a one year high of $110.60. The company has a market cap of $5,600.48, a P/E ratio of 17.46, a P/E/G ratio of 1.02 and a beta of 1.04.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.08. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $500.22 million. During the same period last year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. equities analysts expect that MKS Instruments, Inc. will post 7.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.67%. MKS Instruments’s payout ratio is currently 11.69%.

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MKS Instruments 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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