Eagle Asset Management Inc. decreased its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,286 shares of the scientific and technical instruments company’s stock after selling 26,819 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.36% of MKS Instruments worth $18,360,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in MKSI. Meeder Asset Management Inc. boosted its holdings in MKS Instruments by 311.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,065 shares of the scientific and technical instruments company’s stock worth $101,000 after purchasing an additional 806 shares during the last quarter. Krilogy Financial LLC acquired a new position in MKS Instruments during the third quarter worth $144,000. Bridgeworth LLC acquired a new position in MKS Instruments during the third quarter worth $203,000. Greenwood Capital Associates LLC acquired a new position in MKS Instruments during the third quarter worth $204,000. Finally, Advisor Partners LLC acquired a new position in MKS Instruments during the fourth quarter worth $206,000. Institutional investors and hedge funds own 93.92% of the company’s stock.
MKSI has been the subject of several recent research reports. Deutsche Bank increased their target price on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Stifel Nicolaus restated a “buy” rating and set a $108.00 target price (up previously from $98.00) on shares of MKS Instruments in a report on Tuesday, October 24th. Dougherty & Co increased their target price 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. BidaskClub cut shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, ValuEngine cut shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $116.60.
Shares of MKS Instruments, Inc. (MKSI) opened at $110.00 on Tuesday. The company has a market cap of $5,972.40, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.21 and a quick ratio of 3.06. MKS Instruments, Inc. has a 12 month low of $64.45 and a 12 month high of $111.95.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $512.00 million during the quarter, compared to analysts’ expectations of $500.22 million. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. equities research analysts expect that MKS Instruments, Inc. will post 7.6 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, February 23rd. MKS Instruments’s dividend payout ratio is currently 11.69%.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $105.10, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Seth H. Bagshaw sold 10,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $102.07, for a total transaction of $1,020,700.00. Following the completion of the sale, the chief financial officer now owns 11,766 shares of the company’s stock, valued at approximately $1,200,955.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,239 shares of company stock valued at $3,080,198. Corporate insiders own 1.65% of the company’s stock.
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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.
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