OppenheimerFunds Inc. reduced its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 832,084 shares of the scientific and technical instruments company’s stock after selling 35,850 shares during the quarter. OppenheimerFunds Inc. owned approximately 1.53% of MKS Instruments worth $78,632,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in MKSI. Wells Fargo & Company MN increased its stake in MKS Instruments by 132.5% in the fourth quarter. Wells Fargo & Company MN now owns 902,995 shares of the scientific and technical instruments company’s stock valued at $85,333,000 after purchasing an additional 514,563 shares during the last quarter. Allianz Asset Management GmbH increased its stake in MKS Instruments by 121.5% in the third quarter. Allianz Asset Management GmbH now owns 869,399 shares of the scientific and technical instruments company’s stock valued at $82,115,000 after purchasing an additional 476,810 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in MKS Instruments in the third quarter valued at $41,700,000. Rothschild Asset Management Inc. acquired a new position in MKS Instruments in the third quarter valued at $24,693,000. Finally, Prudential Financial Inc. increased its stake in MKS Instruments by 237.7% in the third quarter. Prudential Financial Inc. now owns 360,782 shares of the scientific and technical instruments company’s stock valued at $34,076,000 after purchasing an additional 253,949 shares during the last quarter. Hedge funds and other institutional investors own 93.92% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 price target for the company in a research note on Tuesday, February 6th. Dougherty & Co restated a “buy” rating on shares of MKS Instruments in a research note on Sunday, February 4th. KeyCorp restated a “buy” rating on shares of MKS Instruments in a research note on Friday, February 2nd. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $133.00 price target on shares of MKS Instruments in a research note on Thursday, February 1st. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. MKS Instruments presently has a consensus rating of “Buy” and an average price target of $116.60.
In related news, Director Peter Hanley sold 350 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $115.10, for a total value of $40,285.00. Following the completion of the transaction, the director now owns 2,422 shares of the company’s stock, valued at $278,772.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth Mora sold 300 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $94.10, for a total value of $28,230.00. The disclosure for this sale can be found here. Insiders sold 59,852 shares of company stock valued at $6,376,293 in the last ninety days. Company insiders own 1.65% of the company’s stock.
Shares of MKS Instruments, Inc. (MKSI) opened at $112.75 on Friday. MKS Instruments, Inc. has a 1 year low of $64.45 and a 1 year high of $116.55. The company has a quick ratio of 3.06, a current ratio of 4.21 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $6,121.76, a PE ratio of 18.30, a PEG ratio of 1.11 and a beta of 1.04.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.08. MKS Instruments had a return on equity of 22.51% and a net margin of 17.70%. The company had revenue of $512.00 million during the quarter, compared to the consensus estimate of $500.22 million. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s revenue was up 26.4% compared to the same quarter last year. research analysts expect that MKS Instruments, Inc. will post 7.89 EPS for the current fiscal year.
The business also recently announced 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. This represents a $0.72 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, February 23rd. MKS Instruments’s payout ratio is 11.69%.
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About MKS Instruments
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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