Systematic Financial Management LP Sells 18,660 Shares of MKS Instruments, Inc. (MKSI)

Systematic Financial Management LP cut its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 10.2% in the 1st quarter, Holdings Channel reports. The firm owned 163,915 shares of the scientific and technical instruments company’s stock after selling 18,660 shares during the period. Systematic Financial Management LP’s holdings in MKS Instruments were worth $18,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MKSI. Wells Fargo & Company MN lifted its position in shares of MKS Instruments by 132.5% in the 4th 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 acquiring an additional 514,563 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of MKS Instruments by 83.1% in the 4th quarter. Teachers Advisors LLC now owns 329,219 shares of the scientific and technical instruments company’s stock valued at $31,111,000 after acquiring an additional 149,460 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of MKS Instruments by 13.1% in the 1st quarter. Prudential Financial Inc. now owns 1,133,621 shares of the scientific and technical instruments company’s stock valued at $131,103,000 after acquiring an additional 131,075 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of MKS Instruments by 139.7% in the 4th quarter. Macquarie Group Ltd. now owns 219,277 shares of the scientific and technical instruments company’s stock valued at $20,722,000 after acquiring an additional 127,813 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of MKS Instruments by 245.2% in the 4th quarter. American International Group Inc. now owns 147,528 shares of the scientific and technical instruments company’s stock valued at $13,941,000 after acquiring an additional 104,785 shares in the last quarter. 93.47% of the stock is owned by institutional investors and hedge funds.

In other MKS Instruments news, Director Elizabeth Mora sold 516 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $116.42, for a total value of $60,072.72. Following the completion of the sale, the director now owns 16,537 shares in the company, valued at approximately $1,925,237.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter Hanley sold 250 shares of the stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $113.70, for a total transaction of $28,425.00. Following the completion of the sale, the director now owns 3,241 shares of the company’s stock, valued at approximately $368,501.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,097 shares of company stock valued at $4,929,155. Insiders own 1.67% of the company’s stock.

MKSI has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. KeyCorp restated a “buy” rating on shares of MKS Instruments in a research report on Friday, February 2nd. Stifel Nicolaus restated a “buy” rating and issued a $133.00 price target on shares of MKS Instruments in a research report on Thursday, February 1st. Dougherty & Co restated a “buy” rating on shares of MKS Instruments in a research report on Sunday, February 4th. Finally, ValuEngine downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. MKS Instruments has a consensus rating of “Buy” and an average target price of $125.00.

MKSI stock opened at $112.75 on Monday. MKS Instruments, Inc. has a 12-month low of $65.90 and a 12-month high of $128.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.49 and a quick ratio of 3.24. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.01 and a beta of 0.95.

MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. MKS Instruments had a net margin of 18.65% and a return on equity of 23.94%. The company had revenue of $554.00 million during the quarter, compared to the consensus estimate of $530.68 million. During the same quarter in the prior year, the firm earned $1.27 EPS. The company’s revenue was up 26.7% compared to the same quarter last year. research analysts expect that MKS Instruments, Inc. will post 8.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Monday, May 28th will be given a $0.20 dividend. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 24th. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. MKS Instruments’s dividend payout ratio is presently 12.08%.

About MKS Instruments

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.

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

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