Engineers Gate Manager LP bought a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,117 shares of the scientific and technical instruments company’s stock, valued at approximately $2,414,000. Engineers Gate Manager LP owned approximately 0.05% of MKS Instruments as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in MKSI. LPL Financial LLC bought a new position in MKS Instruments during the first quarter valued at about $531,000. Legal & General Group Plc boosted its stake in MKS Instruments by 14.3% during the first quarter. Legal & General Group Plc now owns 57,292 shares of the scientific and technical instruments company’s stock valued at $6,626,000 after buying an additional 7,175 shares in the last quarter. Principal Financial Group Inc. boosted its stake in MKS Instruments by 26.4% during the first quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock valued at $103,804,000 after buying an additional 187,491 shares in the last quarter. Suntrust Banks Inc. boosted its stake in MKS Instruments by 58.3% during the first quarter. Suntrust Banks Inc. now owns 3,446 shares of the scientific and technical instruments company’s stock valued at $398,000 after buying an additional 1,269 shares in the last quarter. Finally, Polianta Ltd bought a new position in MKS Instruments during the second quarter valued at about $1,110,000. 90.13% of the stock is owned by institutional investors and hedge funds.
MKSI has been the subject of several analyst reports. Zacks Investment Research downgraded MKS Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Citigroup reduced their target price on MKS Instruments from $118.00 to $101.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. ValuEngine downgraded MKS Instruments from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. BidaskClub raised MKS Instruments from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Cowen set a $100.00 target price on MKS Instruments and gave the company a “buy” rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $118.00.
Shares of NASDAQ MKSI opened at $76.19 on Wednesday. MKS Instruments, Inc. has a 12 month low of $67.83 and a 12 month high of $128.28. The firm has a market cap of $4.29 billion, a PE ratio of 9.79, a P/E/G ratio of 0.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.38 and a quick ratio of 3.86.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.72 by $0.16. MKS Instruments had a return on equity of 25.57% and a net margin of 18.76%. The business had revenue of $487.00 million during the quarter, compared to the consensus estimate of $492.88 million. During the same period in the prior year, the business posted $1.56 earnings per share. MKS Instruments’s revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that MKS Instruments, Inc. will post 7.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, November 23rd. MKS Instruments’s dividend payout ratio is 13.42%.
In other news, Director Elizabeth Mora sold 375 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $92.50, for a total transaction of $34,687.50. Following the completion of the sale, the director now directly owns 15,787 shares of the company’s stock, valued at $1,460,297.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.67% of the company’s stock.
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MKS Instruments Company Profile
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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