Strs Ohio raised its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 545.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,300 shares of the scientific and technical instruments company’s stock after purchasing an additional 44,200 shares during the period. Strs Ohio owned about 0.10% of MKS Instruments worth $4,939,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC grew its holdings in shares of MKS Instruments by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock worth $139,000 after acquiring an additional 863 shares during the period. Creative Planning grew its position in MKS Instruments by 22.8% during the 2nd quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock worth $151,000 after purchasing an additional 416 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MKS Instruments by 12.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,482 shares of the scientific and technical instruments company’s stock valued at $167,000 after acquiring an additional 281 shares in the last quarter. Good Life Advisors LLC acquired a new stake in shares of MKS Instruments in the 2nd quarter valued at $203,000. Finally, Zweig DiMenna Associates LLC acquired a new position in MKS Instruments during the 2nd quarter worth $236,000. 97.24% of the stock is owned by hedge funds and other institutional investors.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $107.90, for a total transaction of $215,800.00. Following the sale, the vice president now directly owns 13,785 shares of the company’s stock, valued at approximately $1,487,401.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Tseng-Chung Lee sold 2,113 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $104.02, for a total transaction of $219,794.26. Following the completion of the transaction, the chief operating officer now owns 1 shares in the company, valued at approximately $104.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,213 shares of company stock valued at $1,128,879. 1.65% of the stock is owned by insiders.
A number of research analysts recently weighed in on the stock. KeyCorp reaffirmed an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 price target (up previously from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Dougherty & Co boosted their price target on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Deutsche Bank AG increased their price target on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $109.75.
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MKS Instruments, Inc. (NASDAQ:MKSI) remained flat at $$104.15 on Tuesday. 398,900 shares of the company were exchanged, compared to its average volume of 472,615. The company has a current ratio of 4.23, a quick ratio of 3.10 and a debt-to-equity ratio of 0.29. MKS Instruments, Inc. has a one year low of $52.35 and a one year high of $110.60. The stock has a market capitalization of $5,630.00, a PE ratio of 19.69, a P/E/G ratio of 1.13 and a beta of 1.11.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The firm had revenue of $486.27 million for the quarter, compared to analysts’ expectations of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. equities research analysts predict that MKS Instruments, Inc. will post 5.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 27th will be given a dividend of $0.18 per share. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, November 24th. This represents a $0.72 annualized dividend and a dividend yield of 0.69%. MKS Instruments’s dividend payout ratio is currently 12.52%.
MKS Instruments Company 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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