Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 302.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,264 shares of the scientific and technical instruments company’s stock after buying an additional 87,379 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.21% of MKS Instruments worth $10,818,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of MKS Instruments by 0.7% in the third quarter. Vanguard Group Inc. now owns 4,970,996 shares of the scientific and technical instruments company’s stock valued at $398,425,000 after buying an additional 35,168 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of MKS Instruments by 0.7% in the third quarter. Vanguard Group Inc now owns 4,970,996 shares of the scientific and technical instruments company’s stock valued at $398,425,000 after buying an additional 35,168 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of MKS Instruments by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,752,542 shares of the scientific and technical instruments company’s stock valued at $113,231,000 after buying an additional 107,462 shares in the last quarter. Royce & Associates LP boosted its stake in shares of MKS Instruments by 31.8% in the fourth quarter. Royce & Associates LP now owns 1,402,765 shares of the scientific and technical instruments company’s stock valued at $90,633,000 after buying an additional 338,387 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of MKS Instruments by 4.1% in the third quarter. Neuberger Berman Group LLC now owns 1,172,658 shares of the scientific and technical instruments company’s stock valued at $93,989,000 after buying an additional 46,125 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors.
In other news, Director Elizabeth Mora sold 375 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $83.90, for a total value of $31,462.50. Following the completion of the transaction, the director now directly owns 15,037 shares of the company’s stock, valued at $1,261,604.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.24% of the company’s stock.
A number of analysts recently weighed in on MKSI shares. Benchmark restated a “buy” rating and issued a $98.00 price target on shares of MKS Instruments in a research note on Thursday, January 31st. ValuEngine upgraded MKS Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Stifel Nicolaus lifted their price target on MKS Instruments from $100.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Zacks Investment Research downgraded MKS Instruments from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Cowen restated a “buy” rating on shares of MKS Instruments in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $113.44.
MKSI stock traded down $0.58 during midday trading on Wednesday, hitting $75.19. 323,062 shares of the stock were exchanged, compared to its average volume of 624,614. The stock has a market cap of $4.10 billion, a PE ratio of 9.60, a P/E/G ratio of 1.22 and a beta of 1.30. MKS Instruments, Inc. has a fifty-two week low of $56.37 and a fifty-two week high of $118.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.98 and a current ratio of 4.59.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $463.60 million during the quarter, compared to analysts’ expectations of $460.64 million. MKS Instruments had a return on equity of 20.38% and a net margin of 15.13%. MKS Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.07 earnings per share. As a group, equities research analysts predict that MKS Instruments, Inc. will post 5.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.06%. MKS Instruments’s dividend payout ratio (DPR) is 10.22%.
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MKS Instruments Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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