Starr International Co. Inc. bought a new position in MKS Instruments, Inc. (NASDAQ:MKSI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,251 shares of the scientific and technical instruments company’s stock, valued at approximately $209,000.
Several other institutional investors have also recently added to or reduced their stakes in MKSI. Vanguard Group Inc. grew its position in shares of MKS Instruments by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,970,996 shares of the scientific and technical instruments company’s stock worth $398,425,000 after buying an additional 35,168 shares during the last quarter. LPL Financial LLC lifted its stake in MKS Instruments by 95.1% during the 4th quarter. LPL Financial LLC now owns 5,447 shares of the scientific and technical instruments company’s stock valued at $352,000 after acquiring an additional 2,655 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in MKS Instruments by 315.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,245 shares of the scientific and technical instruments company’s stock valued at $468,000 after acquiring an additional 5,500 shares during the period. Thrivent Financial for Lutherans lifted its stake in MKS Instruments by 5.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,189 shares of the scientific and technical instruments company’s stock valued at $1,057,000 after acquiring an additional 730 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in MKS Instruments by 3.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 90,783 shares of the scientific and technical instruments company’s stock valued at $7,276,000 after acquiring an additional 3,207 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.
Shares of MKSI traded up $0.26 during mid-day trading on Friday, hitting $74.36. 361,631 shares of the company’s stock were exchanged, compared to its average volume of 622,621. The stock has a market capitalization of $4.04 billion, a PE ratio of 9.50, a P/E/G ratio of 1.18 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 earnings results on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.05. The firm had revenue of $463.60 million for the quarter, compared to analysts’ expectations of $460.64 million. MKS Instruments had a net margin of 15.13% and a return on equity of 20.38%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.07 earnings per share. On average, sell-side 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. Shareholders of record on Monday, May 27th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.80 annualized dividend and a yield of 1.08%. MKS Instruments’s dividend payout ratio is currently 10.22%.
A number of research firms have recently issued reports on MKSI. BidaskClub lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Deutsche Bank upped their price objective on shares of MKS Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. ValuEngine raised shares of MKS Instruments from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Susquehanna Bancshares began coverage on shares of MKS Instruments in a research report on Wednesday, May 15th. They issued a “positive” rating and a $123.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $113.44.
In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $83.90, for a total value of $31,462.50. Following the transaction, the director now directly owns 15,037 shares in the company, valued at $1,261,604.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.24% of the company’s stock.
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.
Further Reading: Buy-Side Analysts
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