Kestra Private Wealth Services LLC purchased a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,356 shares of the scientific and technical instruments company’s stock, valued at approximately $203,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY raised its position in MKS Instruments by 6.3% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 63,700 shares of the scientific and technical instruments company’s stock worth $9,555,000 after buying an additional 3,800 shares during the last quarter. First National Bank of Omaha raised its holdings in MKS Instruments by 7.3% during the first quarter. First National Bank of Omaha now owns 53,277 shares of the scientific and technical instruments company’s stock worth $7,991,000 after purchasing an additional 3,622 shares in the last quarter. Capital Group Private Client Services Inc. raised its holdings in MKS Instruments by 1.6% during the first quarter. Capital Group Private Client Services Inc. now owns 131,232 shares of the scientific and technical instruments company’s stock worth $19,685,000 after purchasing an additional 2,128 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its position in MKS Instruments by 20.3% in the first quarter. Strategic Wealth Partners Ltd. now owns 7,456 shares of the scientific and technical instruments company’s stock valued at $1,118,000 after purchasing an additional 1,258 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in MKS Instruments by 39.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 113,145 shares of the scientific and technical instruments company’s stock valued at $16,972,000 after purchasing an additional 31,959 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.
MKS Instruments Stock Performance
NASDAQ:MKSI opened at $87.35 on Thursday. The company has a current ratio of 5.14, a quick ratio of 3.63 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.87 billion, a P/E ratio of 8.77 and a beta of 1.57. The firm has a 50-day moving average price of $106.17 and a two-hundred day moving average price of $116.41. MKS Instruments, Inc. has a twelve month low of $87.29 and a twelve month high of $181.03.
MKS Instruments (NASDAQ:MKSI – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.28. MKS Instruments had a return on equity of 21.04% and a net margin of 18.44%. The firm had revenue of $765.00 million during the quarter, compared to the consensus estimate of $733.55 million. During the same period in the previous year, the firm posted $3.02 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts expect that MKS Instruments, Inc. will post 10.74 earnings per share for the current fiscal year.
MKS Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 8th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, August 5th. MKS Instruments’s payout ratio is currently 8.84%.
Wall Street Analysts Forecast Growth
MKSI has been the subject of a number of analyst reports. Stifel Nicolaus cut their target price on MKS Instruments from $242.00 to $230.00 in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of MKS Instruments from $150.00 to $125.00 in a research report on Monday, July 18th. Wells Fargo & Company lowered their price target on shares of MKS Instruments from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 1st. StockNews.com cut shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd. Finally, Needham & Company LLC upped their target price on shares of MKS Instruments from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, MKS Instruments has an average rating of “Moderate Buy” and an average price target of $160.63.
Insider Buying and Selling
In other news, Director Peter Cannone III bought 250 shares of MKS Instruments stock in a transaction on Monday, August 1st. The shares were bought at an average cost of $120.06 per share, for a total transaction of $30,015.00. Following the acquisition, the director now owns 3,142 shares in the company, valued at $377,228.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.
MKS Instruments Profile
MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products.
Receive News & Ratings for MKS Instruments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MKS Instruments and related companies with MarketBeat.com’s FREE daily email newsletter.