Airain ltd Raises Position in MKS Instruments, Inc. (MKSI)
Airain ltd boosted its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 44.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,032 shares of the scientific and technical instruments company’s stock after buying an additional 8,677 shares during the period. Airain ltd owned about 0.05% of MKS Instruments worth $1,887,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in MKS Instruments by 4.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 239,015 shares of the scientific and technical instruments company’s stock valued at $16,086,000 after buying an additional 9,845 shares during the last quarter. Prudential Financial Inc. increased its stake in MKS Instruments by 5.9% in the second quarter. Prudential Financial Inc. now owns 106,833 shares of the scientific and technical instruments company’s stock valued at $7,190,000 after buying an additional 5,990 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in MKS Instruments by 1.5% in the second quarter. GHP Investment Advisors Inc. now owns 34,083 shares of the scientific and technical instruments company’s stock valued at $2,294,000 after buying an additional 492 shares during the last quarter. Great Lakes Advisors LLC increased its stake in MKS Instruments by 3.2% in the second quarter. Great Lakes Advisors LLC now owns 8,375 shares of the scientific and technical instruments company’s stock valued at $564,000 after buying an additional 259 shares during the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new stake in MKS Instruments during the second quarter valued at $236,000. 95.83% of the stock is owned by institutional investors and hedge funds.
Shares of MKS Instruments, Inc. (MKSI) opened at 82.10 on Thursday. The stock has a market capitalization of $4.46 billion, a P/E ratio of 17.05 and a beta of 1.07. The firm’s 50-day moving average price is $79.55 and its 200 day moving average price is $74.27. MKS Instruments, Inc. has a 1-year low of $45.85 and a 1-year high of $88.40.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The firm had revenue of $481 million for the quarter, compared to analysts’ expectations of $463.86 million. During the same period in the prior year, the firm earned $0.72 earnings per share. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. Analysts expect that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.70 annualized dividend and a dividend yield of 0.85%. MKS Instruments’s dividend payout ratio (DPR) is currently 14.58%.
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Several research firms have recently weighed in on MKSI. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and issued a $98.00 target price (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Deutsche Bank AG began coverage on MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price for the company. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. MKS Instruments has a consensus rating of “Buy” and an average target price of $84.00.
In other news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total transaction of $158,600.00. Following the sale, the vice president now directly owns 15,785 shares of the company’s stock, valued at $1,251,750.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Hanley sold 1,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now directly owns 3,372 shares in the company, valued at $280,617.84. The disclosure for this sale can be found here. Insiders have sold 3,250 shares of company stock worth $260,058 over the last three months. 1.65% of the stock is owned by insiders.
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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