Aperio Group LLC increased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 17.9% during the second quarter, Holdings Channel reports. The firm owned 16,641 shares of the scientific and technical instruments company’s stock after buying an additional 2,528 shares during the period. Aperio Group LLC’s holdings in MKS Instruments were worth $1,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKSI. Louisiana State Employees Retirement System increased its position in shares of MKS Instruments by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the scientific and technical instruments company’s stock valued at $1,481,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC increased its position in shares of MKS Instruments by 7.4% in the second quarter. Nisa Investment Advisors LLC now owns 20,490 shares of the scientific and technical instruments company’s stock valued at $1,401,000 after buying an additional 1,420 shares during the period. LS Investment Advisors LLC increased its position in shares of MKS Instruments by 0.5% in the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 19 shares during the period. James Investment Research Inc. bought a new position in shares of MKS Instruments during the second quarter valued at $1,236,000. Finally, Somerset Trust Co bought a new position in shares of MKS Instruments during the second quarter valued at $374,000. Institutional investors own 97.04% of the company’s stock.

MKS Instruments, Inc. (NASDAQ MKSI) traded up 2.46% during mid-day trading on Wednesday, hitting $83.45. The company had a trading volume of 243,283 shares. The firm has a market cap of $4.53 billion, a P/E ratio of 17.33 and a beta of 1.07. MKS Instruments, Inc. has a 52-week low of $45.85 and a 52-week high of $88.40. The stock’s 50 day moving average price is $77.24 and its 200 day moving average price is $73.61.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The firm had revenue of $481 million for the quarter, compared to analysts’ expectations of $463.86 million. During the same period last year, the firm earned $0.72 EPS. The firm’s revenue was up 47.6% compared to the same quarter last year. On average, equities research analysts predict that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio is currently 14.58%.

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Several brokerages have weighed in on MKSI. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 target price (up from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Deutsche Bank AG began coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price on the stock. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Dougherty & Co reiterated a “buy” rating and issued a $100.00 target price (up from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. Seven analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $84.00.

In related news, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the sale, the vice president now directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gerard G. Colella sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $79.30, for a total value of $198,250.00. Following the completion of the sale, the chief executive officer now owns 5,025 shares in the company, valued at $398,482.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,050 shares of company stock worth $482,878. 1.65% of the stock is owned by insiders.

About MKS Instruments

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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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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