Highbridge Capital Management LLC acquired a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,738 shares of the scientific and technical instruments company’s stock, valued at approximately $258,000.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of MKS Instruments by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock valued at $327,924,000 after purchasing an additional 163,192 shares during the last quarter. State Street Corp boosted its stake in shares of MKS Instruments by 4.9% in the 2nd quarter. State Street Corp now owns 1,350,159 shares of the scientific and technical instruments company’s stock valued at $90,865,000 after purchasing an additional 63,140 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of MKS Instruments by 121.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 869,399 shares of the scientific and technical instruments company’s stock valued at $82,115,000 after purchasing an additional 476,810 shares during the last quarter. Northern Trust Corp boosted its stake in shares of MKS Instruments by 4.6% in the 2nd quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock valued at $49,954,000 after purchasing an additional 32,701 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of MKS Instruments by 34.6% in the 3rd quarter. Principal Financial Group Inc. now owns 569,835 shares of the scientific and technical instruments company’s stock valued at $53,822,000 after purchasing an additional 146,476 shares during the last quarter. 95.42% of the stock is currently owned by institutional investors.

MKS Instruments, Inc. (NASDAQ:MKSI) opened at $97.80 on Wednesday. The stock has a market cap of $5,277.43, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.05 and a beta of 1.04. MKS Instruments, Inc. has a 12 month low of $58.80 and a 12 month high of $110.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.10 and a current ratio of 4.23.

MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The business had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. MKS Instruments’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. analysts predict that MKS Instruments, Inc. will post 5.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were issued a dividend of $0.18 per share. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, November 24th. This represents a $0.72 annualized dividend and a yield of 0.74%. MKS Instruments’s dividend payout ratio is presently 12.90%.

In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $107.90, for a total transaction of $215,800.00. Following the transaction, the vice president now owns 13,785 shares in the company, valued at $1,487,401.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $95.26, for a total transaction of $476,300.00. Following the transaction, the chief executive officer now owns 5,025 shares in the company, valued at approximately $478,681.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,252 shares of company stock worth $1,311,187. Corporate insiders own 1.65% of the company’s stock.

Several research analysts recently issued reports on MKSI shares. KeyCorp reissued an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research note on Saturday, September 16th. Stifel Nicolaus reissued a “buy” rating on shares of MKS Instruments in a research note on Sunday, October 1st. Deutsche Bank increased their target price on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Dougherty & Co increased their target price on shares of MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, ValuEngine lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. MKS Instruments currently has a consensus rating of “Buy” and an average target price of $109.75.

TRADEMARK VIOLATION WARNING: “Highbridge Capital Management LLC Takes $258,000 Position in MKS Instruments, Inc. (MKSI)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/highbridge-capital-management-llc-takes-258000-position-in-mks-instruments-inc-mksi/1773973.html.

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.

Want to see what other hedge funds are holding MKSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MKS Instruments, Inc. (NASDAQ:MKSI).

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

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.