MKS Instruments, Inc. (MKSI) Stake Increased by SG Americas Securities LLC
SG Americas Securities LLC lifted its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 260.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,483 shares of the scientific and technical instruments company’s stock after buying an additional 61,044 shares during the period. SG Americas Securities LLC owned approximately 0.15% of MKS Instruments worth $8,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in MKSI. Cerebellum GP LLC increased its holdings in shares of MKS Instruments by 239.6% during the 2nd quarter. Cerebellum GP LLC now owns 1,854 shares of the scientific and technical instruments company’s stock worth $177,000 after buying an additional 1,308 shares during the last quarter. Optimum Investment Advisors acquired a new stake in shares of MKS Instruments during the 1st quarter worth approximately $202,000. Visionary Asset Management Inc. acquired a new stake in shares of MKS Instruments during the 2nd quarter worth approximately $209,000. CIBC Asset Management Inc acquired a new stake in shares of MKS Instruments during the 1st quarter worth approximately $223,000. Finally, Creative Planning increased its holdings in MKS Instruments by 34.8% in the 2nd quarter. Creative Planning now owns 2,423 shares of the scientific and technical instruments company’s stock valued at $232,000 after purchasing an additional 625 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.
Several research firms recently weighed in on MKSI. Stifel Nicolaus lifted their target price on shares of MKS Instruments from $147.00 to $155.00 and gave the company a “buy” rating in a report on Monday, June 18th. Cowen began coverage on shares of MKS Instruments in a report on Monday, May 14th. They issued an “outperform” rating and a $135.00 target price for the company. KeyCorp reiterated a “buy” rating and issued a $135.00 target price on shares of MKS Instruments in a report on Thursday, July 26th. ValuEngine downgraded shares of MKS Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Finally, BidaskClub upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $129.88.
MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.11. MKS Instruments had a net margin of 17.95% and a return on equity of 25.69%. The firm had revenue of $573.14 million during the quarter, compared to the consensus estimate of $567.99 million. During the same quarter last year, the firm earned $1.41 EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. sell-side analysts expect that MKS Instruments, Inc. will post 8.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Monday, August 27th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 24th. This represents a $0.80 annualized dividend and a yield of 0.90%. MKS Instruments’s dividend payout ratio (DPR) is presently 13.42%.
In other MKS Instruments news, Director Jacqueline F. Moloney sold 750 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $100.20, for a total value of $75,150.00. Following the completion of the transaction, the director now owns 6,570 shares in the company, valued at $658,314. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Hanley sold 1,240 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $94.39, for a total transaction of $117,043.60. Following the completion of the transaction, the director now owns 1,501 shares of the company’s stock, valued at approximately $141,679.39. The disclosure for this sale can be found here. Insiders sold a total of 2,998 shares of company stock valued at $309,377 in the last quarter. 1.67% of the stock is owned by insiders.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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