New York State Common Retirement Fund cut its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,486 shares of the scientific and technical instruments company’s stock after selling 6,012 shares during the quarter. New York State Common Retirement Fund’s holdings in MKS Instruments were worth $9,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp boosted its position in MKS Instruments by 0.7% during the fourth quarter. State Street Corp now owns 1,358,671 shares of the scientific and technical instruments company’s stock worth $149,467,000 after acquiring an additional 9,545 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in MKS Instruments by 2.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 656,689 shares of the scientific and technical instruments company’s stock worth $72,242,000 after acquiring an additional 17,724 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in MKS Instruments by 9.9% during the fourth quarter. Pictet Asset Management Ltd. now owns 647,235 shares of the scientific and technical instruments company’s stock worth $71,202,000 after acquiring an additional 58,239 shares during the last quarter. Geode Capital Management LLC boosted its position in MKS Instruments by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 643,856 shares of the scientific and technical instruments company’s stock worth $70,831,000 after acquiring an additional 19,786 shares during the last quarter. Finally, Norges Bank acquired a new position in MKS Instruments during the fourth quarter worth about $64,326,000. Hedge funds and other institutional investors own 92.96% of the company’s stock.

In other news, Director Jacqueline F. Moloney sold 307 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $81.45, for a total value of $25,005.15. Following the transaction, the director now directly owns 7,013 shares in the company, valued at approximately $571,208.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $96.55, for a total transaction of $482,750.00. Following the completion of the transaction, the director now owns 2 shares in the company, valued at $193.10. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a research report on Wednesday, April 15th. KeyCorp boosted their target price on shares of MKS Instruments from $117.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $134.00 target price on shares of MKS Instruments in a report on Sunday, February 2nd. Deutsche Bank decreased their target price on shares of MKS Instruments from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Finally, Citigroup boosted their target price on shares of MKS Instruments from $85.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. MKS Instruments has an average rating of “Buy” and an average price target of $118.00.

NASDAQ:MKSI opened at $99.54 on Friday. The company’s 50-day moving average is $91.76 and its two-hundred day moving average is $102.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.53 and a quick ratio of 3.05. MKS Instruments, Inc. has a 1-year low of $66.87 and a 1-year high of $122.30. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 27.88 and a beta of 1.50.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.24 by $0.30. MKS Instruments had a net margin of 9.99% and a return on equity of 13.64%. The firm had revenue of $535.70 million for the quarter, compared to analyst estimates of $508.65 million. During the same period in the prior year, the business posted $1.12 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities analysts anticipate that MKS Instruments, Inc. will post 4.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 25th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.80 annualized dividend and a dividend yield of 0.80%. MKS Instruments’s dividend payout ratio is currently 17.70%.

About MKS Instruments

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.

Recommended Story: Cost of Equity For A Business, Investors

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.