SFE Investment Counsel Purchases New Stake in MKS Instruments, Inc. (MKSI)
SFE Investment Counsel purchased a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,923 shares of the scientific and technical instruments company’s stock, valued at approximately $466,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 712 shares in the last quarter. Creative Planning boosted its position in shares of MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 416 shares in the last quarter. Suntrust Banks Inc. purchased a new position in shares of MKS Instruments during the first quarter valued at $209,000. Piedmont Investment Advisors LLC purchased a new position in shares of MKS Instruments during the first quarter valued at $221,000. Finally, Intrust Bank NA purchased a new position in shares of MKS Instruments during the first quarter valued at $228,000. 97.04% of the stock is owned by institutional investors.
Shares of MKS Instruments, Inc. (MKSI) opened at 81.45 on Wednesday. The stock has a market capitalization of $4.42 billion, a P/E ratio of 16.92 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 company has a 50-day moving average price of $77.24 and a 200 day moving average price of $73.61.
MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. The firm had revenue of $481 million during the quarter, compared to analysts’ expectations of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company’s revenue was up 47.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. Analysts forecast that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be given 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 0.86%. MKS Instruments’s dividend payout ratio is currently 14.58%.
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Several equities research analysts recently issued reports on MKSI shares. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Stifel Nicolaus reissued a “buy” rating and issued a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Friday, April 21st. Dougherty & Co reissued a “buy” rating and issued a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Seven analysts have rated the stock with a buy rating, MKS Instruments presently has a consensus rating of “Buy” and a consensus target price of $84.00.
In related news, Director Peter Hanley sold 1,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now owns 3,372 shares in the company, valued at $280,617.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction dated 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 owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders have sold 6,050 shares of company stock valued at $482,878 over the last ninety days. 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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