TimesSquare Capital Management LLC Has $101.24 Million Holdings in MKS Instruments, Inc. (MKSI)
TimesSquare Capital Management LLC lowered its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 14.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,071,835 shares of the scientific and technical instruments company’s stock after selling 176,900 shares during the quarter. TimesSquare Capital Management LLC owned about 1.97% of MKS Instruments worth $101,235,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of MKS Instruments in the second quarter valued at approximately $31,823,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of MKS Instruments in the third quarter valued at approximately $41,700,000. Koch Industries Inc. bought a new position in shares of MKS Instruments in the second quarter valued at approximately $358,000. Lazard Asset Management LLC bought a new position in shares of MKS Instruments in the second quarter valued at approximately $17,771,000. Finally, Rothschild Asset Management Inc. bought a new position in shares of MKS Instruments in the third quarter valued at approximately $24,693,000. Institutional investors own 95.11% of the company’s stock.
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Several research analysts have recently issued reports on MKSI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. BidaskClub cut shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. KeyCorp reiterated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a report on Saturday, September 16th. Deutsche Bank AG increased their price objective on shares of MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Dougherty & Co increased their price objective on shares of MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $109.75.
In related news, CFO Seth H. Bagshaw sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the sale, the chief financial officer now directly owns 21,615 shares in the company, valued at $1,854,567. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $107.90, for a total transaction of $215,800.00. Following the sale, the vice president now owns 13,785 shares of the company’s stock, valued at $1,487,401.50. The disclosure for this sale can be found here. Insiders have sold 12,213 shares of company stock valued at $1,128,879 over the last 90 days. 1.65% of the stock is currently owned by insiders.
MKS Instruments, Inc. (MKSI) opened at $104.65 on Friday. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29. The stock has a market cap of $5,681.93, a P/E ratio of 19.78, a PEG ratio of 1.13 and a beta of 1.11. MKS Instruments, Inc. has a 1-year low of $53.51 and a 1-year high of $110.60.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. The business had revenue of $486.27 million during the quarter, compared to analysts’ expectations of $476.24 million. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The business’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. analysts anticipate that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, November 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 12.54%.
MKS Instruments 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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