3 days Ago By ABMN Staff
California Public Employees Retirement System decreased its position in shares of MKS Instruments, Inc. ( NASDAQ:MKSI – Free Report ) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 105,328 shares of the scientific and technical instruments company’s stock after selling 7,457 shares during the period. California Public Employees Retirement System’s holdings in MKS Instruments were worth $10,995,000 at the end of the most recent quarter. Several other large investors have also added to or reduced their stakes in the company.
Quadrature Capital Ltd purchased a new position in shares of MKS Instruments in the third quarter valued at about $379,000. Stifel Financial Corp raised its stake in MKS Instruments by 0.5% during the 3rd quarter.
Stifel Financial Corp now owns 59,739 shares of the scientific and technical instruments company’s stock valued at $6,495,000 after purchasing an additional 288 shares during the period. State Street Corp lifted its holdings in MKS Instruments by 3.5% in the 3rd quarter.
State Street Corp now owns 1,954,881 shares of the scientific and technical instruments company’s stock worth $212,515,000 after purchasing an additional 65,200 shares in the last quarter. Weiss Asset Management LP bought a new position in MKS Instruments in the 3rd quarter worth approximately $1,849,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in MKS Instruments by 38.
6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,254 shares of the scientific and technical instruments company’s stock valued at $229,000 after buying an additional 628 shares in the last quarter. Hedge funds and other institutional investors own 99.
79% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co.
started coverage on shares of MKS Instruments in a research report on Friday, December 13th. They set an “overweight” rating and a $145.00 target price for the company.
Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 price target on shares of MKS Instruments in a research note on Thursday, February 13th. Citigroup upgraded MKS Instruments from a “neutral” rating to a “buy” rating and set a $130.
00 price objective for the company in a research report on Monday, January 6th. Benchmark decreased their target price on MKS Instruments from $142.00 to $135.
00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley dropped their price target on MKS Instruments from $150.00 to $147.
00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.
com, MKS Instruments has a consensus rating of “Moderate Buy” and a consensus target price of $140.08. MKS Instruments Price Performance NASDAQ:MKSI opened at $60.
29 on Monday. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 21.
53, a PEG ratio of 1.02 and a beta of 1.81.
The company has a debt-to-equity ratio of 1.93, a current ratio of 3.19 and a quick ratio of 2.
04. The business has a 50 day simple moving average of $94.63 and a 200-day simple moving average of $104.
19. MKS Instruments, Inc. has a 1 year low of $54.
84 and a 1 year high of $147.40. MKS Instruments ( NASDAQ:MKSI – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 12th.
The scientific and technical instruments company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.
23. MKS Instruments had a return on equity of 18.94% and a net margin of 5.
30%. Equities analysts forecast that MKS Instruments, Inc. will post 6.
94 EPS for the current year. MKS Instruments Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were issued a dividend of $0.
22 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.
88 annualized dividend and a yield of 1.46%. MKS Instruments’s payout ratio is 31.
43%. Insider Buying and Selling In other news, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.
46, for a total transaction of $25,426.50. Following the completion of the sale, the director now directly owns 17,384 shares of the company’s stock, valued at approximately $1,607,324.
64. The trade was a 1.56 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Gerard G. Colella sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 18th.
The stock was sold at an average price of $104.53, for a total transaction of $836,240.00.
Following the completion of the transaction, the director now owns 60,017 shares in the company, valued at approximately $6,273,577.01. The trade was a 11.
76 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 0.
46% of the stock is currently owned by corporate insiders. About MKS Instruments ( Free Report ) MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.
Featured Stories 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 – Free Report ).
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 ..
