1 week Ago By ABMN Staff
Rhumbline Advisers cut its position in shares of MKS Instruments, Inc. ( NASDAQ:MKSI – Free Report ) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 179,562 shares of the scientific and technical instruments company’s stock after selling 4,198 shares during the quarter. Rhumbline Advisers owned 0.27% of MKS Instruments worth $23,447,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of MKS Instruments by 3,902.1% in the 4th quarter.
International Assets Investment Management LLC now owns 7,724 shares of the scientific and technical instruments company’s stock valued at $795,000 after purchasing an additional 7,531 shares during the period. Truist Financial Corp grew its position in MKS Instruments by 5.6% in the fourth quarter.
Truist Financial Corp now owns 5,139 shares of the scientific and technical instruments company’s stock valued at $529,000 after acquiring an additional 271 shares during the period. Russell Investments Group Ltd. raised its stake in MKS Instruments by 30.
2% during the fourth quarter. Russell Investments Group Ltd. now owns 40,747 shares of the scientific and technical instruments company’s stock worth $4,192,000 after acquiring an additional 9,454 shares in the last quarter.
Private Advisor Group LLC bought a new position in MKS Instruments during the 4th quarter valued at about $209,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of MKS Instruments by 1.
8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 597,309 shares of the scientific and technical instruments company’s stock worth $61,445,000 after acquiring an additional 10,506 shares in the last quarter.
99.79% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In Several brokerages have issued reports on MKSI.
Morgan Stanley began coverage on MKS Instruments in a research report on Monday, August 5th. They issued an “overweight” rating and a $155.00 price objective for the company.
TD Cowen boosted their price target on shares of MKS Instruments from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th.
KeyCorp increased their target price on MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, July 12th.
Benchmark reaffirmed a “buy” rating and issued a $142.00 target price on shares of MKS Instruments in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group initiated coverage on shares of MKS Instruments in a research report on Tuesday, September 3rd.
They set a “neutral” rating and a $129.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock.
According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.67. MKS Instruments Price Performance NASDAQ:MKSI opened at $104.
43 on Friday. The stock’s 50-day simple moving average is $122.11 and its 200 day simple moving average is $124.
69. MKS Instruments, Inc. has a 52-week low of $63.
44 and a 52-week high of $147.40. The company has a debt-to-equity ratio of 2.
16, a quick ratio of 2.31 and a current ratio of 3.58.
The company has a market cap of $7.00 billion, a P/E ratio of -3.91, a P/E/G ratio of 1.
15 and a beta of 1.64. MKS Instruments ( NASDAQ:MKSI – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th.
The scientific and technical instruments company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.
51. MKS Instruments had a return on equity of 14.91% and a net margin of 0.
25%. The business had revenue of $887.00 million during the quarter, compared to analysts’ expectations of $866.
38 million. During the same quarter last year, the company posted $1.32 earnings per share.
MKS Instruments’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that MKS Instruments, Inc.
will post 5.58 EPS for the current fiscal year. MKS Instruments Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, September 6th.
Investors of record on Monday, August 26th were issued a dividend of $0.22 per share. This represents a $0.
88 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, August 26th.
MKS Instruments’s payout ratio is -3.30%. Insider Activity at MKS Instruments In other MKS Instruments news, Director Jacqueline F.
Moloney sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $123.46, for a total transaction of $30,865.
00. Following the completion of the sale, the director now directly owns 10,533 shares in the company, valued at $1,300,404.18.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . In other MKS Instruments news, EVP John Edward Williams sold 1,800 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.
71, for a total value of $213,678.00. Following the completion of the sale, the executive vice president now owns 13 shares of the company’s stock, valued at approximately $1,543.
23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Jacqueline F.
Moloney sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $123.46, for a total transaction of $30,865.
00. Following the transaction, the director now directly owns 10,533 shares in the company, valued at $1,300,404.18.
The disclosure for this sale can be found here . In the last 90 days, insiders have sold 2,325 shares of company stock worth $276,435. Insiders own 0.
46% of the company’s stock. 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.
Recommended Stories 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 ..
