BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,946 shares of the scientific and technical instruments company’s stock, valued at approximately $339,000.
Other hedge funds also recently modified their holdings of the company. Tudor Investment Corp Et Al lifted its position in shares of MKS Instruments by 30.7% during the third quarter. Tudor Investment Corp Et Al now owns 34,111 shares of the scientific and technical instruments company’s stock worth $5,148,000 after purchasing an additional 8,016 shares during the last quarter. Central Securities Corp bought a new position in shares of MKS Instruments during the third quarter worth about $12,073,000. Hudson Value Partners LLC bought a new position in shares of MKS Instruments during the fourth quarter worth about $1,616,000. Highland Capital Management LLC acquired a new stake in MKS Instruments during the third quarter worth about $4,592,000. Finally, Guggenheim Capital LLC raised its stake in MKS Instruments by 5.4% during the third quarter. Guggenheim Capital LLC now owns 14,420 shares of the scientific and technical instruments company’s stock worth $2,176,000 after acquiring an additional 745 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:MKSI opened at $122.37 on Monday. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 12.36 and a beta of 1.45. MKS Instruments, Inc. has a 1-year low of $122.22 and a 1-year high of $195.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.41 and a current ratio of 4.66. The company has a 50 day moving average price of $147.97 and a 200 day moving average price of $155.06.
The company also recently announced a quarterly dividend, which was paid on Friday, March 11th. Investors of record on Monday, February 28th were issued a $0.22 dividend. The ex-dividend date was Friday, February 25th. This represents a $0.88 annualized dividend and a yield of 0.72%. MKS Instruments’s dividend payout ratio (DPR) is presently 8.89%.
In related news, Director Elizabeth Mora sold 300 shares of MKS Instruments stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $149.99, for a total value of $44,997.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.
MKSI has been the topic of several research reports. Citigroup upgraded shares of MKS Instruments from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Monday, December 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of MKS Instruments from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, January 28th. Loop Capital initiated coverage on shares of MKS Instruments in a research note on Tuesday, February 22nd. They issued a “buy” rating and a $200.00 price target on the stock. KeyCorp initiated coverage on shares of MKS Instruments in a research note on Tuesday, January 25th. They issued a “sector weight” rating on the stock. Finally, Zacks Investment Research upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating and set a $148.00 price target on the stock in a research note on Monday, April 4th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $203.78.
MKS Instruments Company Profile (Get Rating)
MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products.
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