Golden State Equity Partners increased its position in MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) by 297.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,673 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,741 shares during the period. Golden State Equity Partners’ holdings in MKS Instruments were worth $1,151,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its position in MKS Instruments by 3.3% in the 1st quarter. BlackRock Inc. now owns 5,228,498 shares of the scientific and technical instruments company’s stock valued at $784,275,000 after buying an additional 168,727 shares during the last quarter. Capital International Investors raised its position in MKS Instruments by 4.1% in the 4th quarter. Capital International Investors now owns 4,711,201 shares of the scientific and technical instruments company’s stock valued at $820,550,000 after buying an additional 186,780 shares during the last quarter. Wellington Management Group LLP raised its position in MKS Instruments by 5.5% in the 1st quarter. Wellington Management Group LLP now owns 4,642,162 shares of the scientific and technical instruments company’s stock valued at $696,324,000 after buying an additional 241,134 shares during the last quarter. JPMorgan Chase & Co. raised its position in MKS Instruments by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,299,269 shares of the scientific and technical instruments company’s stock valued at $400,464,000 after buying an additional 116,574 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of MKS Instruments by 564.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,662,217 shares of the scientific and technical instruments company’s stock valued at $248,898,000 after purchasing an additional 1,412,135 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. TheStreet lowered MKS Instruments from a “b-” rating to a “c+” rating in a research report on Tuesday, July 12th. Stifel Nicolaus decreased their target price on MKS Instruments from $242.00 to $230.00 in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft decreased their target price on MKS Instruments from $150.00 to $125.00 in a research report on Monday, July 18th. StockNews.com lowered MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Finally, Needham & Company LLC raised their target price on MKS Instruments from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, MKS Instruments currently has a consensus rating of “Moderate Buy” and an average target price of $162.86.
MKS Instruments Trading Down 6.2 %
MKS Instruments (NASDAQ:MKSI – Get Rating) last issued its earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.31 by $0.28. MKS Instruments had a return on equity of 21.04% and a net margin of 18.44%. The business had revenue of $765.00 million during the quarter, compared to the consensus estimate of $733.55 million. During the same quarter last year, the company earned $3.02 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that MKS Instruments, Inc. will post 10.74 EPS for the current year.
MKS Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 8th were paid a $0.22 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.88 annualized dividend and a yield of 0.94%. MKS Instruments’s dividend payout ratio is currently 8.84%.
Insiders Place Their Bets
In related news, Director Peter Cannone III bought 250 shares of the business’s stock in a transaction on Monday, August 1st. The stock was acquired at an average price of $120.06 per share, for a total transaction of $30,015.00. Following the purchase, the director now directly owns 3,142 shares in the company, valued at $377,228.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.
MKS Instruments Company Profile
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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