Neuberger Berman Group LLC decreased its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,253,621 shares of the scientific and technical instruments company’s stock after selling 18,936 shares during the period. Neuberger Berman Group LLC owned 2.25% of MKS Instruments worth $188,049,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. raised its position in MKS Instruments by 3.3% during 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 purchasing an additional 168,727 shares during the last quarter. Capital International Investors raised its position in MKS Instruments by 4.1% during 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 purchasing an additional 186,780 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of MKS Instruments by 5.5% during the 1st quarter. Wellington Management Group LLP now owns 4,642,162 shares of the scientific and technical instruments company’s stock worth $696,324,000 after acquiring an additional 241,134 shares during the period. Victory Capital Management Inc. grew its holdings 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 worth $248,898,000 after acquiring an additional 1,412,135 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of MKS Instruments by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,519,891 shares of the scientific and technical instruments company’s stock worth $227,984,000 after acquiring an additional 36,586 shares during the period. Institutional investors own 96.01% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on MKS Instruments from $150.00 to $125.00 in a report on Monday, July 18th. Wells Fargo & Company reduced their target price on MKS Instruments from $110.00 to $105.00 and set an “equal weight” rating on the stock in a report on Thursday, September 1st. StockNews.com downgraded MKS Instruments from a “buy” rating to a “hold” rating in a report on Friday, September 2nd. Stifel Nicolaus reduced their target price on MKS Instruments from $242.00 to $230.00 in a report on Thursday, July 28th. Finally, Needham & Company LLC upped their price target on MKS Instruments from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.86.
MKS Instruments Stock Performance
MKS Instruments (NASDAQ:MKSI – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.28. The business had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $733.55 million. MKS Instruments had a return on equity of 21.04% and a net margin of 18.44%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.02 EPS. On average, equities research analysts predict that MKS Instruments, Inc. will post 10.74 earnings per share for the current fiscal year.
MKS Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 8th were given a $0.22 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.88 annualized dividend and a yield of 0.97%. MKS Instruments’s dividend payout ratio (DPR) is presently 8.84%.
Insider Activity at MKS Instruments
In other MKS Instruments news, Director Peter Cannone III acquired 250 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were acquired at an average cost of $120.06 per share, with a total value of $30,015.00. Following the transaction, the director now owns 3,142 shares of the company’s stock, valued at approximately $377,228.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by 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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