Amalgamated Bank decreased its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,930 shares of the scientific and technical instruments company’s stock after selling 231 shares during the period. Amalgamated Bank owned 0.07% of MKS Instruments worth $6,140,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MKSI. HighTower Advisors LLC acquired a new position in MKS Instruments during the 4th quarter worth $1,816,000. Charles Schwab Investment Management Inc. lifted its position in MKS Instruments by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 510,671 shares of the scientific and technical instruments company’s stock worth $88,944,000 after acquiring an additional 13,585 shares during the last quarter. Geode Capital Management LLC lifted its position in MKS Instruments by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 758,747 shares of the scientific and technical instruments company’s stock worth $132,151,000 after acquiring an additional 13,777 shares during the last quarter. Blair William & Co. IL acquired a new position in MKS Instruments during the 4th quarter worth $430,000. Finally, HBK Investments L P lifted its position in MKS Instruments by 42.0% during the 4th quarter. HBK Investments L P now owns 27,033 shares of the scientific and technical instruments company’s stock worth $4,708,000 after acquiring an additional 7,989 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on MKSI shares. Stifel Nicolaus cut their price objective on shares of MKS Instruments from $242.00 to $230.00 in a research report on Thursday, July 28th. Wells Fargo & Company decreased their price objective 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. Deutsche Bank Aktiengesellschaft decreased their price target on MKS Instruments from $150.00 to $125.00 in a research note on Monday, July 18th. StockNews.com downgraded MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Finally, Needham & Company LLC boosted their target price on MKS Instruments from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, MKS Instruments has a consensus rating of “Moderate Buy” and a consensus price target of $162.86.
Insider Transactions at MKS Instruments
MKS Instruments Stock Performance
Shares of MKSI stock opened at $89.11 on Monday. MKS Instruments, Inc. has a 12-month low of $87.67 and a 12-month high of $181.03. The company has a current ratio of 5.14, a quick ratio of 3.63 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.97 billion, a P/E ratio of 8.95 and a beta of 1.57. The business’s 50 day moving average is $106.78 and its two-hundred day moving average is $117.20.
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, beating analysts’ consensus estimates of $2.31 by $0.28. The business had revenue of $765.00 million for the quarter, compared to the consensus estimate of $733.55 million. MKS Instruments had a net margin of 18.44% and a return on equity of 21.04%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.02 EPS. Analysts expect that MKS Instruments, Inc. will post 10.74 EPS for the current fiscal year.
MKS Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, August 5th. MKS Instruments’s dividend payout ratio (DPR) is currently 8.84%.
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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