Pacer Advisors Inc. Acquires 4,165 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Pacer Advisors Inc. grew its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSIFree Report) by 78.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,444 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,165 shares during the quarter. Pacer Advisors Inc.’s holdings in MKS Instruments were worth $972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Belpointe Asset Management LLC increased its position in MKS Instruments by 73.5% during the 1st quarter. Belpointe Asset Management LLC now owns 295 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. PCA Investment Advisory Services Inc. acquired a new position in shares of MKS Instruments during the second quarter worth $34,000. Itau Unibanco Holding S.A. bought a new position in shares of MKS Instruments in the 2nd quarter valued at $52,000. Signaturefd LLC boosted its holdings in shares of MKS Instruments by 22.1% during the 3rd quarter. Signaturefd LLC now owns 928 shares of the scientific and technical instruments company’s stock valued at $80,000 after acquiring an additional 168 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in MKS Instruments during the 3rd quarter worth $93,000. Institutional investors own 99.79% of the company’s stock.

Insiders Place Their Bets

In other news, Director Elizabeth Mora sold 250 shares of MKS Instruments stock in a transaction on Monday, April 1st. The shares were sold at an average price of $133.00, for a total value of $33,250.00. Following the completion of the sale, the director now owns 16,862 shares in the company, valued at approximately $2,242,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Elizabeth Mora sold 250 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $133.00, for a total value of $33,250.00. Following the completion of the sale, the director now directly owns 16,862 shares of the company’s stock, valued at approximately $2,242,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Seth H. Bagshaw sold 32,865 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $123.28, for a total value of $4,051,597.20. Following the transaction, the chief financial officer now directly owns 1 shares in the company, valued at $123.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,776 shares of company stock worth $7,326,307. Corporate insiders own 0.69% of the company’s stock.

MKS Instruments Trading Down 1.9 %

NASDAQ:MKSI opened at $130.05 on Wednesday. MKS Instruments, Inc. has a 52 week low of $63.44 and a 52 week high of $135.51. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.01 and a current ratio of 3.18. The firm’s fifty day moving average is $121.29 and its 200-day moving average is $98.34. The firm has a market cap of $8.72 billion, a P/E ratio of -4.72, a P/E/G ratio of 4.37 and a beta of 1.67.

MKS Instruments (NASDAQ:MKSIGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28. The firm had revenue of $893.00 million during the quarter, compared to the consensus estimate of $845.25 million. MKS Instruments had a positive return on equity of 9.95% and a negative net margin of 50.80%. The business’s revenue was down 17.7% compared to the same quarter last year. During the same period last year, the business posted $2.00 EPS. Equities analysts expect that MKS Instruments, Inc. will post 4.54 earnings per share for the current year.

MKS Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 23rd. MKS Instruments’s dividend payout ratio (DPR) is presently -3.19%.

Analyst Ratings Changes

A number of analysts have recently commented on MKSI shares. Needham & Company LLC lifted their price target on MKS Instruments from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Wells Fargo & Company boosted their target price on shares of MKS Instruments from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Tuesday. Benchmark raised their price target on shares of MKS Instruments from $85.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 9th. TheStreet raised shares of MKS Instruments from a “d+” rating to a “c-” rating in a research note on Tuesday, January 23rd. Finally, StockNews.com raised MKS Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, MKS Instruments presently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

View Our Latest Stock Report on MKSI

MKS Instruments Company Profile

(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.

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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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