The Manufacturers Life Insurance Company Has $22.62 Million Stake in MKS Instruments, Inc. (NASDAQ:MKSI)

The Manufacturers Life Insurance Company lifted its position in shares of MKS Instruments, Inc. (NASDAQ:MKSIFree Report) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,870 shares of the scientific and technical instruments company’s stock after buying an additional 30,547 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.33% of MKS Instruments worth $22,618,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mendota Financial Group LLC acquired a new stake in MKS Instruments during the 4th quarter worth about $27,000. GAMMA Investing LLC bought a new stake in MKS Instruments in the fourth quarter worth approximately $35,000. Quest Partners LLC acquired a new position in MKS Instruments in the fourth quarter valued at approximately $37,000. Baystate Wealth Management LLC bought a new position in shares of MKS Instruments during the 4th quarter worth approximately $56,000. Finally, Avior Wealth Management LLC acquired a new stake in shares of MKS Instruments during the 4th quarter worth approximately $138,000. Institutional investors own 99.79% of the company’s stock.

MKS Instruments Trading Down 1.0 %

MKSI opened at $128.20 on Friday. MKS Instruments, Inc. has a fifty-two week low of $63.44 and a fifty-two week high of $135.51. The firm has a market capitalization of $8.60 billion, a PE ratio of -4.80, a P/E/G ratio of 4.35 and a beta of 1.65. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.69 and a quick ratio of 2.34. The company’s 50-day moving average is $124.58 and its 200 day moving average is $113.70.

MKS Instruments (NASDAQ:MKSIGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.75 by $0.43. MKS Instruments had a positive return on equity of 13.90% and a negative net margin of 48.24%. The firm had revenue of $868.00 million during the quarter, compared to the consensus estimate of $848.94 million. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts predict that MKS Instruments, Inc. will post 4.45 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. MKS Instruments’s payout ratio is -3.30%.

Insider Activity

In related news, Director Elizabeth Mora sold 250 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $133.00, for a total transaction of $33,250.00. Following the transaction, the director now directly owns 16,862 shares in the company, valued at $2,242,646. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MKSI. StockNews.com upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. KeyCorp increased their price objective on shares of MKS Instruments from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Needham & Company LLC upped their price target on MKS Instruments from $145.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Benchmark reiterated a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a report on Friday, May 10th. Finally, Wells Fargo & Company boosted their price objective on MKS Instruments from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.25.

View Our Latest Report on MKSI

MKS Instruments 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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