Allspring Global Investments Holdings LLC Buys 856 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Allspring Global Investments Holdings LLC lifted its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 277.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,165 shares of the scientific and technical instruments company’s stock after purchasing an additional 856 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in MKS Instruments were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its stake in shares of MKS Instruments by 196.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company’s stock worth $31,000 after purchasing an additional 191 shares during the last quarter. Key Financial Inc purchased a new stake in MKS Instruments during the second quarter valued at $39,000. Quarry LP purchased a new stake in MKS Instruments during the second quarter valued at $39,000. BOKF NA purchased a new stake in MKS Instruments during the second quarter valued at $39,000. Finally, Meeder Asset Management Inc. purchased a new stake in MKS Instruments in the second quarter worth about $43,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

MKS Instruments Trading Down 1.0 %

Shares of MKSI stock opened at $99.57 on Tuesday. MKS Instruments, Inc. has a 1 year low of $67.04 and a 1 year high of $147.40. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.58 and a quick ratio of 2.31. The stock’s 50 day simple moving average is $107.71 and its two-hundred day simple moving average is $119.24. The company has a market cap of $6.70 billion, a PE ratio of 905.18, a price-to-earnings-growth ratio of 0.70 and a beta of 1.63.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.51. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The firm had revenue of $887.00 million for the quarter, compared to the consensus estimate of $866.38 million. During the same period in the prior year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Research analysts predict that MKS Instruments, Inc. will post 5.61 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MKSI. Mizuho upgraded MKS Instruments to a “strong-buy” rating in a research report on Monday, October 7th. Citigroup lowered MKS Instruments from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $145.00 to $120.00 in a research note on Monday, September 16th. Cantor Fitzgerald began coverage on MKS Instruments in a research note on Tuesday, September 10th. They issued an “overweight” rating and a $140.00 price objective for the company. Wells Fargo & Company dropped their price objective on MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group initiated coverage on MKS Instruments in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price target for the company. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.09.

Insider Transactions at MKS Instruments

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total transaction of $31,891.75. Following the transaction, the director now directly owns 17,934 shares in the company, valued at $2,079,805.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total transaction of $31,891.75. Following the sale, the director now owns 17,934 shares of the company’s stock, valued at approximately $2,079,805.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value of $27,225.00. Following the sale, the director now directly owns 10,283 shares in the company, valued at $1,119,818.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,325 shares of company stock worth $272,795. 0.46% of the stock is currently owned by company insiders.

About MKS Instruments

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.