MKS Instruments, Inc. (NASDAQ:MKSI) Position Increased by Private Advisor Group LLC

Private Advisor Group LLC raised its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 22.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,718 shares of the scientific and technical instruments company’s stock after buying an additional 499 shares during the quarter. Private Advisor Group LLC’s holdings in MKS Instruments were worth $295,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in MKS Instruments during the first quarter valued at about $25,000. Massmutual Trust Co. FSB ADV increased its holdings in 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 buying an additional 191 shares during the last quarter. Key Financial Inc acquired a new position in MKS Instruments during the second quarter valued at approximately $39,000. Quarry LP acquired a new position in MKS Instruments during the second quarter valued at approximately $39,000. Finally, BOKF NA acquired a new position in MKS Instruments during the second quarter valued at approximately $39,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKSI has been the subject of several research reports. Citigroup cut MKS Instruments from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $145.00 to $120.00 in a research report on Monday, September 16th. The Goldman Sachs Group initiated coverage on MKS Instruments in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $129.00 price objective for the company. Wells Fargo & Company reduced their price objective on MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on MKS Instruments from $140.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Finally, Mizuho raised MKS Instruments to a “strong-buy” rating in a research report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.09.

MKS Instruments Stock Up 2.3 %

MKSI stock opened at $103.29 on Thursday. The business’s 50 day simple moving average is $106.98 and its 200 day simple moving average is $119.10. The firm has a market capitalization of $6.95 billion, a PE ratio of 939.00, a PEG ratio of 0.70 and a beta of 1.63. MKS Instruments, Inc. has a 1-year low of $67.42 and a 1-year high of $147.40. The company has a current ratio of 3.58, a quick ratio of 2.31 and a debt-to-equity ratio of 2.16.

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

MKS Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. MKS Instruments’s dividend payout ratio is currently 800.00%.

Insider Buying and Selling

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total value of $27,225.00. Following the completion of the transaction, the director now owns 10,283 shares of the company’s stock, valued at $1,119,818.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total value of $27,225.00. Following the completion of the sale, the director now owns 10,283 shares of the company’s stock, valued at approximately $1,119,818.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth Mora sold 275 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total value of $31,891.75. Following the completion of the sale, the director now directly owns 17,934 shares of the company’s stock, valued at approximately $2,079,805.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,325 shares of company stock worth $272,795 in the last ninety days. 0.51% of the stock is owned by insiders.

MKS Instruments Company Profile

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.