Yousif Capital Management LLC Has $1.84 Million Stake in MKS Instruments, Inc. (NASDAQ:MKSI)

Yousif Capital Management LLC reduced its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,941 shares of the scientific and technical instruments company’s stock after selling 1,253 shares during the quarter. Yousif Capital Management LLC’s holdings in MKS Instruments were worth $1,839,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MKSI. Prudential Financial Inc. raised its position in MKS Instruments by 772.7% during the fourth quarter. Prudential Financial Inc. now owns 61,447 shares of the scientific and technical instruments company’s stock valued at $6,481,000 after buying an additional 54,406 shares during the period. Schroder Investment Management Group acquired a new position in shares of MKS Instruments in the 4th quarter valued at about $1,480,000. Norges Bank purchased a new stake in shares of MKS Instruments in the fourth quarter worth approximately $85,451,000. Summit Global Investments acquired a new stake in shares of MKS Instruments during the fourth quarter worth approximately $1,254,000. Finally, Wellington Management Group LLP grew its position in MKS Instruments by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 2,291,478 shares of the scientific and technical instruments company’s stock valued at $239,207,000 after purchasing an additional 6,715 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

MKS Instruments Price Performance

Shares of NASDAQ:MKSI opened at $89.37 on Monday. The firm has a market capitalization of $6.03 billion, a PE ratio of 31.92, a PEG ratio of 1.02 and a beta of 1.84. The company has a current ratio of 3.19, a quick ratio of 2.04 and a debt-to-equity ratio of 1.93. MKS Instruments, Inc. has a 1-year low of $54.84 and a 1-year high of $147.40. The business’s 50 day moving average is $79.06 and its 200-day moving average is $93.64.

MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.42 by $0.29. The firm had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $913.59 million. MKS Instruments had a return on equity of 18.94% and a net margin of 5.30%. MKS Instruments’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.18 earnings per share. Sell-side analysts predict that MKS Instruments, Inc. will post 6.94 earnings per share for the current year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, May 27th. MKS Instruments’s dividend payout ratio is 26.27%.

Analyst Ratings Changes

Several equities analysts have recently commented on MKSI shares. Deutsche Bank Aktiengesellschaft upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, May 20th. Morgan Stanley lifted their price objective on MKS Instruments from $93.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. Finally, Needham & Company LLC dropped their target price on MKS Instruments from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.64.

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.