MKS Instruments Inc. (MKSI) Position Cut by Hays Advisory LLC
Hays Advisory LLC reduced its position in shares of MKS Instruments Inc. (NASDAQ:MKSI) by 9.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 163,298 shares of the company’s stock after selling 16,860 shares during the period. MKS Instruments comprises approximately 1.4% of Hays Advisory LLC’s investment portfolio, making the stock its 17th largest position. Hays Advisory LLC owned about 0.30% of MKS Instruments worth $8,121,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Simplex Trading LLC raised its stake in shares of MKS Instruments by 464.9% in the third quarter. Simplex Trading LLC now owns 2,830 shares of the company’s stock worth $140,000 after buying an additional 2,329 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in shares of MKS Instruments during the third quarter worth approximately $288,000. Mason Street Advisors LLC purchased a new stake in shares of MKS Instruments during the second quarter worth approximately $449,000. Public Employees Retirement System of Ohio raised its stake in shares of MKS Instruments by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,843 shares of the company’s stock worth $122,000 after buying an additional 219 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of MKS Instruments by 8.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,841 shares of the company’s stock worth $10,543,000 after buying an additional 19,414 shares during the last quarter. Hedge funds and other institutional investors own 99.16% of the company’s stock.
MKS Instruments Inc. (NASDAQ:MKSI) traded up 0.88% during trading on Monday, hitting $57.00. The company had a trading volume of 453,511 shares. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 36.33 and a beta of 0.98. The company’s 50 day moving average price is $50.06 and its 200-day moving average price is $45.57. MKS Instruments Inc. has a 1-year low of $30.67 and a 1-year high of $57.05.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, October 26th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.11. The business had revenue of $380.66 million for the quarter, compared to analyst estimates of $370.13 million. MKS Instruments had a return on equity of 10.58% and a net margin of 7.98%. The company’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. On average, analysts expect that MKS Instruments Inc. will post $2.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 28th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%. MKS Instruments’s dividend payout ratio is currently 43.04%.
A number of brokerages have recently commented on MKSI. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a research note on Friday, October 28th. Citigroup Inc. assumed coverage on MKS Instruments in a research note on Wednesday, October 12th. They set a “buy” rating and a $59.00 price target on the stock. Pacific Crest reaffirmed a “buy” rating on shares of MKS Instruments in a research note on Friday, July 29th. Finally, Dougherty & Co lowered MKS Instruments from a “buy” rating to a “neutral” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.40.
In other MKS Instruments news, VP Seth H. Bagshaw sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $55.45, for a total value of $554,500.00. Following the transaction, the vice president now directly owns 19,302 shares in the company, valued at approximately $1,070,295.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $47.11, for a total value of $235,550.00. Following the completion of the transaction, the chief executive officer now owns 37,900 shares in the company, valued at $1,785,469. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
MKS Instruments Company Profile
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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