James Investment Research Inc. bought a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 18,370 shares of the scientific and technical instruments company’s stock, valued at approximately $1,236,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in MKS Instruments by 50,850.9% in the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after buying an additional 6,571,973 shares during the last quarter. Norges Bank purchased a new position in MKS Instruments during the fourth quarter valued at about $34,766,000. Pictet Asset Management Ltd. increased its position in MKS Instruments by 653.8% in the first quarter. Pictet Asset Management Ltd. now owns 330,940 shares of the scientific and technical instruments company’s stock valued at $22,752,000 after buying an additional 287,036 shares during the last quarter. Teachers Advisors LLC increased its position in MKS Instruments by 280.2% in the first quarter. Teachers Advisors LLC now owns 334,529 shares of the scientific and technical instruments company’s stock valued at $22,999,000 after buying an additional 246,538 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in MKS Instruments by 32.6% in the first quarter. Bank of New York Mellon Corp now owns 946,072 shares of the scientific and technical instruments company’s stock valued at $65,042,000 after buying an additional 232,778 shares during the last quarter. 98.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MKS Instruments, Inc. (NASDAQ MKSI) opened at 79.45 on Friday. The firm’s 50-day moving average price is $75.95 and its 200 day moving average price is $71.24. The firm has a market capitalization of $4.30 billion, a P/E ratio of 28.43 and a beta of 1.02. MKS Instruments, Inc. has a 12 month low of $44.82 and a 12 month high of $88.40.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.19. The company had revenue of $437.20 million for the quarter, compared to analyst estimates of $413.26 million. MKS Instruments had a net margin of 9.83% and a return on equity of 17.29%. MKS Instruments’s quarterly revenue was up 138.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Analysts anticipate that MKS Instruments, Inc. will post $4.97 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on MKSI shares. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Dougherty & Co reissued a “buy” rating and issued a $100.00 target price (up from $86.00) on shares of MKS Instruments in a research report on Friday, April 28th. Deutsche Bank AG started coverage on MKS Instruments in a research report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $81.00 target price (up from $71.00) on shares of MKS Instruments in a research report on Friday, April 28th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $80.60.

In other MKS Instruments news, Director Peter Hanley sold 1,200 shares of MKS Instruments stock in a transaction on Monday, May 15th. The shares were sold at an average price of $81.51, for a total value of $97,812.00. Following the transaction, the director now directly owns 4,622 shares in the company, valued at $376,739.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $80.00, for a total transaction of $160,000.00. Following the completion of the transaction, the vice president now owns 15,563 shares in the company, valued at $1,245,040. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,810 shares of company stock worth $2,520,987. 1.65% of the stock is currently owned by company insiders.

MKS Instruments Company Profile

MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.

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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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