MKS Instruments, Inc. (NASDAQ:MKSI) Position Boosted by Amalgamated Bank
Amalgamated Bank raised its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,202 shares of the scientific and technical instruments company’s stock after buying an additional 5 shares during the period. Amalgamated Bank’s holdings in MKS Instruments were worth $495,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in shares of MKS Instruments during the fourth quarter worth about $34,766,000. PNC Financial Services Group Inc. boosted its stake in MKS Instruments by 9.9% in the first quarter. PNC Financial Services Group Inc. now owns 82,157 shares of the scientific and technical instruments company’s stock worth $5,648,000 after buying an additional 7,427 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in MKS Instruments by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 342,812 shares of the scientific and technical instruments company’s stock worth $23,568,000 after buying an additional 15,563 shares in the last quarter. BlackRock Inc. boosted its stake 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 worth $452,712,000 after buying an additional 6,571,973 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in MKS Instruments by 4.6% in the first quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock valued at $38,938,000 after buying an additional 24,851 shares during the period. Hedge funds and other institutional investors own 98.36% of the company’s stock.
MKS Instruments, Inc. (NASDAQ:MKSI) traded down 2.29% during midday trading on Thursday, reaching $76.85. The company’s stock had a trading volume of 600,854 shares. MKS Instruments, Inc. has a 12 month low of $44.92 and a 12 month high of $88.40. The company has a market cap of $4.16 billion, a PE ratio of 27.54 and a beta of 1.06. The stock has a 50-day moving average price of $75.71 and a 200 day moving average price of $72.55.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company had revenue of $481 million during the quarter, compared to the consensus estimate of $463.86 million. During the same quarter last year, the company earned $0.72 earnings per share. MKS Instruments’s quarterly revenue was up 47.6% compared to the same quarter last year. Analysts expect that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 28th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is currently 14.58%.
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Several research analysts have recently issued reports on the company. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 target price (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Dougherty & Co restated a “buy” rating and issued a $100.00 price target (up from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG assumed coverage on MKS Instruments in a research report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price target on the stock. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $84.00.
In related news, Director Richard S. Chute sold 3,000 shares of MKS Instruments stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $80.00, for a total transaction of $240,000.00. Following the completion of the sale, the director now owns 11,604 shares in the company, valued at approximately $928,320. 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 dated Wednesday, May 10th. The stock was sold at an average price of $80.00, for a total value of $160,000.00. Following the sale, the vice president now owns 15,563 shares of the company’s stock, valued at approximately $1,245,040. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,250 shares of company stock valued at $822,090. Company insiders own 1.65% of the company’s stock.
About MKS Instruments
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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