Nisa Investment Advisors LLC Acquires 1,420 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)
Nisa Investment Advisors LLC raised its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,490 shares of the scientific and technical instruments company’s stock after buying an additional 1,420 shares during the period. Nisa Investment Advisors LLC’s holdings in MKS Instruments were worth $1,401,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 712 shares in the last quarter. Creative Planning increased its position in MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 416 shares in the last quarter. Suntrust Banks Inc. acquired a new position in MKS Instruments during the first quarter worth about $209,000. Piedmont Investment Advisors LLC acquired a new position in MKS Instruments during the first quarter worth about $221,000. Finally, Intrust Bank NA acquired a new position in MKS Instruments during the first quarter worth about $228,000. Hedge funds and other institutional investors own 98.36% of the company’s stock.
Shares of MKS Instruments, Inc. (MKSI) traded down 2.10% during midday trading on Thursday, reaching $77.00. 183,733 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $75.71 and its 200 day moving average price is $72.55. MKS Instruments, Inc. has a 1-year low of $44.92 and a 1-year high of $88.40. The stock has a market capitalization of $4.17 billion, a P/E ratio of 16.00 and a beta of 1.06.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The company had revenue of $481 million for the quarter, compared to the consensus estimate of $463.86 million. During the same period in the prior year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, equities analysts predict that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 28th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, August 24th. MKS Instruments’s dividend payout ratio is presently 14.58%.
A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Friday, April 21st. Dougherty & Co reiterated a “buy” rating and set a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. Finally, Deutsche Bank AG assumed coverage on shares of MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $84.00.
In other MKS Instruments news, CEO Gerard G. Colella sold 2,500 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $79.30, for a total value of $198,250.00. Following the sale, the chief executive officer now directly owns 5,025 shares of the company’s stock, valued at approximately $398,482.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter Hanley sold 1,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $83.22, for a total transaction of $83,220.00. Following the completion of the sale, the director now directly owns 3,372 shares in the company, valued at $280,617.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,250 shares of company stock worth $822,090. Insiders own 1.65% of the company’s stock.
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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