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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in shares of MKS Instruments by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 5,970 shares of the scientific and technical instruments company’s stock worth $410,000 after buying an additional 140 shares in the last quarter. Columbus Circle Investors raised its position in shares of MKS Instruments by 23.7% in the first quarter. Columbus Circle Investors now owns 391,754 shares of the scientific and technical instruments company’s stock worth $26,933,000 after buying an additional 75,054 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of MKS Instruments during the first quarter worth $282,000. Affinity Wealth Management raised its position in shares of MKS Instruments by 123.7% in the first quarter. Affinity Wealth Management now owns 7,801 shares of the scientific and technical instruments company’s stock worth $536,000 after buying an additional 4,313 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of MKS Instruments by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the scientific and technical instruments company’s stock worth $1,506,000 after buying an additional 400 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of MKS Instruments, Inc. (MKSI) opened at 79.90 on Wednesday. The firm has a 50-day moving average price of $75.87 and a 200 day moving average price of $72.65. MKS Instruments, Inc. has a 12-month low of $45.85 and a 12-month high of $88.40. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 16.60 and a beta of 1.07.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $463.86 million. During the same period last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, equities research analysts anticipate that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 14.58%.

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A number of brokerages recently weighed in on MKSI. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $98.00 price objective (up previously from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Dougherty & Co reaffirmed a “buy” rating and set a $100.00 price objective (up previously from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG started coverage on MKS Instruments in a report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $84.00.

In other news, Director Peter Hanley sold 1,200 shares of MKS Instruments stock in a transaction on Monday, May 15th. The stock was sold at an average price of $81.51, for a total transaction of $97,812.00. Following the transaction, the director now directly owns 4,622 shares in the company, valued at approximately $376,739.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerard G. Colella sold 2,500 shares of MKS Instruments stock in a transaction 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 transaction, the chief executive officer now owns 5,025 shares in the company, valued at $398,482.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,250 shares of company stock worth $422,090. 1.65% of the stock is owned by insiders.

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.

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

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