Richard Bernstein Advisors LLC decreased its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,987 shares of the scientific and technical instruments company’s stock after selling 8,893 shares during the period. Richard Bernstein Advisors LLC owned about 0.15% of MKS Instruments worth $5,383,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MKSI. Teachers Advisors LLC raised its position in MKS Instruments by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 87,991 shares of the scientific and technical instruments company’s stock worth $5,227,000 after buying an additional 2,236 shares during the period. Macquarie Group Ltd. raised its position in MKS Instruments by 27.6% in the fourth quarter. Macquarie Group Ltd. now owns 29,600 shares of the scientific and technical instruments company’s stock worth $1,758,000 after buying an additional 6,400 shares during the period. Bank of Montreal Can raised its position in MKS Instruments by 14.4% in the first quarter. Bank of Montreal Can now owns 4,527 shares of the scientific and technical instruments company’s stock worth $311,000 after buying an additional 569 shares during the period. Louisiana State Employees Retirement System raised its position in 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 during the period. Finally, Everence Capital Management Inc. bought a new position in MKS Instruments during the first quarter worth $282,000. 97.04% of the stock is currently owned by institutional investors.

Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at 79.35 on Friday. The stock has a market cap of $4.31 billion, a P/E ratio of 16.48 and a beta of 1.07. MKS Instruments, Inc. has a 52-week low of $45.85 and a 52-week high of $88.40. The firm has a 50-day moving average price of $78.20 and a 200-day moving average price of $73.81.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business had revenue of $481 million for the quarter, compared to analysts’ expectations of $463.86 million. During the same quarter last year, the firm earned $0.72 earnings per share. The business’s revenue was up 47.6% on a year-over-year basis. On average, analysts anticipate that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be issued 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 of this dividend is Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is 14.58%.

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MKSI has been the topic of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating and set a $81.00 price objective (up previously from $71.00) on shares of MKS Instruments in a research note on Friday, April 28th. Dougherty & Co reissued a “buy” rating and set a $100.00 price objective (up previously from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Deutsche Bank AG initiated coverage on 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. MKS Instruments currently has a consensus rating of “Buy” and an average price target of $84.00.

In other news, Director Peter Hanley sold 1,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now owns 3,372 shares in the company, valued at $280,617.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the sale, the vice president now owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders have sold 3,550 shares of company stock worth $284,628 in the last 90 days. 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.

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

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