MKS Instruments, Inc. (MKSI) Stake Lowered by Royce & Associates LP
Royce & Associates LP decreased its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,786,381 shares of the scientific and technical instruments company’s stock after selling 90,600 shares during the period. MKS Instruments comprises about 0.8% of Royce & Associates LP’s investment portfolio, making the stock its 3rd largest position. Royce & Associates LP owned 3.30% of MKS Instruments worth $120,223,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in MKS Instruments by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 76,063 shares of the scientific and technical instruments company’s stock worth $5,228,000 after buying an additional 4,745 shares during the period. Geneva Advisors LLC bought a new position in MKS Instruments during the first quarter worth $700,000. Adams Diversified Equity Fund Inc. raised its position in MKS Instruments by 3.0% in the first quarter. Adams Diversified Equity Fund Inc. now owns 13,700 shares of the scientific and technical instruments company’s stock worth $942,000 after buying an additional 400 shares during the period. Wells Fargo & Company MN raised its position in MKS Instruments by 1.2% in the first quarter. Wells Fargo & Company MN now owns 172,911 shares of the scientific and technical instruments company’s stock worth $11,888,000 after buying an additional 1,969 shares during the period. Finally, Strs Ohio raised its position in MKS Instruments by 15.4% in the first quarter. Strs Ohio now owns 7,500 shares of the scientific and technical instruments company’s stock worth $515,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.
MKS Instruments, Inc. (NASDAQ MKSI) traded down 0.12% during trading on Friday, reaching $79.90. The company’s stock had a trading volume of 27,284 shares. The company has a 50 day moving average price of $79.24 and a 200-day moving average price of $74.18. MKS Instruments, Inc. has a 52 week low of $45.85 and a 52 week high of $88.40. The company has a market capitalization of $4.34 billion, a PE ratio of 16.60 and a beta of 1.07.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting 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 business 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 business posted $0.72 earnings per share. MKS Instruments’s revenue for the quarter was up 47.6% compared to the same quarter last year. Equities research analysts anticipate that MKS Instruments, Inc. will post $5.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis 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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MKSI has been the topic of a number of recent research reports. BidaskClub lowered MKS Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. 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. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. 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. Finally, 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. MKS Instruments presently has a consensus rating of “Buy” and a consensus target price of $84.00.
In other news, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total value of $158,600.00. Following the transaction, the vice president now directly owns 15,785 shares of the company’s stock, valued at $1,251,750.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Hanley sold 1,000 shares of the company’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 completion of the transaction, 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. Insiders sold 3,550 shares of company stock worth $284,628 over the last ninety days. 1.65% of the stock is currently owned by company 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.
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