Oppenheimer & Co. Inc. trimmed its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,178 shares of the scientific and technical instruments company’s stock after selling 563 shares during the period. Oppenheimer & Co. Inc.’s holdings in MKS Instruments were worth $752,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in shares of MKS Instruments by 0.5% during the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 19 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of MKS Instruments by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 4,273 shares of the scientific and technical instruments company’s stock valued at $288,000 after buying an additional 21 shares during the last quarter. Miles Capital Inc. raised its position in shares of MKS Instruments by 1.8% during the first quarter. Miles Capital Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock valued at $247,000 after buying an additional 62 shares during the last quarter. World Asset Management Inc raised its position in shares of MKS Instruments by 2.0% during the first quarter. World Asset Management Inc now owns 3,443 shares of the scientific and technical instruments company’s stock valued at $237,000 after buying an additional 68 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of MKS Instruments by 0.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the scientific and technical instruments company’s stock valued at $839,000 after buying an additional 70 shares during the last quarter. Institutional investors own 95.84% of the company’s stock.

In other MKS Instruments news, Director Peter Hanley sold 1,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $83.22, for a total value of $83,220.00. Following the completion of the sale, the director now owns 3,372 shares of the company’s stock, valued at approximately $280,617.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total transaction of $158,600.00. Following the completion of the sale, the vice president now directly owns 15,785 shares of the company’s stock, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders sold a total of 3,850 shares of company stock valued at $309,843 in the last three months. Insiders own 1.65% of the company’s stock.

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A number of research analysts have recently commented on MKSI shares. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Deutsche Bank AG started coverage on shares of MKS Instruments in a research report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective for the company. 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 research report on Thursday, July 27th. Finally, ValuEngine raised shares of MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $84.00.

MKS Instruments, Inc. (NASDAQ MKSI) opened at 85.15 on Tuesday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 17.69 and a beta of 1.08. The company has a 50-day moving average of $80.97 and a 200 day moving average of $75.42. MKS Instruments, Inc. has a 52-week low of $46.51 and a 52-week high of $88.40.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s dividend payout ratio is currently 14.58%.

MKS Instruments 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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