Neumeier Poma Investment Counsel LLC reduced its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 410,275 shares of the scientific and technical instruments company’s stock after selling 42,080 shares during the quarter. MKS Instruments makes up approximately 3.2% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 13th largest position. Neumeier Poma Investment Counsel LLC owned about 0.76% of MKS Instruments worth $27,612,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MKSI. Bank of Montreal Can grew its holdings in MKS Instruments by 14.4% in the 1st quarter. Bank of Montreal Can now owns 4,527 shares of the scientific and technical instruments company’s stock valued at $311,000 after buying an additional 569 shares in the last quarter. Strs Ohio grew its holdings in MKS Instruments by 15.4% in the 1st quarter. Strs Ohio now owns 7,500 shares of the scientific and technical instruments company’s stock valued at $515,000 after buying an additional 1,000 shares in the last quarter. Wells Fargo & Company MN grew its holdings in MKS Instruments by 1.2% in the 1st quarter. Wells Fargo & Company MN now owns 172,911 shares of the scientific and technical instruments company’s stock valued at $11,888,000 after buying an additional 1,969 shares in the last quarter. LSV Asset Management purchased a new stake in MKS Instruments in the 1st quarter valued at $749,000. Finally, First Trust Advisors LP grew its holdings in MKS Instruments by 1.1% in the 1st quarter. First Trust Advisors LP now owns 76,345 shares of the scientific and technical instruments company’s stock valued at $5,249,000 after buying an additional 846 shares in the last quarter. Institutional investors own 95.84% of the company’s stock.

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In other news, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at $1,854,567. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction on 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 directly owns 3,372 shares of the company’s stock, valued at approximately $280,617.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,100 shares of company stock valued at $935,105. Company insiders own 1.65% of the company’s stock.

MKSI has been the subject of several analyst reports. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Stifel Nicolaus restated a “buy” rating and issued a $98.00 target price (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Deutsche Bank AG initiated coverage on MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price for the company. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, KeyCorp restated an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a report on Saturday. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $86.67.

Shares of MKS Instruments, Inc. (NASDAQ MKSI) traded up 0.06% during trading on Friday, hitting $86.60. The stock had a trading volume of 921,278 shares. The stock’s 50 day moving average is $81.55 and its 200-day moving average is $75.92. The company has a market cap of $4.70 billion, a PE ratio of 17.99 and a beta of 1.08. MKS Instruments, Inc. has a 12-month low of $46.51 and a 12-month high of $88.40.

MKS Instruments (NASDAQ:MKSI) last released 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 consensus estimate of $1.41. The company had revenue of $481.00 million during the quarter, compared to the consensus estimate of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. MKS Instruments’s revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. Analysts forecast that MKS Instruments, Inc. will post $5.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s dividend payout ratio is currently 14.58%.

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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