Schwab Charles Investment Management Inc. boosted its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 347,965 shares of the scientific and technical instruments company’s stock after buying an additional 24,494 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.64% of MKS Instruments worth $23,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in MKS Instruments by 9.9% in the first quarter. PNC Financial Services Group Inc. now owns 82,157 shares of the scientific and technical instruments company’s stock valued at $5,648,000 after buying an additional 7,427 shares during the period. Ameriprise Financial Inc. lifted its holdings in MKS Instruments by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 342,812 shares of the scientific and technical instruments company’s stock valued at $23,568,000 after buying an additional 15,563 shares during the period. BlackRock Inc. lifted its holdings in MKS Instruments by 50,850.9% in the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after buying an additional 6,571,973 shares during the period. KCG Holdings Inc. lifted its holdings in MKS Instruments by 97.0% in the first quarter. KCG Holdings Inc. now owns 9,866 shares of the scientific and technical instruments company’s stock valued at $678,000 after buying an additional 4,859 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in MKS Instruments by 4.6% in the first quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock valued at $38,938,000 after buying an additional 24,851 shares during the period. Institutional investors and hedge funds own 95.38% of the company’s stock.

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Several brokerages recently weighed in on MKSI. KeyCorp restated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a report on Saturday. Stifel Nicolaus restated a “buy” rating and issued a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG began coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. MKS Instruments presently has a consensus rating of “Buy” and an average price target of $86.67.

In other news, Director Peter Hanley sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 3,372 shares in the company, valued at approximately $280,617.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the transaction, the chief financial officer now owns 21,615 shares in the company, valued at approximately $1,854,567. The disclosure for this sale can be found here. Insiders sold a total of 11,100 shares of company stock worth $935,105 in the last 90 days. Corporate insiders own 1.65% of the company’s stock.

MKS Instruments, Inc. (MKSI) opened at 86.60 on Monday. MKS Instruments, Inc. has a one year low of $46.51 and a one year high of $88.40. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 17.99 and a beta of 1.08. The company has a 50-day moving average of $81.55 and a 200 day moving average of $75.92.

MKS Instruments (NASDAQ:MKSI) last posted 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. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The business had revenue of $481.00 million for the quarter, compared to the consensus estimate of $463.86 million. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was up 47.6% compared to the same quarter last year. On average, analysts anticipate that MKS Instruments, Inc. will post $5.42 EPS for the current year.

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

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

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