Swiss National Bank Buys 1,100 Shares of MKS Instruments, Inc. (MKSI)
Swiss National Bank increased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,800 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,100 shares during the quarter. Swiss National Bank owned 0.17% of MKS Instruments worth $6,044,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MKS Instruments by 47.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock worth $151,000 after purchasing an additional 712 shares during the period. Creative Planning lifted its holdings in MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after acquiring an additional 416 shares during the period. Good Life Advisors LLC acquired a new stake in MKS Instruments in the second quarter valued at $203,000. Suntrust Banks Inc. acquired a new stake in MKS Instruments in the first quarter valued at $209,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in MKS Instruments in the first quarter valued at $221,000. 95.38% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Brian Charles Quirk sold 2,000 shares of the 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 completion of the transaction, the vice president now 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 SEC, which is available at the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the 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 transaction, the chief financial officer now directly owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The disclosure for this sale can be found here. In the last three months, insiders sold 11,100 shares of company stock valued at $935,105. Company insiders own 1.65% of the company’s stock.
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Shares of MKS Instruments, Inc. (MKSI) opened at 90.85 on Tuesday. The firm has a 50-day moving average price of $81.77 and a 200-day moving average price of $76.24. The firm has a market cap of $4.93 billion, a P/E ratio of 18.87 and a beta of 1.08. MKS Instruments, Inc. has a 12-month low of $46.51 and a 12-month high of $91.15.
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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company had revenue of $481.00 million during the quarter, compared to analysts’ expectations of $463.86 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. On average, equities research analysts expect that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.70 annualized dividend and a dividend yield of 0.77%. MKS Instruments’s payout ratio is 14.58%.
A number of equities research analysts have commented on MKSI shares. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Deutsche Bank AG started 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. Stifel Nicolaus reissued a “buy” rating and issued a $98.00 target price (up previously from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Finally, KeyCorp reissued 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 given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $86.67.
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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