MKS Instruments, Inc. (MKSI) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. reduced its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,432 shares of the scientific and technical instruments company’s stock after selling 2,725 shares during the period. PNC Financial Services Group Inc. owned 0.15% of MKS Instruments worth $5,346,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverhead Capital Management LLC increased its stake in MKS Instruments by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after purchasing an additional 863 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after purchasing an additional 712 shares in the last quarter. Creative Planning increased its stake 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 purchasing an additional 416 shares in the last quarter. Good Life Advisors LLC bought a new stake in MKS Instruments in the second quarter valued at $203,000. Finally, Suntrust Banks Inc. bought a new stake in MKS Instruments in the first quarter valued at $209,000. 95.38% of the stock is owned by hedge funds and other institutional investors.
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In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the firm’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 in the company, valued at approximately $1,251,750.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter Hanley sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now owns 3,372 shares of the company’s stock, valued at $280,617.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,100 shares of company stock valued at $935,105. 1.65% of the stock is owned by company insiders.
Several research firms have weighed in on MKSI. KeyCorp reaffirmed an “outperform” rating and issued a $100.00 price target on shares of MKS Instruments in a research note on Saturday, September 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 price target (up from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. ValuEngine raised shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG began coverage on shares of MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price target for the company. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. MKS Instruments currently has a consensus rating of “Buy” and an average target price of $86.67.
Shares of MKS Instruments, Inc. (MKSI) opened at 88.75 on Tuesday. The company has a market capitalization of $4.82 billion, a P/E ratio of 18.44 and a beta of 1.08. MKS Instruments, Inc. has a 52-week low of $46.51 and a 52-week high of $92.15. The stock’s 50 day moving average is $82.00 and its 200 day moving average is $76.43.
MKS Instruments (NASDAQ:MKSI) last issued 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. The company had revenue of $481.00 million during the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. MKS Instruments’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. Equities analysts expect that MKS Instruments, Inc. will post $5.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were paid a $0.175 dividend. The ex-dividend date was Thursday, August 24th. This represents a $0.70 annualized dividend and a dividend yield of 0.79%. MKS Instruments’s payout ratio is 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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