Martingale Asset Management L P decreased its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 39.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,203 shares of the scientific and technical instruments company’s stock after selling 3,400 shares during the quarter. Martingale Asset Management L P’s holdings in MKS Instruments were worth $351,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. raised its stake in shares of MKS Instruments by 39.2% in the 2nd quarter. Alliancebernstein L.P. now owns 114,544 shares of the scientific and technical instruments company’s stock valued at $7,709,000 after buying an additional 32,240 shares in the last quarter. AXA acquired a new position in shares of MKS Instruments in the 2nd quarter valued at $9,402,000. Wells Fargo & Company MN raised its stake in shares of MKS Instruments by 113.2% in the 2nd quarter. Wells Fargo & Company MN now owns 368,655 shares of the scientific and technical instruments company’s stock valued at $24,810,000 after buying an additional 195,744 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of MKS Instruments in the 2nd quarter valued at $2,632,000. Finally, LSV Asset Management raised its stake in shares of MKS Instruments by 322.0% in the 2nd quarter. LSV Asset Management now owns 46,000 shares of the scientific and technical instruments company’s stock valued at $3,095,000 after buying an additional 35,100 shares in the last quarter. Institutional investors own 95.38% of the company’s stock.

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Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at 92.45 on Thursday. MKS Instruments, Inc. has a 12-month low of $46.51 and a 12-month high of $93.50. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 19.20 and a beta of 1.08. The stock has a 50 day moving average of $82.00 and a 200 day moving average of $76.43.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. The business 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 for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities analysts expect that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.

The business 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. This represents a $0.70 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 14.58%.

A number of equities analysts have recently issued reports on MKSI shares. BidaskClub cut shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Deutsche Bank AG started coverage on shares of MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price objective for the company. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and issued a $98.00 price objective (up previously from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Finally, KeyCorp restated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research note on Saturday, September 16th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $86.67.

In related news, Director Peter Hanley sold 1,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $83.22, for a total value of $83,220.00. Following the completion of the transaction, the director now owns 3,372 shares of the company’s stock, valued at $280,617.84. The transaction was disclosed in a legal filing with the SEC, 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 dated Wednesday, September 13th. The shares were 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 ninety days, insiders sold 11,100 shares of company stock valued at $935,105. 1.65% of the stock is owned by insiders.

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.

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

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