Bayesian Capital Management LP Acquires Shares of 4,899 MKS Instruments, Inc. (MKSI)
Bayesian Capital Management LP acquired a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,899 shares of the scientific and technical instruments company’s stock, valued at approximately $330,000.
A number of other large investors have also added to or reduced their stakes in MKSI. BlackRock Inc. grew its position 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 acquiring an additional 6,571,973 shares during the last quarter. Vanguard Group Inc. raised its stake in MKS Instruments by 3.5% during the second quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock worth $327,924,000 after acquiring an additional 163,192 shares in the last quarter. State Street Corp raised its stake in MKS Instruments by 3.1% during the first quarter. State Street Corp now owns 1,287,019 shares of the scientific and technical instruments company’s stock worth $88,488,000 after acquiring an additional 38,586 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of MKS Instruments by 4.6% in the second quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock worth $49,954,000 after acquiring an additional 32,701 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 worth $38,938,000 after acquiring an additional 24,851 shares during the last quarter. 95.38% of the stock is currently owned by institutional investors and hedge funds.
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MKS Instruments, Inc. (NASDAQ MKSI) opened at 94.45 on Monday. The firm has a market cap of $5.13 billion, a PE ratio of 19.62 and a beta of 1.13. MKS Instruments, Inc. has a one year low of $46.51 and a one year high of $95.50. The firm has a 50-day moving average price of $82.00 and a 200-day moving average price of $76.43.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, hitting the 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%. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. On average, equities analysts expect that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.70 dividend on an annualized basis and a yield of 0.74%. MKS Instruments’s payout ratio is 14.58%.
In other news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total transaction of $158,600.00. Following the transaction, the vice president now directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the 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 transaction, the chief financial officer now owns 21,615 shares in the company, valued at $1,854,567. The disclosure for this sale can be found here. Insiders have sold 11,100 shares of company stock worth $935,105 in the last 90 days. Company insiders own 1.65% of the company’s stock.
MKSI has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating on shares of MKS Instruments in a research note on Sunday. KeyCorp reaffirmed an “outperform” rating and set a $100.00 price target on shares of MKS Instruments in a report on Saturday, September 16th. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, Deutsche Bank AG began coverage on shares of MKS Instruments in a research report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective for the company. 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 currently has an average rating of “Buy” and a consensus price target 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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