Pinebridge Investments L.P. cut its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 80.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,129 shares of the scientific and technical instruments company’s stock after selling 29,140 shares during the quarter. Pinebridge Investments L.P.’s holdings in MKS Instruments were worth $480,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Airain ltd increased its stake in MKS Instruments by 44.8% during the 2nd quarter. Airain ltd now owns 28,032 shares of the scientific and technical instruments company’s stock worth $1,887,000 after buying an additional 8,677 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of MKS Instruments by 9.9% during 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 acquiring an additional 7,427 shares during the last quarter. BlackRock Inc. raised its holdings in shares of MKS Instruments by 50,850.9% during 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. KCG Holdings Inc. raised its holdings in shares of MKS Instruments by 97.0% during 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 acquiring an additional 4,859 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of MKS Instruments by 4.6% during 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 acquiring an additional 24,851 shares during the last quarter. Institutional investors own 95.38% of the company’s stock.

In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the company’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 sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at $1,854,567. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Hanley sold 1,000 shares of the company’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 completion of the sale, the director now directly owns 3,372 shares in the company, valued at approximately $280,617.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,100 shares of company stock worth $935,105. 1.65% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on the company. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price target (up from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Deutsche Bank AG began coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price objective for the company. Finally, KeyCorp reissued an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research note on Saturday, September 16th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $86.67.

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Shares of MKS Instruments, Inc. (MKSI) opened at 94.45 on Monday. The firm has a market cap of $5.13 billion, a P/E ratio of 19.62 and a beta of 1.13. MKS Instruments, Inc. has a 12-month low of $46.51 and a 12-month high of $95.50. The firm has a 50-day moving average of $82.00 and a 200-day moving average of $76.43.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The business had revenue of $481.00 million during the quarter, compared to analysts’ expectations of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. On average, equities analysts forecast that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.

The firm also recently disclosed 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 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%.

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.

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

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