MKS Instruments, Inc. (MKSI) Holdings Increased by Amalgamated Bank
Amalgamated Bank raised its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,446 shares of the scientific and technical instruments company’s stock after buying an additional 244 shares during the quarter. Amalgamated Bank’s holdings in MKS Instruments were worth $501,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Airain ltd grew its holdings in MKS Instruments by 44.8% in the 2nd quarter. Airain ltd now owns 28,032 shares of the scientific and technical instruments company’s stock valued at $1,887,000 after buying an additional 8,677 shares during the period. PNC Financial Services Group Inc. grew its holdings in MKS Instruments by 9.9% in the 1st 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 buying an additional 7,427 shares during the period. BlackRock Inc. grew its holdings in MKS Instruments by 50,850.9% in the 1st quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after buying an additional 6,571,973 shares during the period. KCG Holdings Inc. grew its holdings in MKS Instruments by 97.0% in the 1st quarter. KCG Holdings Inc. now owns 9,866 shares of the scientific and technical instruments company’s stock valued at $678,000 after buying an additional 4,859 shares during the period. Finally, Virginia Retirement Systems ET AL grew its holdings in MKS Instruments by 2.0% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the scientific and technical instruments company’s stock valued at $1,730,000 after buying an additional 500 shares during the period. Institutional investors own 95.38% of the company’s stock.
MKSI has been the subject of several recent analyst reports. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Deutsche Bank AG initiated coverage on MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $98.00 price target (up previously from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Finally, KeyCorp restated an “outperform” rating and issued a $100.00 price target on shares of MKS Instruments in a report on Saturday, September 16th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. MKS Instruments presently has a consensus rating of “Buy” and an average target price of $88.20.
Shares of MKS Instruments, Inc. (NASDAQ MKSI) opened at 96.00 on Thursday. MKS Instruments, Inc. has a one year low of $46.51 and a one year high of $96.65. The stock has a market cap of $5.21 billion, a PE ratio of 19.94 and a beta of 1.13. The stock’s 50 day moving average price is $85.96 and its 200-day moving average price is $78.35.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting the Zacks’ 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 the consensus estimate of $463.86 million. During the same period last year, the business earned $0.72 EPS. The business’s quarterly revenue was up 47.6% on a year-over-year basis. On average, equities analysts predict that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 14.58%.
In other news, VP Brian Charles Quirk sold 2,000 shares of the firm’s 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 completion of the sale, the vice president now directly owns 15,785 shares of the company’s stock, valued at approximately $1,251,750.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the sale, the chief financial officer now directly owns 21,615 shares of the company’s stock, valued at $1,854,567. The disclosure for this sale can be found here. Insiders have sold a total of 11,100 shares of company stock valued at $935,105 over the last ninety days. Company insiders own 1.65% of the company’s stock.
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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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