MKS Instruments, Inc. (MKSI) Stake Lifted by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC grew its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,668 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,395 shares during the period. Mutual of America Capital Management LLC owned approximately 0.17% of MKS Instruments worth $8,658,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its position in shares of MKS Instruments by 71.9% during the 2nd 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. Creative Planning grew its position in shares of MKS Instruments by 22.8% during the 2nd 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. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MKS Instruments by 12.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,482 shares of the scientific and technical instruments company’s stock valued at $167,000 after purchasing an additional 281 shares in the last quarter. Good Life Advisors LLC purchased a new position in shares of MKS Instruments during the 2nd quarter valued at $203,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of MKS Instruments during the 1st quarter valued at $221,000. Hedge funds and other institutional investors own 95.38% of the company’s stock.
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MKS Instruments, Inc. (MKSI) traded up 0.85% on Friday, hitting $101.10. 359,819 shares of the stock were exchanged. MKS Instruments, Inc. has a 12 month low of $48.05 and a 12 month high of $102.50. The firm has a market cap of $5.49 billion, a P/E ratio of 21.00 and a beta of 1.13. The company has a 50-day moving average of $91.97 and a 200 day moving average of $80.83.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.41. The firm had revenue of $481.00 million for the quarter, compared to the consensus estimate of $463.86 million. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The company’s revenue was up 47.6% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. Equities research analysts expect that MKS Instruments, Inc. will post $5.47 earnings per share for the current fiscal year.
A number of research firms have recently commented on MKSI. Stifel Nicolaus restated a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. KeyCorp restated an “outperform” rating and set a $100.00 price target on shares of MKS Instruments in a research 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 target for the company. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $95.50.
In other news, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total transaction of $158,600.00. Following the sale, 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 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 firm’s stock in a transaction on 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 in the company, valued at $280,617.84. The disclosure for this sale can be found here. Insiders have sold a total of 11,100 shares of company stock worth $935,105 over the last 90 days. Insiders own 1.65% of the company’s stock.
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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