Cavalier Investments LLC acquired a new position in MKS Instruments, Inc. (NASDAQ:MKSI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,500 shares of the scientific and technical instruments company’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently made changes to their positions in the stock. LS Investment Advisors LLC increased its position in MKS Instruments by 0.5% in the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock worth $285,000 after purchasing an additional 19 shares during the period. Teacher Retirement System of Texas increased its position in MKS Instruments by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 4,273 shares of the scientific and technical instruments company’s stock worth $288,000 after purchasing an additional 21 shares during the period. World Asset Management Inc increased its position in MKS Instruments by 2.8% in the second quarter. World Asset Management Inc now owns 3,538 shares of the scientific and technical instruments company’s stock worth $238,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System increased its position in MKS Instruments by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the scientific and technical instruments company’s stock worth $1,481,000 after purchasing an additional 100 shares during the period. Finally, Arizona State Retirement System increased its position in MKS Instruments by 0.4% in the second quarter. Arizona State Retirement System now owns 28,176 shares of the scientific and technical instruments company’s stock worth $1,896,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

A number of analysts recently commented on MKSI shares. KeyCorp reiterated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. Dougherty & Co lifted their price objective on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $108.00 price objective (up from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. Finally, Deutsche Bank AG boosted their target price on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $109.75.

In other news, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $107.90, for a total transaction of $215,800.00. Following the transaction, the vice president now owns 13,785 shares in the company, valued at approximately $1,487,401.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments 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 approximately $1,854,567. The disclosure for this sale can be found here. Insiders have sold a total of 10,100 shares of company stock valued at $909,085 over the last 90 days. Corporate insiders own 1.65% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/08/2500-shares-in-mks-instruments-inc-mksi-purchased-by-cavalier-investments-llc.html.

MKS Instruments, Inc. (NASDAQ:MKSI) traded down $0.10 during trading on Wednesday, hitting $106.45. The stock had a trading volume of 137,193 shares, compared to its average volume of 521,110. The firm has a market cap of $5,836.67, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.16 and a beta of 1.11. MKS Instruments, Inc. has a 52 week low of $48.05 and a 52 week high of $110.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.23 and a quick ratio of 3.10.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The company had revenue of $486.27 million during the quarter, compared to analyst estimates of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. equities research analysts expect that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 27th will be given a dividend of $0.18 per share. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, November 24th. MKS Instruments’s payout ratio is presently 12.54%.

MKS Instruments Company 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.

Want to see what other hedge funds are holding MKSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MKS Instruments, Inc. (NASDAQ:MKSI).

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

Receive News & Stock Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related stocks with our FREE daily email newsletter.