Virginia Retirement Systems ET AL Sells 5,900 Shares of MKS Instruments, Inc. (MKSI)
Virginia Retirement Systems ET AL trimmed its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 23.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,800 shares of the scientific and technical instruments company’s stock after selling 5,900 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in MKS Instruments were worth $1,870,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of MKSI. Renaissance Technologies LLC acquired a new position in shares of MKS Instruments in the second quarter worth approximately $31,823,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of MKS Instruments in the third quarter worth approximately $41,700,000. Koch Industries Inc. acquired a new position in shares of MKS Instruments in the second quarter worth approximately $358,000. Lazard Asset Management LLC acquired a new position in shares of MKS Instruments in the second quarter worth approximately $17,771,000. Finally, Rothschild Asset Management Inc. acquired a new position in shares of MKS Instruments in the third quarter worth approximately $24,693,000. 95.54% of the stock is currently owned by institutional investors.
A number of research firms recently commented on MKSI. BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday. ValuEngine lowered MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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 note on Thursday, October 26th. Deutsche Bank lifted their price objective on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $108.00 price objective (up from $98.00) on shares of MKS Instruments in a research note on Tuesday, October 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $109.75.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.10. The business had revenue of $486.27 million during the quarter, compared to the consensus estimate of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. equities analysts anticipate that MKS Instruments, Inc. will post 5.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be issued a $0.18 dividend. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 24th. MKS Instruments’s payout ratio is presently 12.88%.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $107.90, for a total value of $215,800.00. Following the completion of the sale, the vice president now directly owns 13,785 shares in the company, valued at $1,487,401.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at $1,854,567. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,913 shares of company stock valued at $1,107,324. 1.65% of the stock is currently owned by corporate insiders.
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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.
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