Schwab Charles Investment Management Inc. boosted its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 34.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 466,389 shares of the scientific and technical instruments company’s stock after purchasing an additional 118,424 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.86% of MKS Instruments worth $44,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKSI. Riverhead Capital Management LLC raised its holdings in MKS Instruments by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock worth $139,000 after purchasing an additional 863 shares in the last quarter. Creative Planning raised its holdings in MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock worth $151,000 after purchasing an additional 416 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MKS Instruments by 12.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,482 shares of the scientific and technical instruments company’s stock worth $167,000 after purchasing an additional 281 shares in the last quarter. Good Life Advisors LLC bought a new position in MKS Instruments in the second quarter worth $203,000. Finally, Bridgeworth LLC bought a new position in MKS Instruments in the third quarter worth $203,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

In related news, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments 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 completion of the sale, the chief financial officer now directly owns 21,615 shares in the company, valued at approximately $1,854,567. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth Mora sold 300 shares of MKS Instruments stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $94.10, for a total value of $28,230.00. The disclosure for this sale can be found here. Insiders have sold 12,113 shares of company stock valued at $1,125,840 over the last 90 days. Corporate insiders own 1.65% of the company’s stock.

A number of research firms have issued reports on MKSI. KeyCorp reiterated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a report on Saturday, September 16th. ValuEngine downgraded MKS Instruments from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus restated a “buy” rating and set a $108.00 price target (up from $98.00) on shares of MKS Instruments in a report on Tuesday, October 24th. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Finally, Dougherty & Co raised their price target on MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $109.75.

MKS Instruments, Inc. (NASDAQ:MKSI) opened at $95.80 on Friday. MKS Instruments, Inc. has a twelve month low of $58.50 and a twelve month high of $110.60. The company has a current ratio of 4.23, a quick ratio of 3.10 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4,943.52, a price-to-earnings ratio of 17.21, a PEG ratio of 0.99 and a beta of 1.04.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The firm had revenue of $486.27 million during the quarter, compared to the consensus estimate of $476.24 million. During the same period last year, the company earned $0.88 earnings per share. The company’s revenue was up 27.7% on a year-over-year basis. sell-side analysts anticipate that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 24th. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a dividend yield of 0.75%. MKS Instruments’s dividend payout ratio (DPR) is presently 12.90%.

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

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