Sciencast Management LP Takes Position in MKS Instruments, Inc. (MKSI)

Sciencast Management LP bought a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,700 shares of the scientific and technical instruments company’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKSI. Riverhead Capital Management LLC boosted its position in 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 acquiring an additional 863 shares in the last quarter. Creative Planning boosted its position in 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 acquiring an additional 416 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 acquiring an additional 281 shares in the last quarter. Good Life Advisors LLC bought a new stake in MKS Instruments during the 2nd quarter valued at $203,000. Finally, Piedmont Investment Advisors LLC bought a new stake in MKS Instruments during the 1st quarter valued at $221,000. 95.38% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/08/sciencast-management-lp-takes-position-in-mks-instruments-inc-mksi.html.

Shares of MKS Instruments, Inc. (NASDAQ:MKSI) traded up 0.26% during mid-day trading on Friday, reaching $95.40. The company’s stock had a trading volume of 338,174 shares. The stock has a 50 day moving average of $86.76 and a 200-day moving average of $78.66. 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 $5.18 billion, a P/E ratio of 19.82 and a beta of 1.13.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business had revenue of $481.00 million for the quarter, compared to analyst estimates of $463.86 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company’s revenue was up 47.6% on a year-over-year basis. On average, equities research analysts expect that MKS Instruments, Inc. will post $5.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were given 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 was Thursday, August 24th. MKS Instruments’s dividend payout ratio is currently 14.58%.

In other news, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at $1,854,567. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value 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 disclosure for this sale can be found here. Insiders have sold 11,100 shares of company stock worth $935,105 in the last ninety days. Corporate insiders own 1.65% of the company’s stock.

Several analysts have issued reports on the company. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. KeyCorp reaffirmed an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. Finally,

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKSI. Riverhead Capital Management LLC boosted its position in 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 acquiring an additional 863 shares in the last quarter. Creative Planning boosted its position in 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 acquiring an additional 416 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 acquiring an additional 281 shares in the last quarter. Good Life Advisors LLC bought a new stake in MKS Instruments during the 2nd quarter valued at $203,000. Finally, Piedmont Investment Advisors LLC bought a new stake in MKS Instruments during the 1st quarter valued at $221,000. 95.38% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/08/sciencast-management-lp-takes-position-in-mks-instruments-inc-mksi.html.

Shares of MKS Instruments, Inc. (NASDAQ:MKSI) traded up 0.26% during mid-day trading on Friday, reaching $95.40. The company’s stock had a trading volume of 338,174 shares. The stock has a 50 day moving average of $86.76 and a 200-day moving average of $78.66. 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 $5.18 billion, a P/E ratio of 19.82 and a beta of 1.13.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business had revenue of $481.00 million for the quarter, compared to analyst estimates of $463.86 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company’s revenue was up 47.6% on a year-over-year basis. On average, equities research analysts expect that MKS Instruments, Inc. will post $5.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were given 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 was Thursday, August 24th. MKS Instruments’s dividend payout ratio is currently 14.58%.

In other news, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at $1,854,567. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value 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 disclosure for this sale can be found here. Insiders have sold 11,100 shares of company stock worth $935,105 in the last ninety days. Corporate insiders own 1.65% of the company’s stock.

Several analysts have issued reports on the company. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. KeyCorp reaffirmed an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, Deutsche Bank AG assumed coverage on MKS Instruments in a research report on Wednesday, July 5th. They set a “buy” rating and a $84.00 target price on the stock. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $88.20.

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.

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply