Goldman Sachs Group Inc. Sells 246,363 Shares of MKS Instruments, Inc. (MKSI)

Goldman Sachs Group Inc. lessened its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 29.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 579,488 shares of the scientific and technical instruments company’s stock after selling 246,363 shares during the period. Goldman Sachs Group Inc. owned approximately 1.07% of MKS Instruments worth $38,999,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its stake 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 stake 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. Miles Capital Inc. increased its stake in MKS Instruments by 1.8% in the first quarter. Miles Capital Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock worth $247,000 after purchasing an additional 62 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in MKS Instruments by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the scientific and technical instruments company’s stock worth $839,000 after purchasing an additional 70 shares during the period. Finally, World Asset Management Inc increased its stake 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. Institutional investors own 95.38% of the company’s stock.

MKSI has been the topic of a number of recent analyst reports. BidaskClub lowered MKS Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Deutsche Bank AG initiated coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price on the stock. KeyCorp reiterated an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a research note on Saturday, September 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 target price (up previously from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $88.20.

MKS Instruments, Inc. (NASDAQ:MKSI) opened at 95.40 on Monday. The stock’s 50 day moving average price is $86.76 and its 200-day moving average price is $78.66. The company has a market cap of $5.18 billion, a P/E ratio of 19.82 and a beta of 1.13. MKS Instruments, Inc. has a 52-week low of $46.51 and a 52-week high of $96.65.

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 (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 return on equity of 19.47% and a net margin of 15.47%. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. On average, equities analysts predict that MKS Instruments, Inc. will post $5.44 earnings per share for the current fiscal year.

In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,854,567. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction dated 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 owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found NASDAQ:MKSI) opened at 95.40 on Monday. The stock’s 50 day moving average price is $86.76 and its 200-day moving average price is $78.66. The company has a market cap of $5.18 billion, a P/E ratio of 19.82 and a beta of 1.13. MKS Instruments, Inc. has a 52-week low of $46.51 and a 52-week high of $96.65.

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 (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 return on equity of 19.47% and a net margin of 15.47%. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. On average, equities analysts predict that MKS Instruments, Inc. will post $5.44 earnings per share for the current fiscal year.

In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,854,567. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction dated 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 owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders sold a total of 11,100 shares of company stock worth $935,105 in the last quarter. Company insiders own 1.65% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/goldman-sachs-group-inc-sells-246363-shares-of-mks-instruments-inc-mksi.html.

About MKS Instruments

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