American Century Companies Inc. increased its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 53.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,995 shares of the scientific and technical instruments company’s stock after purchasing an additional 52,205 shares during the quarter. American Century Companies Inc. owned 0.27% of MKS Instruments worth $14,073,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MKSI. FMR LLC raised its holdings in MKS Instruments by 0.9% in the 1st quarter. FMR LLC now owns 22,093 shares of the scientific and technical instruments company’s stock worth $1,519,000 after purchasing an additional 200 shares during the period. Bank of America Corp DE raised its holdings in shares of MKS Instruments by 18.0% during the first quarter. Bank of America Corp DE now owns 146,170 shares of the scientific and technical instruments company’s stock valued at $10,049,000 after acquiring an additional 22,289 shares during the last quarter. Creative Planning raised its holdings in shares of MKS Instruments by 22.8% during the second 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 during the last quarter. James Investment Research Inc. acquired a new position in shares of MKS Instruments during the second quarter valued at approximately $1,236,000. Finally, LS Investment Advisors LLC raised its holdings in shares of MKS Instruments by 0.5% during the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after acquiring an additional 19 shares during the last quarter. 97.24% of the stock is owned by institutional investors.
In other news, CFO Seth H. Bagshaw sold 7,500 shares of the company’s 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 directly owns 21,615 shares in the company, valued at $1,854,567. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Tseng-Chung Lee sold 2,113 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $104.02, for a total value of $219,794.26. Following the completion of the sale, the chief operating officer now owns 1 shares of the company’s stock, valued at $104.02. The disclosure for this sale can be found here. Insiders sold 12,213 shares of company stock valued at $1,128,879 over the last 90 days. Company insiders own 1.65% of the company’s stock.
MKS Instruments, Inc. (NASDAQ:MKSI) opened at $103.50 on Friday. MKS Instruments, Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $110.60. The company has a market capitalization of $5,650.00, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.11. The company has a current ratio of 4.23, a quick ratio of 3.10 and a debt-to-equity ratio of 0.29.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The business 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 business’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. equities research analysts expect 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 given a $0.18 dividend. The ex-dividend date is Friday, November 24th. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.70%. MKS Instruments’s dividend payout ratio is 12.52%.
A number of equities analysts have commented on the company. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and set a $98.00 target price (up previously from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. KeyCorp reissued an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a report on Saturday, September 16th. Dougherty & Co increased their target price on MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Deutsche Bank AG increased their target price on MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $109.75.
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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