American International Group Inc. boosted its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,743 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,340 shares during the period. American International Group Inc. owned approximately 0.08% of MKS Instruments worth $4,037,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in MKS Instruments by 3.5% during the second quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock worth $327,924,000 after purchasing an additional 163,192 shares during the period. State Street Corp raised its stake in MKS Instruments by 4.9% during the second quarter. State Street Corp now owns 1,350,159 shares of the scientific and technical instruments company’s stock worth $90,865,000 after purchasing an additional 63,140 shares during the period. Northern Trust Corp raised its stake in MKS Instruments by 4.6% during the second quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock worth $49,954,000 after purchasing an additional 32,701 shares during the period. Principal Financial Group Inc. raised its stake in MKS Instruments by 34.6% during the third quarter. Principal Financial Group Inc. now owns 569,835 shares of the scientific and technical instruments company’s stock worth $53,822,000 after purchasing an additional 146,476 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in MKS Instruments during the second quarter worth approximately $31,823,000. 95.54% of the stock is currently owned by institutional investors.
Shares of MKS Instruments, Inc. (MKSI) opened at $92.80 on Thursday. MKS Instruments, Inc. has a 52-week low of $57.35 and a 52-week high of $110.60. The stock has a market cap of $4,943.52, a price-to-earnings ratio of 17.21, a PEG ratio of 0.99 and a beta of 1.04. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29.
MKS Instruments (NASDAQ:MKSI) last released 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 Zacks’ consensus estimate 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 net margin of 16.97% and a return on equity of 21.21%. The business’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. research analysts forecast that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.78%. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, November 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 12.90%.
In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $107.90, for a total transaction of $215,800.00. Following the transaction, the vice president now owns 13,785 shares in the company, valued at $1,487,401.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,113 shares of company stock valued at $1,125,840. Company insiders own 1.65% of the company’s stock.
A number of equities analysts have weighed in on the stock. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. ValuEngine lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus reissued a “buy” rating and issued a $108.00 price objective (up previously from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. KeyCorp reissued an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, Deutsche Bank increased their price objective on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target 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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