Crossmark Global Holdings Inc. lessened its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 48.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,198 shares of the scientific and technical instruments company’s stock after selling 7,621 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in MKS Instruments were worth $775,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in MKS Instruments by 311.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,065 shares of the scientific and technical instruments company’s stock valued at $101,000 after buying an additional 806 shares during the period. Krilogy Financial LLC acquired a new position in MKS Instruments in the 3rd quarter valued at approximately $144,000. Bridgeworth LLC acquired a new position in MKS Instruments in the 3rd quarter valued at approximately $203,000. Greenwood Capital Associates LLC acquired a new position in MKS Instruments in the 3rd quarter valued at approximately $204,000. Finally, Advisor Partners LLC acquired a new position in MKS Instruments in the 4th quarter valued at approximately $206,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.
In related news, Director Elizabeth Mora sold 300 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $94.10, for a total value of $28,230.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $95.26, for a total transaction of $476,300.00. Following the completion of the transaction, the chief executive officer now owns 5,025 shares in the company, valued at $478,681.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,239 shares of company stock worth $3,080,198. 1.65% of the stock is currently owned by company insiders.
MKS Instruments, Inc. (NASDAQ MKSI) opened at $110.00 on Friday. MKS Instruments, Inc. has a 12 month low of $64.45 and a 12 month high of $111.95. The company has a market cap of $5,970.00, a price-to-earnings ratio of 17.86, a PEG ratio of 1.10 and a beta of 1.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 4.21.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.08. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The company had revenue of $512.00 million for the quarter, compared to analyst estimates of $500.22 million. During the same quarter in the prior year, the business posted $1.05 EPS. MKS Instruments’s quarterly revenue was up 26.4% on a year-over-year basis. research analysts forecast that MKS Instruments, Inc. will post 7.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.72 annualized dividend and a dividend yield of 0.65%. MKS Instruments’s dividend payout ratio (DPR) is 11.69%.
Several brokerages have recently commented on MKSI. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 price target on the stock in a research note on Tuesday, February 6th. Dougherty & Co restated a “buy” rating on shares of MKS Instruments in a research note on Sunday, February 4th. KeyCorp restated a “buy” rating on shares of MKS Instruments in a research note on Friday, February 2nd. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $133.00 price target on shares of MKS Instruments in a research note on Thursday, February 1st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $116.60.
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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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