Clark Capital Management Group Inc. boosted its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 60.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 237,970 shares of the scientific and technical instruments company’s stock after purchasing an additional 89,366 shares during the quarter. Clark Capital Management Group Inc. owned about 0.44% of MKS Instruments worth $22,488,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised 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 purchasing an additional 806 shares during the last quarter. Krilogy Financial LLC acquired a new position in MKS Instruments in the 3rd quarter valued at $144,000. Bridgeworth LLC acquired a new position in MKS Instruments in the 3rd quarter valued at $203,000. Advisor Partners LLC acquired a new position in MKS Instruments in the 4th quarter valued at $206,000. Finally, Advantage Investment Management LLC raised its stake in MKS Instruments by 65.5% in the 3rd quarter. Advantage Investment Management LLC now owns 2,393 shares of the scientific and technical instruments company’s stock valued at $226,000 after purchasing an additional 947 shares during the last quarter. 93.92% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective for the company in a research note on Tuesday, February 6th. Dougherty & Co reissued a “buy” rating on shares of MKS Instruments in a research note on Sunday, February 4th. KeyCorp reissued a “buy” rating on shares of MKS Instruments in a research note on Friday, February 2nd. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. MKS Instruments currently has a consensus rating of “Buy” and an average price target of $116.60.
Shares of MKS Instruments, Inc. (NASDAQ MKSI) opened at $123.25 on Thursday. The company has a quick ratio of 3.10, a current ratio of 4.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6,720.00, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.19 and a beta of 0.93. MKS Instruments, Inc. has a twelve month low of $64.75 and a twelve month high of $128.28.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.08. The company had revenue of $512.00 million during the quarter, compared to analysts’ expectations of $500.22 million. MKS Instruments had a return on equity of 22.51% and a net margin of 17.70%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. equities research analysts anticipate that MKS Instruments, Inc. will post 7.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 23rd. MKS Instruments’s payout ratio is currently 11.09%.
In other news, VP Dennis L. Werth sold 3,639 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $96.88, for a total transaction of $352,546.32. Following the completion of the transaction, the vice president now directly owns 4,199 shares in the company, valued at approximately $406,799.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Seth H. Bagshaw sold 10,000 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $102.07, for a total value of $1,020,700.00. Following the transaction, the chief financial officer now owns 11,766 shares of the company’s stock, valued at $1,200,955.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,652 shares of company stock valued at $5,886,577. 1.65% of the stock is owned by company insiders.
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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.
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