Schwab Charles Investment Management Inc. trimmed its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 464,427 shares of the scientific and technical instruments company’s stock after selling 10,559 shares during the period. Schwab Charles Investment Management Inc. owned about 0.85% of MKS Instruments worth $53,711,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its position in MKS Instruments by 311.2% in the fourth quarter. Meeder Asset Management Inc. now owns 1,065 shares of the scientific and technical instruments company’s stock worth $101,000 after purchasing an additional 806 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of MKS Instruments during the 1st quarter valued at about $223,000. Advisor Partners LLC purchased a new position in shares of MKS Instruments during the 4th quarter valued at about $206,000. Zeke Capital Advisors LLC purchased a new position in shares of MKS Instruments during the 4th quarter valued at about $220,000. Finally, Csenge Advisory Group purchased a new position in shares of MKS Instruments during the 4th quarter valued at about $226,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the company. Cowen assumed coverage on MKS Instruments in a research report on Monday, May 14th. They set an “outperform” rating and a $135.00 price objective on the stock. ValuEngine cut MKS Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research report on Friday, April 6th. Deutsche Bank lifted their price objective on MKS Instruments to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 22nd. Finally, BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $125.00.
In related news, Director Peter Hanley sold 350 shares of MKS Instruments stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $115.10, for a total transaction of $40,285.00. Following the sale, the director now owns 2,422 shares of the company’s stock, valued at approximately $278,772.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Tseng-Chung Lee sold 13,432 shares of MKS Instruments stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $115.38, for a total value of $1,549,784.16. Following the sale, the chief operating officer now directly owns 1,601 shares in the company, valued at approximately $184,723.38. The disclosure for this sale can be found here. Insiders have sold a total of 44,097 shares of company stock worth $4,929,155 in the last three months. 1.67% of the stock is owned by corporate insiders.
MKS Instruments opened at $110.60 on Friday, Marketbeat Ratings reports. MKS Instruments, Inc. has a twelve month low of $65.90 and a twelve month high of $128.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.24 and a current ratio of 4.49. The stock has a market cap of $6.05 billion, a PE ratio of 16.39, a P/E/G ratio of 1.01 and a beta of 0.95.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.07. The firm had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $530.68 million. MKS Instruments had a return on equity of 23.94% and a net margin of 18.65%. The business’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 EPS. equities analysts forecast that MKS Instruments, Inc. will post 8.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Monday, May 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, May 24th. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. MKS Instruments’s dividend payout ratio (DPR) is 12.08%.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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