Mckinley Capital Management LLC Delaware trimmed its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 31.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,825 shares of the scientific and technical instruments company’s stock after selling 843 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in MKS Instruments were worth $146,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. LPL Financial LLC acquired a new position in shares of MKS Instruments in the first quarter worth approximately $531,000. Principal Financial Group Inc. increased its holdings in MKS Instruments by 26.4% in the first quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock worth $103,804,000 after purchasing an additional 187,491 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in MKS Instruments in the second quarter worth approximately $628,000. Xact Kapitalforvaltning AB increased its holdings in MKS Instruments by 13.8% in the second quarter. Xact Kapitalforvaltning AB now owns 8,223 shares of the scientific and technical instruments company’s stock worth $787,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in MKS Instruments in the second quarter worth approximately $6,021,000. Institutional investors and hedge funds own 90.55% of the company’s stock.
A number of equities research analysts have weighed in on MKSI shares. Zacks Investment Research downgraded MKS Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Citigroup lowered their target price on MKS Instruments from $118.00 to $101.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. ValuEngine downgraded MKS Instruments from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. BidaskClub upgraded MKS Instruments from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Cowen set a $100.00 target price on MKS Instruments and gave the stock a “buy” rating in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. MKS Instruments has an average rating of “Buy” and a consensus price target of $118.00.
Shares of MKSI stock opened at $74.17 on Friday. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.77 and a beta of 0.88. The company has a quick ratio of 3.86, a current ratio of 5.38 and a debt-to-equity ratio of 0.19. MKS Instruments, Inc. has a fifty-two week low of $67.83 and a fifty-two week high of $128.28.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.16. The firm had revenue of $487.00 million during the quarter, compared to the consensus estimate of $492.88 million. MKS Instruments had a return on equity of 25.57% and a net margin of 18.76%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 earnings per share. On average, research analysts anticipate that MKS Instruments, Inc. will post 7.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.80 annualized dividend and a dividend yield of 1.08%. MKS Instruments’s dividend payout ratio is 13.42%.
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MKS Instruments Company Profile
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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