Truvestments Capital LLC Buys 200 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Truvestments Capital LLC grew its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,562 shares of the scientific and technical instruments company’s stock after acquiring an additional 200 shares during the quarter. Truvestments Capital LLC’s holdings in MKS Instruments were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in MKS Instruments by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,088,283 shares of the scientific and technical instruments company’s stock worth $322,386,000 after acquiring an additional 35,256 shares in the last quarter. Nordea Investment Management AB boosted its holdings in MKS Instruments by 10.4% in the fourth quarter. Nordea Investment Management AB now owns 2,525,037 shares of the scientific and technical instruments company’s stock worth $265,874,000 after acquiring an additional 237,979 shares in the last quarter. State Street Corp boosted its holdings in MKS Instruments by 3.5% in the third quarter. State Street Corp now owns 1,954,881 shares of the scientific and technical instruments company’s stock worth $212,515,000 after acquiring an additional 65,200 shares in the last quarter. Geode Capital Management LLC boosted its holdings in MKS Instruments by 4.6% in the third quarter. Geode Capital Management LLC now owns 1,172,517 shares of the scientific and technical instruments company’s stock worth $127,496,000 after acquiring an additional 51,519 shares in the last quarter. Finally, Barclays PLC boosted its holdings in MKS Instruments by 108.6% in the third quarter. Barclays PLC now owns 1,019,134 shares of the scientific and technical instruments company’s stock worth $110,789,000 after acquiring an additional 530,620 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

MKS Instruments Stock Up 2.7 %

Shares of MKSI stock opened at $81.02 on Thursday. The stock has a market cap of $5.46 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.02 and a beta of 1.76. MKS Instruments, Inc. has a twelve month low of $76.37 and a twelve month high of $147.40. The stock has a 50 day moving average of $105.26 and a 200 day moving average of $107.58. The company has a current ratio of 3.19, a quick ratio of 2.04 and a debt-to-equity ratio of 1.93.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.23. MKS Instruments had a return on equity of 18.94% and a net margin of 5.30%. As a group, sell-side analysts expect that MKS Instruments, Inc. will post 6.94 EPS for the current year.

MKS Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, February 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 31.43%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on MKS Instruments from $128.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $140.00 target price on shares of MKS Instruments in a report on Thursday, February 13th. Citigroup raised MKS Instruments from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, January 6th. Needham & Company LLC decreased their target price on MKS Instruments from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Benchmark decreased their target price on MKS Instruments from $142.00 to $135.00 and set a “buy” rating for the company in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, MKS Instruments has a consensus rating of “Moderate Buy” and an average target price of $140.08.

Insider Activity

In other news, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.46, for a total value of $25,426.50. Following the sale, the director now directly owns 17,384 shares of the company’s stock, valued at $1,607,324.64. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerard G. Colella sold 8,000 shares of MKS Instruments stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $104.53, for a total value of $836,240.00. Following the completion of the sale, the director now directly owns 60,017 shares in the company, valued at $6,273,577.01. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

MKS Instruments Company Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.