MKS Instruments, Inc. (NASDAQ:MKSI) Shares Sold by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC lowered its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 49.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,864 shares of the scientific and technical instruments company’s stock after selling 3,747 shares during the period. Affinity Investment Advisors LLC’s holdings in MKS Instruments were worth $260,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of MKS Instruments by 0.5% in the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 19 shares in the last quarter. Miles Capital Inc. raised its position in shares of MKS Instruments by 1.8% in the first quarter. Miles Capital Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock worth $247,000 after buying an additional 62 shares during the period. World Asset Management Inc raised its position in shares of MKS Instruments by 2.0% in the first quarter. World Asset Management Inc now owns 3,443 shares of the scientific and technical instruments company’s stock worth $237,000 after buying an additional 68 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of MKS Instruments by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the scientific and technical instruments company’s stock worth $839,000 after buying an additional 70 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of MKS Instruments by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the scientific and technical instruments company’s stock worth $1,481,000 after buying an additional 100 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of MKS Instruments, Inc. (MKSI) traded up 0.44% on Tuesday, hitting $79.90. The stock had a trading volume of 504,818 shares. MKS Instruments, Inc. has a one year low of $45.85 and a one year high of $88.40. The company’s 50 day moving average is $75.87 and its 200 day moving average is $72.65. The stock has a market cap of $4.33 billion, a PE ratio of 16.60 and a beta of 1.07.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The company had revenue of $481 million during the quarter, compared to analysts’ expectations of $463.86 million. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue was up 47.6% on a year-over-year basis. Equities research analysts predict that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio is 14.58%.

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A number of equities analysts recently issued reports on MKSI shares. Deutsche Bank AG started coverage on MKS Instruments in a research report on Wednesday, July 5th. They set a “buy” rating and a $84.00 target price on the stock. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Dougherty & Co restated a “buy” rating and set a $100.00 target price (up from $86.00) on shares of MKS Instruments in a research report on Friday, April 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 price objective (up from $71.00) on shares of MKS Instruments in a report on Friday, April 28th. Seven analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $84.00.

In other news, Director Richard S. Chute sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $80.00, for a total value of $240,000.00. Following the sale, the director now owns 11,604 shares of the company’s stock, valued at approximately $928,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerard G. Colella sold 2,500 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $79.30, for a total transaction of $198,250.00. Following the completion of the sale, the chief executive officer now directly owns 5,025 shares in the company, valued at approximately $398,482.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,250 shares of company stock valued at $822,090. Corporate insiders own 1.65% of the company’s stock.

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.

Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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