Bank of New York Mellon Corp Cuts Holdings in MKS Instruments, Inc. (MKSI)

Bank of New York Mellon Corp lowered its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 943,805 shares of the scientific and technical instruments company’s stock after selling 2,267 shares during the quarter. Bank of New York Mellon Corp owned 1.74% of MKS Instruments worth $63,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in MKS Instruments by 50,850.9% during the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after acquiring an additional 6,571,973 shares during the last quarter. Pictet Asset Management Ltd. increased its position in MKS Instruments by 653.8% during the first quarter. Pictet Asset Management Ltd. now owns 330,940 shares of the scientific and technical instruments company’s stock valued at $22,752,000 after acquiring an additional 287,036 shares during the last quarter. Teachers Advisors LLC increased its position in MKS Instruments by 280.2% during the first quarter. Teachers Advisors LLC now owns 334,529 shares of the scientific and technical instruments company’s stock valued at $22,999,000 after acquiring an additional 246,538 shares during the last quarter. Gotham Asset Management LLC increased its position in MKS Instruments by 2,280.5% during the first quarter. Gotham Asset Management LLC now owns 234,903 shares of the scientific and technical instruments company’s stock valued at $16,150,000 after acquiring an additional 225,035 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in MKS Instruments by 5.0% during the first quarter. Vanguard Group Inc. now owns 4,709,382 shares of the scientific and technical instruments company’s stock valued at $323,770,000 after acquiring an additional 223,363 shares during the last quarter. Hedge funds and other institutional investors own 95.84% of the company’s stock.

A number of analysts recently commented on the company. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price objective (up previously from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Deutsche Bank AG assumed coverage on MKS Instruments in a research report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective for the company. Finally, ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. MKS Instruments has an average rating of “Buy” and an average target price of $84.00.

Shares of MKS Instruments, Inc. (NASDAQ MKSI) traded up 0.06% during mid-day trading on Friday, reaching $86.60. The company’s stock had a trading volume of 921,278 shares. The firm’s 50-day moving average price is $81.55 and its 200 day moving average price is $75.92. MKS Instruments, Inc. has a 12-month low of $46.51 and a 12-month high of $88.40. The firm has a market cap of $4.70 billion, a P/E ratio of 17.99 and a beta of 1.08.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.41. The business had revenue of $481.00 million during the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company’s revenue was up 47.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, analysts expect that MKS Instruments, Inc. will post $5.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were paid a dividend of $0.175 per share. The ex-dividend date was Thursday, August 24th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.81%. MKS Instruments’s payout ratio is currently 14.58%.

In related news, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the transaction, the chief financial officer now owns 21,615 shares in the company, valued at approximately $1,854,567. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total value of $158,600.00. Following the completion of the transaction, the vice president now owns 15,785 shares of the company’s stock, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,100 shares of company stock valued at $935,105 in the last quarter. Company insiders own 1.65% of the company’s stock.

WARNING: This article was posted by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://baseballnewssource.com/markets/bank-of-new-york-mellon-corp-has-63-52-million-position-in-mks-instruments-inc-mksi/1566754.html.

MKS Instruments Profile

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)

Receive News & Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.