BB&T Securities LLC decreased its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 30.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,982 shares of the scientific and technical instruments company’s stock after selling 1,305 shares during the period. BB&T Securities LLC’s holdings in MKS Instruments were worth $200,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its stake in MKS Instruments by 50,850.9% in the 1st quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock worth $452,712,000 after buying an additional 6,571,973 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of MKS Instruments by 5.0% in the 1st 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 purchasing an additional 223,363 shares in the last quarter. State Street Corp raised its holdings in MKS Instruments by 3.1% during the 1st quarter. State Street Corp now owns 1,287,019 shares of the scientific and technical instruments company’s stock valued at $88,488,000 after buying an additional 38,586 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in MKS Instruments by 32.6% during the 1st quarter. Bank of New York Mellon Corp now owns 946,072 shares of the scientific and technical instruments company’s stock valued at $65,042,000 after buying an additional 232,778 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in MKS Instruments by 7.6% during the 1st quarter. OppenheimerFunds Inc. now owns 925,777 shares of the scientific and technical instruments company’s stock valued at $63,648,000 after buying an additional 65,689 shares during the last quarter. 95.84% of the stock is currently owned by institutional investors.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the sale, the vice president now owns 15,785 shares of the company’s stock, valued at approximately $1,251,750.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the sale, the chief financial officer now directly owns 21,615 shares in the company, valued at approximately $1,854,567. 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 over the last 90 days. 1.65% of the stock is currently owned by company insiders.
MKSI has been the subject of several research reports. BidaskClub lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Deutsche Bank AG initiated coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price objective for the company. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 target price (up from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Finally, KeyCorp reaffirmed an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a research report on Saturday. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. MKS Instruments presently has a consensus rating of “Buy” and an average price target of $86.67.
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at 86.60 on Friday. The stock has a market cap of $4.70 billion, a P/E ratio of 17.99 and a beta of 1.08. The stock’s 50 day moving average is $81.55 and its 200-day moving average is $75.92. MKS Instruments, Inc. has a one year low of $46.51 and a one year high of $88.40.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business had revenue of $481.00 million during the quarter, compared to analysts’ expectations of $463.86 million. During the same period in the prior year, the business posted $0.72 EPS. The company’s revenue was up 47.6% compared to the same quarter last year. On average, equities analysts forecast that MKS Instruments, Inc. will post $5.42 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is 14.58%.
MKS Instruments Company 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.
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