Pacer Advisors Inc. lifted its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 15.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,997 shares of the scientific and technical instruments company’s stock after buying an additional 945 shares during the period. Pacer Advisors Inc.’s holdings in MKS Instruments were worth $471,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MKS Instruments by 47.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 712 shares during the last quarter. Creative Planning grew its holdings in MKS Instruments by 22.8% during the 2nd quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 416 shares during the last quarter. Suntrust Banks Inc. acquired a new stake in MKS Instruments during the 1st quarter valued at $209,000. Piedmont Investment Advisors LLC acquired a new stake in MKS Instruments during the 1st quarter valued at $221,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in MKS Instruments during the 1st quarter valued at $231,000. 95.38% of the stock is owned by institutional investors and hedge funds.
In other news, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total value of $158,600.00. Following the sale, the vice president now directly owns 15,785 shares of the company’s stock, valued at approximately $1,251,750.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the transaction, the chief financial officer now directly owns 21,615 shares in the company, valued at $1,854,567. The disclosure for this sale can be found here. Insiders have sold a total of 11,100 shares of company stock worth $935,105 over the last three months. Insiders own 1.65% of the company’s stock.
Shares of MKS Instruments, Inc. (NASDAQ MKSI) traded up 1.61% during mid-day trading on Friday, reaching $91.35. The company had a trading volume of 514,336 shares. The company’s 50-day moving average price is $82.00 and its 200-day moving average price is $76.43. MKS Instruments, Inc. has a 52-week low of $46.51 and a 52-week high of $92.15. The company has a market capitalization of $4.96 billion, a PE ratio of 18.98 and a beta of 1.08.
MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The firm had revenue of $481.00 million for the quarter, compared to analyst estimates of $463.86 million. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. On average, analysts forecast that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders 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 0.77%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s payout ratio is 14.58%.
MKSI has been the topic of several analyst reports. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Deutsche Bank AG assumed coverage on MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 target price (up previously from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Finally, KeyCorp reissued an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $86.67.
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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.
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