ProShare Advisors LLC lowered its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 24.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,571 shares of the scientific and technical instruments company’s stock after selling 1,810 shares during the quarter. ProShare Advisors LLC’s holdings in MKS Instruments were worth $375,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Profund Advisors LLC boosted its holdings in shares of MKS Instruments by 6.7% in the 2nd quarter. Profund Advisors LLC now owns 9,852 shares of the scientific and technical instruments company’s stock valued at $663,000 after purchasing an additional 619 shares during the last quarter. Laurion Capital Management LP acquired a new position in shares of MKS Instruments in the 2nd quarter valued at $525,000. Stevens Capital Management LP acquired a new position in shares of MKS Instruments in the 2nd quarter valued at $426,000. Amalgamated Bank boosted its holdings in shares of MKS Instruments by 3.4% in the 2nd quarter. Amalgamated Bank now owns 7,446 shares of the scientific and technical instruments company’s stock valued at $501,000 after purchasing an additional 244 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in shares of MKS Instruments by 15.9% in the 2nd quarter. Nationwide Fund Advisors now owns 101,847 shares of the scientific and technical instruments company’s stock valued at $6,854,000 after purchasing an additional 13,993 shares during the last quarter. Hedge funds and other institutional investors own 95.38% of the company’s stock.
MKSI has been the topic of several analyst reports. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. KeyCorp reissued an “outperform” rating and set a $100.00 price objective on shares of MKS Instruments in a report on Saturday, September 16th. Stifel Nicolaus reissued a “buy” rating and set a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Finally, Deutsche Bank AG started coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price target for the company. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $95.50.
MKS Instruments, Inc. (NASDAQ:MKSI) traded down 0.25% on Wednesday, reaching $99.30. 156,639 shares of the company’s stock were exchanged. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 20.63 and a beta of 1.13. MKS Instruments, Inc. has a 12 month low of $46.51 and a 12 month high of $100.10. The firm has a 50-day moving average of $89.51 and a 200-day moving average of $79.86.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. 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 earned $0.72 earnings per share. The company’s revenue was up 47.6% compared to the same quarter last year. On average, equities analysts expect that MKS Instruments, Inc. will post $5.47 earnings per share for the current year.
In other news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total transaction of $158,600.00. Following the completion of the transaction, the vice president now owns 15,785 shares in the company, valued at approximately $1,251,750.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $643,500.00. Following the transaction, the chief financial officer now owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The disclosure for this sale can be found here. Insiders have sold 11,100 shares of company stock worth $935,105 over the last ninety days. 1.65% of the stock is owned by insiders.
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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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