Advisors Asset Management Inc. increased its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 37.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,870 shares of the scientific and technical instruments company’s stock after buying an additional 9,776 shares during the period. Advisors Asset Management Inc. owned about 0.07% of MKS Instruments worth $2,414,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in MKSI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MKS Instruments by 47.8% in the first 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 period. Creative Planning increased its stake in MKS Instruments by 22.8% in the second 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 period. Suntrust Banks Inc. bought a new stake in MKS Instruments during the first quarter valued at approximately $209,000. Piedmont Investment Advisors LLC bought a new stake in MKS Instruments during the first quarter valued at approximately $221,000. Finally, Intrust Bank NA bought a new stake in MKS Instruments during the first quarter valued at approximately $228,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at 80.40 on Wednesday. MKS Instruments, Inc. has a 12-month low of $45.85 and a 12-month high of $88.40. The firm has a 50-day moving average price of $78.52 and a 200 day moving average price of $74.00. The company has a market capitalization of $4.36 billion, a P/E ratio of 16.70 and a beta of 1.07.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data 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 million for the quarter, compared to analyst estimates of $463.86 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company’s revenue was up 47.6% on a year-over-year basis. On average, equities research analysts predict that MKS Instruments, Inc. will post $5.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio is currently 14.58%.
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Several research firms have commented on MKSI. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and issued a $98.00 target price (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Dougherty & Co reissued a “buy” rating and issued a $100.00 target price (up from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG began 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $84.00.
In other news, Director Peter Hanley sold 1,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now owns 3,372 shares of the company’s stock, valued at $280,617.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction on 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 directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders have sold 3,550 shares of company stock worth $284,628 in the last ninety days. Corporate insiders own 1.65% of the company’s stock.
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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