Voya Investment Management LLC boosted its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 55.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,204 shares of the scientific and technical instruments company’s stock after purchasing an additional 23,579 shares during the period. Voya Investment Management LLC owned 0.12% of MKS Instruments worth $4,456,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its holdings 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 purchasing an additional 6,571,973 shares in the last quarter. Vanguard Group Inc. increased its holdings in MKS Instruments by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock worth $327,924,000 after purchasing an additional 163,192 shares in the last quarter. State Street Corp increased its holdings in MKS Instruments by 3.1% in the 1st quarter. State Street Corp now owns 1,287,019 shares of the scientific and technical instruments company’s stock worth $88,488,000 after purchasing an additional 38,586 shares in the last quarter. Northern Trust Corp increased its holdings in MKS Instruments by 4.6% in the 2nd quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock worth $49,954,000 after purchasing an additional 32,701 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in MKS Instruments by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock worth $38,938,000 after purchasing an additional 24,851 shares in the last quarter. 95.38% of the stock is owned by institutional investors and hedge funds.
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Shares of MKS Instruments, Inc. (NASDAQ MKSI) opened at 97.45 on Friday. The stock has a 50 day moving average price of $88.69 and a 200 day moving average price of $79.48. The firm has a market cap of $5.29 billion, a PE ratio of 20.24 and a beta of 1.13. MKS Instruments, Inc. has a 52 week low of $46.51 and a 52 week high of $98.50.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. The firm had revenue of $481.00 million for the quarter, compared to the consensus estimate of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company’s quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. Equities analysts expect that MKS Instruments, Inc. will post $5.44 earnings per share for the current year.
In other news, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $83.22, for a total value of $83,220.00. Following the transaction, the director now owns 3,372 shares in the company, valued at $280,617.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments 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 completion of the transaction, the vice president now owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,100 shares of company stock worth $935,105. Company insiders own 1.65% of the company’s stock.
A number of equities analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of MKS Instruments in a report on Sunday, October 1st. KeyCorp reissued an “outperform” rating and issued a $100.00 price target on shares of MKS Instruments in a research note on Saturday, September 16th. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Finally, Deutsche Bank AG assumed coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price target for the company. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $95.50.
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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