MKS Instruments, Inc. (MKSI) Holdings Lifted by Prudential Financial Inc.

Prudential Financial Inc. grew its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 237.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,782 shares of the scientific and technical instruments company’s stock after purchasing an additional 253,949 shares during the quarter. Prudential Financial Inc. owned approximately 0.66% of MKS Instruments worth $34,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of MKS Instruments by 0.5% during the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after purchasing an additional 19 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of MKS Instruments by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 4,273 shares of the scientific and technical instruments company’s stock valued at $288,000 after purchasing an additional 21 shares during the period. World Asset Management Inc boosted its stake in shares of MKS Instruments by 2.8% during the second quarter. World Asset Management Inc now owns 3,538 shares of the scientific and technical instruments company’s stock valued at $238,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of MKS Instruments by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the scientific and technical instruments company’s stock valued at $1,481,000 after purchasing an additional 100 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of MKS Instruments by 0.4% during the second quarter. Arizona State Retirement System now owns 28,176 shares of the scientific and technical instruments company’s stock valued at $1,896,000 after purchasing an additional 100 shares during the period. 97.24% of the stock is owned by hedge funds and other institutional investors.

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In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the business’s 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 transaction, the chief financial officer now directly owns 21,615 shares in the company, valued at $1,854,567. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $107.90, for a total transaction of $215,800.00. Following the completion of the transaction, the vice president now owns 13,785 shares of the company’s stock, valued at $1,487,401.50. The disclosure for this sale can be found here. Insiders sold 10,100 shares of company stock valued at $909,085 over the last 90 days. 1.65% of the stock is currently owned by corporate insiders.

Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at $104.15 on Tuesday. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5,654.78, a PE ratio of 19.69, a P/E/G ratio of 1.13 and a beta of 1.11. MKS Instruments, Inc. has a fifty-two week low of $52.35 and a fifty-two week high of $110.60.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. The firm had revenue of $486.27 million during the quarter, compared to the consensus estimate of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. research analysts anticipate that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a $0.18 dividend. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, November 24th. MKS Instruments’s payout ratio is presently 12.54%.

MKSI has been the subject of a number of recent analyst reports. Deutsche Bank AG boosted their target price on shares of MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Dougherty & Co boosted their target price on shares of MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Stifel Nicolaus reissued a “buy” rating on shares of MKS Instruments in a research note on Sunday, October 1st. Finally, KeyCorp reissued an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research note on Saturday, September 16th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $109.75.

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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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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