3,500 Shares in MKS Instruments, Inc. (MKSI) Purchased by Bessemer Group Inc.

Bessemer Group Inc. bought a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,500 shares of the scientific and technical instruments company’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MKSI. LS Investment Advisors LLC increased its position in MKS Instruments by 0.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after acquiring an additional 19 shares during the period. Teacher Retirement System of Texas boosted its holdings in MKS Instruments by 0.5% in the 2nd 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 in the last quarter. World Asset Management Inc boosted its holdings in MKS Instruments by 2.8% in the 2nd 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 in the last quarter. Arizona State Retirement System boosted its holdings in MKS Instruments by 0.4% in the 2nd 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 in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in MKS Instruments by 2.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,733 shares of the scientific and technical instruments company’s stock valued at $319,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

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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 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 completion of the transaction, the chief financial officer now directly owns 21,615 shares in the company, valued at approximately $1,854,567. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $107.90, for a total value 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 have sold a total of 12,213 shares of company stock valued at $1,128,879 over the last 90 days. Insiders own 1.65% of the company’s stock.

MKS Instruments, Inc. (NASDAQ MKSI) opened at $103.50 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.10 and a current ratio of 4.23. MKS Instruments, Inc. has a 12-month low of $53.51 and a 12-month high of $110.60. The stock has a market capitalization of $5,619.53, a P/E ratio of 19.57, a P/E/G ratio of 1.12 and a beta of 1.11.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be given a dividend of $0.18 per share. 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 0.70%. The ex-dividend date of this dividend is Friday, November 24th. MKS Instruments’s payout ratio is currently 12.54%.

Several brokerages have recently commented on MKSI. BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Stifel Nicolaus reissued a “buy” rating and set a $98.00 price target (up previously from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Dougherty & Co boosted their price target on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Deutsche Bank AG boosted their price target on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, KeyCorp reissued an “outperform” rating and set a $100.00 price target on shares of MKS Instruments in a research note on Saturday, September 16th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $109.75.

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

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