Seven Eight Capital LP Lowers Stake in MKS Instruments, Inc. (MKSI)

Seven Eight Capital LP reduced its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 79.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,391 shares of the scientific and technical instruments company’s stock after selling 13,100 shares during the quarter. Seven Eight Capital LP’s holdings in MKS Instruments were worth $272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of MKS Instruments during the 2nd quarter valued at approximately $155,000. Cerebellum GP LLC boosted its position in shares of MKS Instruments by 239.6% during the 2nd quarter. Cerebellum GP LLC now owns 1,854 shares of the scientific and technical instruments company’s stock valued at $177,000 after acquiring an additional 1,308 shares during the last quarter. Visionary Asset Management Inc. bought a new position in shares of MKS Instruments during the 2nd quarter valued at approximately $209,000. Creative Planning boosted its position in shares of MKS Instruments by 34.8% during the 2nd quarter. Creative Planning now owns 2,423 shares of the scientific and technical instruments company’s stock valued at $232,000 after acquiring an additional 625 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of MKS Instruments during the 2nd quarter valued at approximately $240,000. Hedge funds and other institutional investors own 91.39% of the company’s stock.

In other news, Director Peter Hanley sold 1,240 shares of MKS Instruments stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $94.39, for a total transaction of $117,043.60. Following the completion of the sale, the director now directly owns 1,501 shares in the company, valued at $141,679.39. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth Mora sold 375 shares of MKS Instruments stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $92.50, for a total value of $34,687.50. Following the sale, the director now owns 15,787 shares of the company’s stock, valued at $1,460,297.50. The disclosure for this sale can be found here. 1.67% of the stock is owned by company insiders.

MKSI has been the subject of a number of research reports. Zacks Investment Research downgraded MKS Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Citigroup lowered their target price on MKS Instruments from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Tuesday, September 25th. ValuEngine downgraded MKS Instruments from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 12th. BidaskClub upgraded MKS Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Cowen set a $100.00 target price on MKS Instruments and gave the company a “buy” rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $118.00.

Shares of MKSI opened at $69.28 on Tuesday. The firm has a market capitalization of $3.88 billion, a P/E ratio of 11.62, a P/E/G ratio of 0.76 and a beta of 0.88. MKS Instruments, Inc. has a 52-week low of $67.83 and a 52-week high of $128.28. The company has a quick ratio of 3.86, a current ratio of 5.38 and a debt-to-equity ratio of 0.19.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. The company had revenue of $487.00 million during the quarter, compared to the consensus estimate of $492.88 million. MKS Instruments had a return on equity of 25.57% and a net margin of 18.76%. MKS Instruments’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $1.56 earnings per share. On average, sell-side analysts anticipate that MKS Instruments, Inc. will post 7.78 earnings per share for the current fiscal year.

About MKS Instruments

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.

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

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