Aperio Group LLC Acquires 996 Shares of MKS Instruments, Inc. (MKSI)

Aperio Group LLC raised its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 4.5% during the third quarter, Holdings Channel reports. The fund owned 23,058 shares of the scientific and technical instruments company’s stock after acquiring an additional 996 shares during the quarter. Aperio Group LLC’s holdings in MKS Instruments were worth $1,848,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in MKS Instruments by 38.2% during the second quarter. Renaissance Technologies LLC now owns 1,393,902 shares of the scientific and technical instruments company’s stock valued at $133,396,000 after acquiring an additional 385,102 shares during the last quarter. Royce & Associates LP increased its position in MKS Instruments by 5.3% during the second quarter. Royce & Associates LP now owns 1,000,897 shares of the scientific and technical instruments company’s stock valued at $95,786,000 after acquiring an additional 50,368 shares during the last quarter. Wells Fargo & Company MN increased its position in MKS Instruments by 1.8% during the second quarter. Wells Fargo & Company MN now owns 930,267 shares of the scientific and technical instruments company’s stock valued at $89,028,000 after acquiring an additional 16,878 shares during the last quarter. Principal Financial Group Inc. increased its position in MKS Instruments by 26.4% during the first quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock valued at $103,804,000 after acquiring an additional 187,491 shares during the last quarter. Finally, Millennium Management LLC increased its position in MKS Instruments by 2,397.4% during the second quarter. Millennium Management LLC now owns 531,926 shares of the scientific and technical instruments company’s stock valued at $50,905,000 after acquiring an additional 510,627 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

NASDAQ MKSI opened at $72.69 on Friday. The company has a current ratio of 5.38, a quick ratio of 3.86 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.17 billion, a PE ratio of 12.20, a P/E/G ratio of 0.82 and a beta of 0.88. MKS Instruments, Inc. has a 12 month low of $67.83 and a 12 month high of $128.28.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.16. The firm had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $492.88 million. MKS Instruments had a net margin of 18.76% and a return on equity of 25.57%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. As a group, equities research analysts anticipate that MKS Instruments, Inc. will post 7.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, November 23rd. MKS Instruments’s payout ratio is presently 13.42%.

A number of research analysts have weighed in on the stock. Benchmark cut their price objective on shares of MKS Instruments to $100.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Stifel Nicolaus cut their price objective on shares of MKS Instruments from $155.00 to $146.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. KeyCorp reiterated a “buy” rating and set a $135.00 price objective on shares of MKS Instruments in a research report on Thursday, July 26th. BidaskClub cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, ValuEngine cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $118.00.

In other news, Director Elizabeth Mora sold 375 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $92.50, for a total value of $34,687.50. Following the transaction, the director now directly owns 15,787 shares in the company, valued at $1,460,297.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.67% of the company’s stock.

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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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