TimesSquare Capital Management LLC lowered its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,025,395 shares of the scientific and technical instruments company’s stock after selling 3,385 shares during the quarter. TimesSquare Capital Management LLC owned 1.89% of MKS Instruments worth $79,868,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of MKS Instruments by 17.3% during the fourth quarter. FMR LLC now owns 670,065 shares of the scientific and technical instruments company’s stock valued at $43,293,000 after acquiring an additional 98,788 shares during the period. Geode Capital Management LLC increased its stake in shares of MKS Instruments by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 584,620 shares of the scientific and technical instruments company’s stock valued at $37,772,000 after acquiring an additional 35,731 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of MKS Instruments during the first quarter valued at approximately $39,000. Louisiana State Employees Retirement System increased its stake in shares of MKS Instruments by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the scientific and technical instruments company’s stock valued at $1,349,000 after acquiring an additional 200 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of MKS Instruments by 0.8% during the first quarter. Retirement Systems of Alabama now owns 70,552 shares of the scientific and technical instruments company’s stock valued at $6,565,000 after acquiring an additional 547 shares during the period. Institutional investors own 94.70% of the company’s stock.
MKSI has been the topic of a number of research analyst reports. BidaskClub lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Zacks Investment Research lowered shares of MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price objective on the stock. in a research note on Thursday, July 25th. Susquehanna Bancshares initiated coverage on shares of MKS Instruments in a research note on Wednesday, May 15th. They set a “positive” rating and a $123.00 price objective on the stock. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Cowen reiterated an “outperform” rating and set a $120.00 price objective (up previously from $115.00) on shares of MKS Instruments in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $112.11.
MKS Instruments stock traded up $2.24 during mid-day trading on Friday, hitting $75.90. The company’s stock had a trading volume of 7,132 shares, compared to its average volume of 505,838. The company has a quick ratio of 3.12, a current ratio of 4.80 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.04 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.57 and a beta of 1.44. MKS Instruments, Inc. has a twelve month low of $56.37 and a twelve month high of $103.86. The stock’s fifty day moving average price is $79.58 and its two-hundred day moving average price is $83.50.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. The firm had revenue of $474.11 million for the quarter, compared to analyst estimates of $483.27 million. MKS Instruments had a net margin of 11.41% and a return on equity of 16.34%. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 earnings per share. Equities analysts expect that MKS Instruments, Inc. will post 4.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 26th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, August 23rd. MKS Instruments’s dividend payout ratio is 10.22%.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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