Kestra Private Wealth Services LLC bought a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,356 shares of the scientific and technical instruments company’s stock, valued at approximately $203,000.
Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of MKS Instruments by 56.3% in the first quarter. Fifth Third Bancorp now owns 236 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 85 shares in the last quarter. CWM LLC boosted its position in MKS Instruments by 869.2% during the 1st quarter. CWM LLC now owns 252 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 226 shares during the period. Prospera Financial Services Inc acquired a new stake in MKS Instruments in the 1st quarter valued at $60,000. Covestor Ltd increased its holdings in MKS Instruments by 19.1% in the 1st quarter. Covestor Ltd now owns 692 shares of the scientific and technical instruments company’s stock valued at $104,000 after purchasing an additional 111 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in MKS Instruments by 60.6% in the first quarter. Quadrant Capital Group LLC now owns 750 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on MKSI. TheStreet lowered MKS Instruments from a “b-” rating to a “c+” rating in a research note on Tuesday, July 12th. Needham & Company LLC increased their price objective on shares of MKS Instruments from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Wells Fargo & Company reduced their target price on shares of MKS Instruments from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 1st. StockNews.com downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd. Finally, Stifel Nicolaus dropped their price target on shares of MKS Instruments from $242.00 to $230.00 in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.63.
Insider Transactions at MKS Instruments
MKS Instruments Stock Down 1.2 %
Shares of NASDAQ:MKSI opened at $87.35 on Thursday. MKS Instruments, Inc. has a 12-month low of $87.29 and a 12-month high of $181.03. The company has a current ratio of 5.14, a quick ratio of 3.63 and a debt-to-equity ratio of 0.26. The firm has a market cap of $4.87 billion, a PE ratio of 8.77 and a beta of 1.57. The company has a fifty day simple moving average of $106.17 and a 200 day simple moving average of $116.41.
MKS Instruments (NASDAQ:MKSI – Get Rating) last released its earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.28. MKS Instruments had a net margin of 18.44% and a return on equity of 21.04%. The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $733.55 million. During the same quarter in the previous year, the firm earned $3.02 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that MKS Instruments, Inc. will post 10.74 EPS for the current fiscal year.
MKS Instruments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 8th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, August 5th. MKS Instruments’s dividend payout ratio is presently 8.84%.
MKS Instruments Profile
MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products.
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