Kestra Private Wealth Services LLC Takes $203,000 Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Kestra Private Wealth Services LLC bought a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSIGet 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

In other news, Director Peter Cannone III purchased 250 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were acquired at an average cost of $120.06 per share, with a total value of $30,015.00. Following the transaction, the director now owns 3,142 shares in the company, valued at approximately $377,228.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

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:MKSIGet 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

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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.

See Also

Want to see what other hedge funds are holding MKSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MKS Instruments, Inc. (NASDAQ:MKSIGet Rating).

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

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