Allspring Global Investments Holdings LLC reduced its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) by 95.5% during the third quarter, Holdings Channel reports. The firm owned 11,207 shares of the scientific and technical instruments company’s stock after selling 236,007 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MKS Instruments were worth $925,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Balentine LLC purchased a new position in shares of MKS Instruments in the 3rd quarter worth approximately $239,000. Wipfli Financial Advisors LLC purchased a new position in MKS Instruments in the third quarter worth $56,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in MKS Instruments by 15.5% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,055 shares of the scientific and technical instruments company’s stock valued at $335,000 after purchasing an additional 543 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of MKS Instruments by 4.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 73,833 shares of the scientific and technical instruments company’s stock worth $6,102,000 after purchasing an additional 3,101 shares during the period. Finally, Texas Permanent School Fund boosted its holdings in shares of MKS Instruments by 2.2% in the 3rd quarter. Texas Permanent School Fund now owns 41,128 shares of the scientific and technical instruments company’s stock worth $3,399,000 after buying an additional 899 shares during the last quarter. 86.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MKSI has been the topic of several research reports. StockNews.com lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Friday, November 4th. Benchmark lowered MKS Instruments from a “buy” rating to a “hold” rating in a report on Friday, November 4th. DA Davidson restated a “buy” rating on shares of MKS Instruments in a research note on Tuesday, January 3rd. Needham & Company LLC increased their price target on MKS Instruments from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, December 15th. Finally, Cowen boosted their price objective on MKS Instruments from $85.00 to $100.00 in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.08.
MKS Instruments Trading Up 4.2 %
MKS Instruments (NASDAQ:MKSI – Get Rating) last posted its earnings results on Wednesday, November 2nd. The scientific and technical instruments company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.36. The business had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $954.15 million. MKS Instruments had a net margin of 13.31% and a return on equity of 19.14%. On average, equities analysts expect that MKS Instruments, Inc. will post 9.19 earnings per share for the current fiscal year.
MKS Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Monday, November 28th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, November 25th. MKS Instruments’s payout ratio is 11.47%.
About MKS Instruments
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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