Monashee Investment Management LLC Makes New Investment in MKS Instruments, Inc. (NASDAQ:MKSI)

Monashee Investment Management LLC bought a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 40,000 shares of the scientific and technical instruments company’s stock, valued at approximately $4,324,000. MKS Instruments makes up approximately 1.0% of Monashee Investment Management LLC’s investment portfolio, making the stock its 18th largest holding. Monashee Investment Management LLC owned about 0.06% of MKS Instruments as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of MKS Instruments by 16.4% in the third quarter. Vanguard Group Inc. now owns 6,129,843 shares of the scientific and technical instruments company’s stock valued at $506,570,000 after acquiring an additional 864,178 shares during the last quarter. Wellington Management Group LLP boosted its stake in MKS Instruments by 5.5% in the first quarter. Wellington Management Group LLP now owns 4,642,162 shares of the scientific and technical instruments company’s stock worth $696,324,000 after purchasing an additional 241,134 shares in the last quarter. Victory Capital Management Inc. lifted its position in MKS Instruments by 7.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,076,471 shares of the scientific and technical instruments company’s stock worth $440,667,000 after buying an additional 299,703 shares in the last quarter. FMR LLC grew its holdings in MKS Instruments by 77.0% during the 1st quarter. FMR LLC now owns 2,766,284 shares of the scientific and technical instruments company’s stock worth $245,148,000 after acquiring an additional 1,203,696 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in MKS Instruments by 25.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,881,747 shares of the scientific and technical instruments company’s stock valued at $166,762,000 after acquiring an additional 383,717 shares in the last quarter. 99.25% of the stock is owned by institutional investors.

Insider Activity at MKS Instruments

In other MKS Instruments news, CFO Seth H. Bagshaw sold 25,000 shares of MKS Instruments stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $97.30, for a total value of $2,432,500.00. Following the transaction, the chief financial officer now owns 20,547 shares of the company’s stock, valued at $1,999,223.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other MKS Instruments news, CFO Seth H. Bagshaw sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $97.30, for a total transaction of $2,432,500.00. Following the completion of the transaction, the chief financial officer now owns 20,547 shares of the company’s stock, valued at approximately $1,999,223.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Philip Henry bought 2,500 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average cost of $68.34 per share, for a total transaction of $170,850.00. Following the transaction, the executive vice president now owns 11,073 shares of the company’s stock, valued at approximately $756,728.82. The disclosure for this purchase can be found here. In the last three months, insiders sold 35,500 shares of company stock worth $3,478,200. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MKSI has been the topic of a number of research reports. StockNews.com began coverage on shares of MKS Instruments in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Needham & Company LLC decreased their price objective on MKS Instruments from $113.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, TheStreet downgraded MKS Instruments from a “c-” rating to a “d+” rating in a research report on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.40.

MKS Instruments Trading Up 1.2 %

Shares of MKS Instruments stock traded up $0.94 during trading on Monday, hitting $77.50. 44,877 shares of the company were exchanged, compared to its average volume of 641,444. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.31 and a quick ratio of 2.11. The firm has a market capitalization of $5.18 billion, a P/E ratio of -2.98, a price-to-earnings-growth ratio of 2.72 and a beta of 1.63. The firm’s fifty day moving average price is $78.62 and its 200 day moving average price is $91.73. MKS Instruments, Inc. has a 1-year low of $63.44 and a 1-year high of $114.15.

MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.00 by $0.46. MKS Instruments had a negative net margin of 45.04% and a positive return on equity of 10.10%. The firm had revenue of $932.00 million during the quarter, compared to the consensus estimate of $931.50 million. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts expect that MKS Instruments, Inc. will post 4.14 earnings per share for the current fiscal year.

MKS Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.88 annualized dividend and a dividend yield of 1.14%. MKS Instruments’s dividend payout ratio (DPR) is currently -3.42%.

MKS Instruments Company Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, and internationally. It operates through Vacuum Solutions Division, Photonics Solutions Division, and Material Solutions Division.