MKS Instruments, Inc. (NASDAQ:MKSI) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its stake in MKS Instruments, Inc. (NASDAQ:MKSIFree Report) by 14.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,028,945 shares of the scientific and technical instruments company’s stock after purchasing an additional 131,898 shares during the period. William Blair Investment Management LLC owned about 1.54% of MKS Instruments worth $111,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC raised its holdings in shares of MKS Instruments by 73.5% in the 1st quarter. Belpointe Asset Management LLC now owns 295 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 125 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of MKS Instruments during the first quarter worth about $86,000. Covestor Ltd boosted its stake in shares of MKS Instruments by 19.1% in the first 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 during the period. Ossiam grew its holdings in shares of MKS Instruments by 76.4% in the first quarter. Ossiam now owns 1,445 shares of the scientific and technical instruments company’s stock valued at $128,000 after purchasing an additional 626 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in MKS Instruments during the 1st quarter worth approximately $135,000. Hedge funds and other institutional investors own 99.25% of the company’s stock.

Insider Transactions at MKS Instruments

In other MKS Instruments news, EVP David Philip Henry purchased 2,500 shares of MKS Instruments stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $68.34 per share, for a total transaction of $170,850.00. Following the transaction, the executive vice president now directly owns 11,073 shares in the company, valued at $756,728.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other 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 sale, the chief financial officer now owns 20,547 shares in the company, valued at $1,999,223.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Philip Henry acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $68.34 per share, for a total transaction of $170,850.00. Following the completion of the transaction, the executive vice president now owns 11,073 shares in the company, valued at $756,728.82. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 35,500 shares of company stock worth $3,478,200. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MKSI. TheStreet cut shares of MKS Instruments from a “c-” rating to a “d+” rating in a research report on Tuesday, October 3rd. Needham & Company LLC lowered their target price on MKS Instruments from $113.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Finally, StockNews.com initiated coverage on MKS Instruments in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.40.

View Our Latest Stock Report on MKS Instruments

MKS Instruments Price Performance

MKSI stock opened at $77.01 on Tuesday. The business has a 50 day moving average price of $78.33 and a 200 day moving average price of $91.68. The company has a quick ratio of 2.11, a current ratio of 3.31 and a debt-to-equity ratio of 1.93. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of -2.99, a PEG ratio of 2.72 and a beta of 1.63. MKS Instruments, Inc. has a fifty-two week low of $63.44 and a fifty-two week high of $114.15.

MKS Instruments (NASDAQ:MKSIGet Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.46. The company had revenue of $932.00 million for the quarter, compared to analyst estimates of $931.50 million. MKS Instruments had a positive return on equity of 10.10% and a negative net margin of 45.04%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.74 earnings per share. Equities research analysts anticipate that MKS Instruments, Inc. will post 4.14 earnings per share for the current fiscal year.

MKS Instruments Announces Dividend

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

About MKS Instruments

(Free Report)

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.

Further Reading

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

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