Gabelli Funds LLC Sells 1,500 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Gabelli Funds LLC lowered its holdings in MKS Instruments, Inc. (NASDAQ:MKSIFree Report) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,300 shares of the scientific and technical instruments company’s stock after selling 1,500 shares during the period. Gabelli Funds LLC owned approximately 0.05% of MKS Instruments worth $2,968,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. First Eagle Investment Management LLC boosted its holdings in shares of MKS Instruments by 41.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 134,735 shares of the scientific and technical instruments company’s stock worth $11,660,000 after purchasing an additional 39,255 shares in the last quarter. Swiss National Bank grew its holdings in shares of MKS Instruments by 1.1% during the 3rd quarter. Swiss National Bank now owns 132,100 shares of the scientific and technical instruments company’s stock valued at $11,432,000 after purchasing an additional 1,500 shares during the last quarter. Amalgamated Bank raised its position in MKS Instruments by 6.2% in the 3rd quarter. Amalgamated Bank now owns 40,499 shares of the scientific and technical instruments company’s stock worth $3,505,000 after purchasing an additional 2,347 shares during the period. New York Life Investment Management LLC lifted its stake in MKS Instruments by 118.8% in the third quarter. New York Life Investment Management LLC now owns 6,386 shares of the scientific and technical instruments company’s stock worth $553,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in MKS Instruments by 1.5% during the third quarter. Arizona State Retirement System now owns 17,109 shares of the scientific and technical instruments company’s stock valued at $1,481,000 after buying an additional 256 shares during the period. Institutional investors own 99.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MKSI shares. KeyCorp increased their target price on MKS Instruments from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Friday. Benchmark upped their target price on MKS Instruments from $85.00 to $130.00 and gave the company a “buy” rating in a report on Friday. TheStreet upgraded shares of MKS Instruments from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Needham & Company LLC upped their price objective on shares of MKS Instruments from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Finally, StockNews.com cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five 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 an average price target of $118.83.

Read Our Latest Research Report on MKSI

MKS Instruments Stock Performance

MKS Instruments stock opened at $119.80 on Friday. MKS Instruments, Inc. has a twelve month low of $63.44 and a twelve month high of $120.34. The company has a quick ratio of 2.11, a current ratio of 2.99 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $8.01 billion, a P/E ratio of -4.35, a PEG ratio of 3.43 and a beta of 1.65. The stock’s 50 day moving average is $101.35 and its 200 day moving average is $91.24.

MKS Instruments (NASDAQ:MKSIGet Free Report) last released its earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28. MKS Instruments had a positive return on equity of 9.95% and a negative net margin of 50.80%. The firm had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $845.25 million. During the same period in the prior year, the firm posted $2.00 earnings per share. The company’s quarterly revenue was down 17.7% on a year-over-year basis. On average, equities research analysts predict that MKS Instruments, Inc. will post 4.96 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 26th will be issued a $0.22 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.88 annualized dividend and a yield of 0.73%. MKS Instruments’s dividend payout ratio (DPR) is presently -3.19%.

Insider Transactions at MKS Instruments

In related news, Director Elizabeth Mora sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $100.90, for a total transaction of $25,225.00. Following the completion of the sale, the director now owns 17,112 shares of the company’s stock, valued at $1,726,600.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gerard G. Colella sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the sale, the director now owns 78,017 shares of the company’s stock, valued at approximately $8,581,870. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth Mora sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $100.90, for a total transaction of $25,225.00. Following the transaction, the director now directly owns 17,112 shares of the company’s stock, valued at $1,726,600.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,500 shares of company stock worth $1,145,783. Corporate insiders own 0.46% of the company’s stock.

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.

See Also

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

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