Mutual of America Capital Management LLC Sells 797 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Mutual of America Capital Management LLC lowered its stake in MKS Instruments, Inc. (NASDAQ:MKSIFree Report) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,777 shares of the scientific and technical instruments company’s stock after selling 797 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of MKS Instruments worth $4,481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Belpointe Asset Management LLC grew its holdings in MKS Instruments by 73.5% during the first quarter. Belpointe Asset Management LLC now owns 295 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 125 shares during the period. PCA Investment Advisory Services Inc. bought a new position in MKS Instruments during the second quarter worth about $34,000. Itau Unibanco Holding S.A. bought a new stake in shares of MKS Instruments during the second quarter worth approximately $52,000. Signaturefd LLC boosted its holdings in shares of MKS Instruments by 22.1% during the third quarter. Signaturefd LLC now owns 928 shares of the scientific and technical instruments company’s stock worth $80,000 after acquiring an additional 168 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of MKS Instruments during the third quarter worth approximately $93,000. Institutional investors and hedge funds own 99.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MKSI shares. Needham & Company LLC raised their price objective on MKS Instruments from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. KeyCorp raised their target price on MKS Instruments from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com downgraded MKS Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Benchmark raised their target price on MKS Instruments from $85.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Finally, TheStreet raised MKS Instruments from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.83.

View Our Latest Stock Analysis on MKSI

MKS Instruments Stock Performance

NASDAQ MKSI opened at $120.37 on Tuesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.99 and a quick ratio of 1.92. MKS Instruments, Inc. has a twelve month low of $63.44 and a twelve month high of $123.00. The business’s fifty day moving average is $102.08 and its 200 day moving average is $91.18.

MKS Instruments (NASDAQ:MKSIGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $845.25 million. During the same quarter last year, the business posted $2.00 EPS. MKS Instruments’s revenue for the quarter was down 17.7% on a year-over-year basis. Equities analysts predict that MKS Instruments, Inc. will post 4.96 earnings per share for the current fiscal year.

MKS Instruments Announces Dividend

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

Insider Transactions at MKS Instruments

In other news, Director Gerard G. Colella sold 10,000 shares of MKS Instruments stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the transaction, the director now directly owns 78,017 shares of the company’s stock, valued at approximately $8,581,870. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Gerard G. Colella sold 10,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the sale, the director now directly owns 78,017 shares of the company’s stock, valued at approximately $8,581,870. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth Mora sold 250 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $100.90, for a total value of $25,225.00. Following the completion of the sale, 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. In the last ninety days, insiders sold 20,500 shares of company stock valued at $2,345,783. Corporate insiders own 0.69% of the company’s stock.

MKS Instruments Profile

(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.

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

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