New York Life Investment Management LLC Raises Holdings in MKS Instruments, Inc. (NASDAQ:MKSI)

New York Life Investment Management LLC increased its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 3.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,637 shares of the scientific and technical instruments company’s stock after acquiring an additional 251 shares during the quarter. New York Life Investment Management LLC’s holdings in MKS Instruments were worth $683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of MKS Instruments in the third quarter worth about $131,000. Xponance Inc. grew its stake in MKS Instruments by 5.3% in the 3rd quarter. Xponance Inc. now owns 7,673 shares of the scientific and technical instruments company’s stock valued at $664,000 after buying an additional 389 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in MKS Instruments by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,215,195 shares of the scientific and technical instruments company’s stock valued at $105,163,000 after acquiring an additional 44,775 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MKS Instruments by 11.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,333 shares of the scientific and technical instruments company’s stock worth $981,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of MKS Instruments by 31.9% in the third quarter. Strs Ohio now owns 95,414 shares of the scientific and technical instruments company’s stock worth $8,257,000 after acquiring an additional 23,082 shares during the period. 99.79% of the stock is currently owned by institutional investors.

MKS Instruments Stock Up 0.0 %

MKSI opened at $123.38 on Thursday. MKS Instruments, Inc. has a 12 month low of $63.44 and a 12 month high of $135.51. The company has a current ratio of 3.18, a quick ratio of 2.01 and a debt-to-equity ratio of 1.90. The business’s 50-day moving average price is $123.74 and its 200-day moving average price is $105.06. The company has a market cap of $8.27 billion, a P/E ratio of -4.48, a P/E/G ratio of 4.01 and a beta of 1.69.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly 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 business had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $845.25 million. During the same period in the previous year, the firm earned $2.00 EPS. The business’s quarterly revenue was down 17.7% on a year-over-year basis. On average, equities analysts expect that MKS Instruments, Inc. will post 4.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MKSI. TheStreet raised MKS Instruments from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Benchmark upped their target price on shares of MKS Instruments from $85.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Needham & Company LLC increased their target price on shares of MKS Instruments from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. StockNews.com upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, KeyCorp lifted their price objective on MKS Instruments from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.75.

Insider Buying and Selling

In other MKS Instruments news, Director Gerard G. Colella sold 10,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now owns 68,017 shares of the company’s stock, valued at approximately $8,162,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Seth H. Bagshaw sold 32,865 shares of MKS Instruments stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $123.28, for a total value of $4,051,597.20. Following the sale, the chief financial officer now directly owns 1 shares in the company, valued at approximately $123.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gerard G. Colella sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.00, for a total value of $1,200,000.00. Following the transaction, the director now owns 68,017 shares of the company’s stock, valued at approximately $8,162,040. The disclosure for this sale can be found here. Insiders have sold a total of 50,776 shares of company stock valued at $6,226,307 over the last three months. 0.51% of the stock is owned by company insiders.

MKS Instruments Profile

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