Man Group plc Has $3.28 Million Stock Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Man Group plc boosted its holdings in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 274.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,432 shares of the scientific and technical instruments company's stock after acquiring an additional 23,035 shares during the quarter. Man Group plc's holdings in MKS Instruments were worth $3,281,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in MKS Instruments by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 7,445,956 shares of the scientific and technical instruments company's stock valued at $777,283,000 after acquiring an additional 97,392 shares during the period. Victory Capital Management Inc. increased its position in MKS Instruments by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,088,283 shares of the scientific and technical instruments company's stock valued at $322,386,000 after acquiring an additional 35,256 shares during the period. Wellington Management Group LLP increased its position in MKS Instruments by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 2,291,478 shares of the scientific and technical instruments company's stock valued at $239,207,000 after acquiring an additional 6,715 shares during the period. Invesco Ltd. increased its position in MKS Instruments by 0.3% in the 4th quarter. Invesco Ltd. now owns 2,231,467 shares of the scientific and technical instruments company's stock valued at $232,943,000 after acquiring an additional 6,964 shares during the period. Finally, Barclays PLC increased its position in MKS Instruments by 108.6% in the 3rd quarter. Barclays PLC now owns 1,019,134 shares of the scientific and technical instruments company's stock valued at $110,789,000 after acquiring an additional 530,620 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MKSI has been the topic of several research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $140.00 price target on shares of MKS Instruments in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft upgraded MKS Instruments from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Tuesday, May 20th. Benchmark lowered their price target on MKS Instruments from $142.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Needham & Company LLC lowered their price target on MKS Instruments from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group lifted their price target on MKS Instruments from $128.00 to $129.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $134.92.

MKS Instruments Price Performance

Shares of NASDAQ MKSI traded up $3.63 during mid-day trading on Tuesday, reaching $87.45. The company had a trading volume of 1,141,278 shares, compared to its average volume of 1,056,822. The company has a current ratio of 3.19, a quick ratio of 2.04 and a debt-to-equity ratio of 1.93. The stock has a market cap of $5.90 billion, a PE ratio of 31.23, a P/E/G ratio of 1.02 and a beta of 1.80. The company has a 50-day moving average price of $76.36 and a two-hundred day moving average price of $95.89. MKS Instruments, Inc. has a 1-year low of $54.84 and a 1-year high of $147.40.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.29. The business had revenue of $936.00 million for the quarter, compared to analysts' expectations of $913.59 million. MKS Instruments had a return on equity of 18.94% and a net margin of 5.30%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 EPS. On average, equities analysts anticipate that MKS Instruments, Inc. will post 6.94 earnings per share for the current year.

MKS Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 27th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, May 27th. MKS Instruments's payout ratio is 26.27%.

Insider Buying and Selling

In other news, Director Elizabeth Mora sold 275 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.46, for a total value of $25,426.50. Following the completion of the sale, the director now owns 17,384 shares of the company's stock, valued at $1,607,324.64. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.57% of the company's stock.

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, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.