MKS Instruments, Inc. (NASDAQ:MKSI) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 196.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,734 shares of the scientific and technical instruments company's stock after purchasing an additional 13,739 shares during the period. Quantinno Capital Management LP's holdings in MKS Instruments were worth $2,164,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Madison Investment Advisors LLC bought a new position in MKS Instruments during the 4th quarter valued at about $97,494,000. Norges Bank purchased a new position in shares of MKS Instruments during the fourth quarter valued at approximately $85,451,000. Barclays PLC lifted its position in MKS Instruments by 108.6% during the third quarter. Barclays PLC now owns 1,019,134 shares of the scientific and technical instruments company's stock valued at $110,789,000 after purchasing an additional 530,620 shares during the period. Raymond James Financial Inc. purchased a new stake in MKS Instruments in the fourth quarter worth approximately $28,312,000. Finally, D. E. Shaw & Co. Inc. grew its position in MKS Instruments by 158.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 367,437 shares of the scientific and technical instruments company's stock worth $38,357,000 after purchasing an additional 225,285 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MKSI. 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 note on Tuesday, May 20th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $140.00 price objective on shares of MKS Instruments in a research note on Thursday, February 13th. The Goldman Sachs Group boosted their target price on shares of MKS Instruments from $128.00 to $129.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Morgan Stanley increased their price target on shares of MKS Instruments from $93.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Needham & Company LLC dropped their price target on shares of MKS Instruments from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Two equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.92.

Insider Activity at MKS Instruments

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.46, for a total value of $25,426.50. Following the transaction, the director now directly owns 17,384 shares in the company, valued at $1,607,324.64. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

MKS Instruments Stock Down 1.3%

Shares of MKSI traded down $1.07 during mid-day trading on Monday, hitting $83.82. The company's stock had a trading volume of 767,566 shares, compared to its average volume of 1,056,483. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.02 and a beta of 1.80. 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 company's 50-day moving average is $76.58 and its 200-day moving average is $96.17. MKS Instruments, Inc. has a 52-week low of $54.84 and a 52-week high of $147.40.

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

MKS Instruments Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, May 27th. MKS Instruments's payout ratio is presently 26.27%.

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.