Washington Capital Management Inc. acquired a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,500 shares of the scientific and technical instruments company's stock, valued at approximately $601,000.
Other hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its stake in shares of MKS Instruments by 68.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 263 shares of the scientific and technical instruments company's stock worth $27,000 after buying an additional 107 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of MKS Instruments in the 4th quarter worth approximately $36,000. TD Private Client Wealth LLC bought a new position in shares of MKS Instruments in the 4th quarter worth approximately $39,000. Blue Trust Inc. lifted its stake in shares of MKS Instruments by 424.1% in the 4th quarter. Blue Trust Inc. now owns 414 shares of the scientific and technical instruments company's stock worth $45,000 after purchasing an additional 335 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of MKS Instruments by 89.3% in the 1st quarter. Parallel Advisors LLC now owns 581 shares of the scientific and technical instruments company's stock worth $47,000 after purchasing an additional 274 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.
MKS Instruments Price Performance
MKS Instruments stock traded down $0.48 during midday trading on Wednesday, reaching $93.67. 919,444 shares of the stock traded hands, compared to its average volume of 1,054,972. The company has a quick ratio of 2.04, a current ratio of 3.19 and a debt-to-equity ratio of 1.93. The stock's fifty day moving average is $77.17 and its 200-day moving average is $94.22. The stock has a market cap of $6.32 billion, a P/E ratio of 33.45, a PEG ratio of 1.02 and a beta of 1.84. MKS Instruments, Inc. has a 12 month low of $54.84 and a 12 month high of $147.40.
MKS Instruments (NASDAQ:MKSI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.42 by $0.29. The company had revenue of $936.00 million during the quarter, compared to analyst estimates of $913.59 million. MKS Instruments had a net margin of 5.30% and a return on equity of 18.94%. MKS Instruments's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. As a group, equities research analysts anticipate that MKS Instruments, Inc. will post 6.94 EPS for the current year.
MKS Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were paid a $0.22 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. MKS Instruments's dividend payout ratio is currently 26.27%.
Wall Street Analysts Forecast Growth
MKSI has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on MKS Instruments from $128.00 to $129.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Morgan Stanley boosted their price objective on MKS Instruments from $93.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $140.00 price objective on shares of MKS Instruments in a research note on Thursday, February 13th. Needham & Company LLC cut their price objective on MKS Instruments from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of MKS Instruments from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, May 20th. 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, MKS Instruments presently has an average rating of "Moderate Buy" and an average price target of $134.92.
Check Out Our Latest Research Report on MKS Instruments
MKS Instruments Company 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, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.
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