Point72 Asset Management L.P. Has $33.57 Million Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Point72 Asset Management L.P. lifted its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 86.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 321,542 shares of the scientific and technical instruments company's stock after purchasing an additional 149,160 shares during the period. Point72 Asset Management L.P. owned 0.48% of MKS Instruments worth $33,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MKSI. Madison Investment Advisors LLC bought a new position in shares of MKS Instruments during the fourth quarter worth approximately $97,494,000. Norges Bank acquired a new stake in MKS Instruments during the fourth quarter worth approximately $85,451,000. Barclays PLC grew 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 worth $110,789,000 after buying an additional 530,620 shares in the last quarter. Assenagon Asset Management S.A. grew its position in MKS Instruments by 3,444.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 300,711 shares of the scientific and technical instruments company's stock worth $31,391,000 after buying an additional 292,226 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in MKS Instruments during the fourth quarter worth approximately $28,312,000. Institutional investors own 99.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MKSI. Deutsche Bank Aktiengesellschaft raised MKS Instruments from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Tuesday. Needham & Company LLC dropped their price target 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. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $140.00 price target on shares of MKS Instruments in a research note on Thursday, February 13th. Benchmark dropped their price target on MKS Instruments from $142.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, February 14th. 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 note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MKS Instruments presently has a consensus rating of "Moderate Buy" and an average price target of $134.33.

Insider Activity

In other news, Director Elizabeth Mora sold 275 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 17,384 shares of the company's stock, valued at $1,607,324.64. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by insiders.

MKS Instruments Price Performance

Shares of NASDAQ MKSI traded up $0.75 during mid-day trading on Thursday, hitting $85.91. 187,838 shares of the stock traded hands, compared to its average volume of 1,053,019. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.19 and a quick ratio of 2.04. MKS Instruments, Inc. has a twelve month low of $54.84 and a twelve month high of $147.40. The company has a market cap of $5.79 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 1.02 and a beta of 1.80. The firm has a 50 day simple moving average of $76.74 and a two-hundred day simple moving average of $96.58.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $913.59 million. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The firm's revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that MKS Instruments, Inc. will post 6.94 EPS for the current fiscal year.

MKS Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, May 27th. MKS Instruments's dividend payout ratio is currently 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.