Gotham Asset Management LLC lessened its stake in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,786 shares of the scientific and technical instruments company's stock after selling 18,319 shares during the period. Gotham Asset Management LLC owned 0.17% of MKS Instruments worth $11,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Graham Capital Management L.P. boosted its stake in MKS Instruments by 39.0% during the 4th quarter. Graham Capital Management L.P. now owns 9,110 shares of the scientific and technical instruments company's stock worth $951,000 after purchasing an additional 2,558 shares during the period. Ellevest Inc. raised its holdings in shares of MKS Instruments by 7.3% in the fourth quarter. Ellevest Inc. now owns 8,633 shares of the scientific and technical instruments company's stock valued at $901,000 after buying an additional 585 shares during the last quarter. Ethic Inc. boosted its stake in shares of MKS Instruments by 68.6% during the fourth quarter. Ethic Inc. now owns 16,667 shares of the scientific and technical instruments company's stock worth $1,740,000 after buying an additional 6,779 shares during the period. Expect Equity LLC purchased a new position in shares of MKS Instruments during the fourth quarter worth about $3,422,000. Finally, Frontier Capital Management Co. LLC increased its position in MKS Instruments by 1.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 363,428 shares of the scientific and technical instruments company's stock valued at $37,938,000 after acquiring an additional 5,606 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.
Insider Activity at MKS Instruments
In related news, Director Elizabeth Mora sold 275 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.46, for a total transaction of $25,426.50. Following the completion of the sale, the director now owns 17,384 shares in the company, valued at $1,607,324.64. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gerard G. Colella sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $104.53, for a total value of $836,240.00. Following the completion of the transaction, the director now directly owns 60,017 shares in the company, valued at $6,273,577.01. The trade was a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.
MKS Instruments Price Performance
Shares of NASDAQ:MKSI traded down $2.75 on Thursday, reaching $91.19. 1,132,476 shares of the company traded hands, compared to its average volume of 1,059,573. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.19 and a quick ratio of 2.04. The stock has a market capitalization of $6.15 billion, a PE ratio of 32.57, a P/E/G ratio of 1.02 and a beta of 1.80. The company's 50 day moving average is $75.97 and its 200-day moving average is $97.03. MKS Instruments, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $147.40.
MKS Instruments (NASDAQ:MKSI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.29. The business had revenue of $936.00 million for 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%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. As a group, analysts anticipate that MKS Instruments, Inc. will post 6.94 earnings per share 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. Investors of record on Tuesday, May 27th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, May 27th. MKS Instruments's dividend payout ratio is currently 26.27%.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of MKS Instruments from $85.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. 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 report on Friday, May 9th. The Goldman Sachs Group boosted their target price on shares of MKS Instruments from $128.00 to $129.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Benchmark reduced their price objective on shares of 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, Cantor Fitzgerald restated an "overweight" rating and set a $140.00 target price on shares of MKS Instruments in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $135.17.
View Our Latest Report on MKSI
About MKS Instruments
(
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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