Roubaix Capital LLC Acquires 30,262 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Roubaix Capital LLC lifted its holdings in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 126.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,271 shares of the scientific and technical instruments company's stock after buying an additional 30,262 shares during the quarter. MKS Instruments comprises 3.9% of Roubaix Capital LLC's portfolio, making the stock its 4th biggest holding. Roubaix Capital LLC owned about 0.08% of MKS Instruments worth $5,583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mendota Financial Group LLC bought a new stake in shares of MKS Instruments during the 4th quarter valued at $27,000. GAMMA Investing LLC bought a new position in MKS Instruments during the fourth quarter worth about $35,000. Baystate Wealth Management LLC acquired a new position in shares of MKS Instruments during the 4th quarter worth about $56,000. Signaturefd LLC increased its stake in shares of MKS Instruments by 22.1% in the 3rd quarter. Signaturefd LLC now owns 928 shares of the scientific and technical instruments company's stock valued at $80,000 after acquiring an additional 168 shares during the last quarter. Finally, Avior Wealth Management LLC acquired a new stake in shares of MKS Instruments in the 4th quarter valued at approximately $138,000. Institutional investors and hedge funds own 99.79% of the company's stock.

Insider Activity

In related news, CFO Seth H. Bagshaw sold 32,865 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $123.28, for a total transaction of $4,051,597.20. Following the completion of the transaction, the chief financial officer now directly owns 1 shares of the company's stock, valued at $123.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MKS Instruments news, CFO Seth H. Bagshaw sold 32,865 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $123.28, for a total transaction of $4,051,597.20. Following the sale, the chief financial officer now directly owns 1 shares of the company's stock, valued at $123.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jacqueline F. Moloney sold 250 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.89, for a total transaction of $30,722.50. Following the completion of the sale, the director now owns 9,161 shares of the company's stock, valued at $1,125,795.29. The disclosure for this sale can be found here. Insiders sold 40,776 shares of company stock worth $5,026,307 in the last quarter. Corporate insiders own 0.46% of the company's stock.

MKS Instruments Stock Up 2.3 %

Shares of MKS Instruments stock traded up $2.88 during trading on Friday, reaching $130.50. The stock had a trading volume of 640,679 shares, compared to its average volume of 627,809. The company has a current ratio of 3.69, a quick ratio of 2.01 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of -4.89, a P/E/G ratio of 4.29 and a beta of 1.69. MKS Instruments, Inc. has a 52 week low of $63.44 and a 52 week high of $135.51. The stock has a fifty day moving average price of $123.91 and a two-hundred day moving average price of $106.10.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.43. The firm had revenue of $868.00 million during the quarter, compared to the consensus estimate of $848.94 million. MKS Instruments had a positive return on equity of 13.90% and a negative net margin of 48.24%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. Sell-side analysts predict that MKS Instruments, Inc. will post 4.54 EPS for the current fiscal year.

MKS Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, May 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.67%. MKS Instruments's dividend payout ratio is -3.30%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. KeyCorp upped their target price on shares of MKS Instruments from $115.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Wells Fargo & Company raised their price objective on MKS Instruments from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 2nd. Benchmark reissued a "buy" rating and issued a $142.00 target price on shares of MKS Instruments in a research note on Friday. TheStreet raised MKS Instruments from a "d+" rating to a "c-" rating in a research report on Tuesday, January 23rd. Finally, Needham & Company LLC increased their target price on MKS Instruments from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, MKS Instruments presently has an average rating of "Moderate Buy" and a consensus price target of $136.75.

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.

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