Point72 Hong Kong Ltd Acquires 11,285 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Point72 Hong Kong Ltd boosted its stake in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 10.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,689 shares of the scientific and technical instruments company's stock after buying an additional 11,285 shares during the period. MKS Instruments accounts for 0.8% of Point72 Hong Kong Ltd's portfolio, making the stock its 29th biggest holding. Point72 Hong Kong Ltd owned about 0.18% of MKS Instruments worth $12,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKSI. Steward Partners Investment Advisory LLC boosted its position in shares of MKS Instruments by 68.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 263 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 107 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in MKS Instruments during the fourth quarter valued at about $36,000. TD Private Client Wealth LLC purchased a new stake in MKS Instruments during the fourth quarter valued at about $39,000. Blue Trust Inc. lifted its stake in MKS Instruments by 424.1% during the fourth quarter. Blue Trust Inc. now owns 414 shares of the scientific and technical instruments company's stock valued at $45,000 after buying an additional 335 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in MKS Instruments by 24,900.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 500 shares of the scientific and technical instruments company's stock valued at $52,000 after buying an additional 498 shares in the last quarter. Institutional investors own 99.79% of the company's stock.

Insider Transactions at MKS Instruments

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.46, for a total transaction of $25,426.50. Following the sale, the director now owns 17,384 shares in the company, valued at $1,607,324.64. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gerard G. Colella sold 8,000 shares of MKS Instruments stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $104.53, for a total transaction of $836,240.00. Following the sale, the director now owns 60,017 shares in the company, valued at $6,273,577.01. This represents a 11.76% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

MKS Instruments Stock Performance

MKSI stock traded down $0.53 during midday trading on Friday, hitting $90.66. 655,747 shares of the company traded hands, compared to its average volume of 1,055,966. MKS Instruments, Inc. has a twelve month low of $54.84 and a twelve month high of $147.40. 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 business has a 50 day simple moving average of $76.45 and a 200-day simple moving average of $96.81. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.80.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.42 by $0.29. The company had revenue of $936.00 million for the quarter, compared to the consensus estimate of $913.59 million. MKS Instruments had a return on equity of 18.94% and a net margin of 5.30%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 earnings per share. As a group, equities research analysts predict that MKS Instruments, Inc. will post 6.94 earnings per share for the current year.

MKS Instruments Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.88 annualized dividend and a dividend yield of 0.97%. MKS Instruments's payout ratio is 26.27%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MKSI shares. 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 research report on Friday, May 9th. Benchmark reduced their price target on shares of MKS Instruments from $142.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $140.00 price target on shares of MKS Instruments in a research report on Thursday, February 13th. Needham & Company LLC dropped their price objective on MKS Instruments from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, The Goldman Sachs Group increased their price objective on MKS Instruments from $128.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $135.17.

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.