Sherbrooke Park Advisers LLC Has $527,000 Stock Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Sherbrooke Park Advisers LLC decreased its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 62.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,047 shares of the scientific and technical instruments company's stock after selling 8,324 shares during the period. Sherbrooke Park Advisers LLC's holdings in MKS Instruments were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of MKS Instruments by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 7,445,956 shares of the scientific and technical instruments company's stock valued at $777,283,000 after buying an additional 97,392 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of MKS Instruments by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,088,283 shares of the scientific and technical instruments company's stock valued at $322,386,000 after purchasing an additional 35,256 shares during the period. Wellington Management Group LLP boosted its stake in MKS Instruments by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 2,291,478 shares of the scientific and technical instruments company's stock worth $239,207,000 after purchasing an additional 6,715 shares during the period. Invesco Ltd. boosted its stake in MKS Instruments by 0.3% in the 4th quarter. Invesco Ltd. now owns 2,231,467 shares of the scientific and technical instruments company's stock worth $232,943,000 after purchasing an additional 6,964 shares during the period. Finally, Barclays PLC boosted its stake in MKS Instruments by 108.6% in the 3rd quarter. Barclays PLC now owns 1,019,134 shares of the scientific and technical instruments company's stock worth $110,789,000 after purchasing an additional 530,620 shares during the period. Institutional investors own 99.79% of the company's stock.

Insider Activity

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 value of $25,426.50. Following the completion of the sale, the director now directly owns 17,384 shares of the company's stock, valued at approximately $1,607,324.64. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.57% of the stock is currently owned by company insiders.

MKS Instruments Price Performance

MKS Instruments stock traded up $1.10 during mid-day trading on Tuesday, reaching $89.56. The company had a trading volume of 714,343 shares, compared to its average volume of 1,054,459. MKS Instruments, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $147.40. The business has a fifty day simple moving average of $76.60 and a 200 day simple moving average of $96.71. The company has a current ratio of 3.19, a quick ratio of 2.04 and a debt-to-equity ratio of 1.93. The company has a market cap of $6.04 billion, a P/E ratio of 31.99, a P/E/G ratio of 1.02 and a beta of 1.80.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last issued 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 analysts' consensus estimates of $1.42 by $0.29. MKS Instruments had a net margin of 5.30% and a return on equity of 18.94%. The business had revenue of $936.00 million during the quarter, compared to analyst estimates of $913.59 million. During the same quarter last year, the business earned $1.18 EPS. The firm's quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts predict that MKS Instruments, Inc. will post 6.94 earnings per share for the current year.

MKS Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.88 annualized dividend and a yield of 0.98%. MKS Instruments's dividend payout ratio is currently 26.27%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MKSI. The Goldman Sachs Group upped their target price on shares of MKS Instruments from $128.00 to $129.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Cantor Fitzgerald restated an "overweight" rating and set a $140.00 price objective on shares of MKS Instruments in a research note on Thursday, February 13th. Morgan Stanley increased their price objective on shares of MKS Instruments from $85.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Needham & Company LLC reduced their price objective on shares of 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 price objective for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $134.33.

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.