Systematic Financial Management LP Has $22.93 Million Stock Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Systematic Financial Management LP grew its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 219,678 shares of the scientific and technical instruments company's stock after purchasing an additional 20,845 shares during the quarter. Systematic Financial Management LP owned 0.33% of MKS Instruments worth $22,932,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MKSI. Steward Partners Investment Advisory LLC raised its position in MKS Instruments by 68.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 263 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 107 shares in the last quarter. TD Private Client Wealth LLC bought a new position in shares of MKS Instruments during the 4th quarter valued at about $39,000. Blue Trust Inc. grew its stake in shares of MKS Instruments by 424.1% in the 4th quarter. Blue Trust Inc. now owns 414 shares of the scientific and technical instruments company's stock worth $45,000 after purchasing an additional 335 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of MKS Instruments by 24,900.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 500 shares of the scientific and technical instruments company's stock worth $52,000 after purchasing an additional 498 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of MKS Instruments by 63.9% in the 4th quarter. UMB Bank n.a. now owns 572 shares of the scientific and technical instruments company's stock worth $60,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 99.79% of the company's stock.

Insider Buying and Selling at MKS Instruments

In other news, Director Elizabeth Mora sold 275 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was 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 directly owns 17,384 shares of the company's stock, valued at $1,607,324.64. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

MKSI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of MKS Instruments from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a report on Tuesday. The Goldman Sachs Group raised their price objective on MKS Instruments from $128.00 to $129.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Benchmark decreased their target price on MKS Instruments from $142.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Needham & Company LLC cut their target price on MKS Instruments from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Morgan Stanley increased their price target on MKS Instruments from $85.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Two equities research 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 stock. Based on data from MarketBeat, MKS Instruments currently has an average rating of "Moderate Buy" and a consensus target price of $134.33.

MKS Instruments Stock Up 1.2%

NASDAQ:MKSI traded up $1.10 on Tuesday, hitting $89.56. 714,343 shares of the company's stock traded hands, compared to its average volume of 1,054,459. The firm has a 50-day moving average price of $76.76 and a 200-day moving average price of $96.66. 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 PE ratio of 31.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.80. MKS Instruments, Inc. has a 1 year low of $54.84 and a 1 year high of $147.40.

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 for the quarter, beating the consensus estimate of $1.42 by $0.29. The firm 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 company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 EPS. Equities analysts anticipate that MKS Instruments, Inc. will post 6.94 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

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 given a dividend of $0.22 per share. The ex-dividend date is Tuesday, May 27th. This represents a $0.88 dividend on an annualized basis and a yield of 0.98%. MKS Instruments's payout ratio is 26.27%.

About MKS Instruments

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.