Systematic Financial Management LP increased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 218,808 shares of the company’s stock after buying an additional 11,867 shares during the period. Systematic Financial Management LP’s holdings in MKS Instruments were worth $12,997,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in shares of MKS Instruments by 213.5% in the third quarter. Advisor Group Inc. now owns 2,737 shares of the company’s stock valued at $136,000 after buying an additional 1,864 shares in the last quarter. Simplex Trading LLC boosted its position in shares of MKS Instruments by 464.9% in the third quarter. Simplex Trading LLC now owns 2,830 shares of the company’s stock valued at $140,000 after buying an additional 2,329 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of MKS Instruments by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,843 shares of the company’s stock valued at $122,000 after buying an additional 219 shares in the last quarter. Robecosam AG bought a new position in shares of MKS Instruments during the third quarter valued at about $141,000. Finally, Sei Investments Co. boosted its position in shares of MKS Instruments by 138.9% in the third quarter. Sei Investments Co. now owns 3,675 shares of the company’s stock valued at $182,000 after buying an additional 2,137 shares in the last quarter.
MKS Instruments, Inc. (NASDAQ:MKSI) traded up 0.15% during midday trading on Friday, hitting $67.45. 67,346 shares of the stock were exchanged. The company has a market cap of $3.62 billion, a PE ratio of 34.77 and a beta of 1.03. The firm’s 50 day moving average price is $64.09 and its 200 day moving average price is $54.44. MKS Instruments, Inc. has a 12 month low of $31.51 and a 12 month high of $68.30.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Thursday, February 2nd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The firm earned $405 million during the quarter, compared to analyst estimates of $395 million. MKS Instruments had a net margin of 8.09% and a return on equity of 13.63%. The business’s revenue was up 135.5% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. On average, equities research analysts forecast that MKS Instruments, Inc. will post $4.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Monday, February 27th will be issued a dividend of $0.175 per share. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $0.70 dividend on an annualized basis and a yield of 1.04%. MKS Instruments’s dividend payout ratio (DPR) is presently 35.23%.
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Several brokerages recently issued reports on MKSI. Stifel Nicolaus boosted their price target on shares of MKS Instruments from $54.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 23rd. Dougherty & Co upgraded shares of MKS Instruments from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, January 24th. Finally, Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a report on Friday, October 28th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. MKS Instruments presently has a consensus rating of “Buy” and an average price target of $63.75.
In related news, Director Robert R. Anderson sold 2,500 shares of MKS Instruments stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $56.76, for a total transaction of $141,900.00. Following the completion of the sale, the director now owns 20,128 shares in the company, valued at approximately $1,142,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brian Charles Quirk sold 1,000 shares of MKS Instruments stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $66.60, for a total transaction of $66,600.00. Following the sale, the vice president now owns 9,210 shares of the company’s stock, valued at approximately $613,386. The disclosure for this sale can be found here. Insiders have sold a total of 4,002 shares of company stock valued at $238,143 in the last quarter. 1.60% of the stock is currently owned by company insiders.
MKS Instruments Company Profile
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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