Regal Investment Advisors LLC boosted its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 19.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,984 shares of the scientific and technical instruments company’s stock after buying an additional 3,120 shares during the quarter. Regal Investment Advisors LLC’s holdings in MKS Instruments were worth $1,522,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of MKSI. Investment Counselors of Maryland LLC acquired a new stake in MKS Instruments in the 3rd quarter valued at $238,000. New Amsterdam Partners LLC NY increased its holdings in MKS Instruments by 11.0% in the 3rd quarter. New Amsterdam Partners LLC NY now owns 58,781 shares of the scientific and technical instruments company’s stock valued at $4,711,000 after purchasing an additional 5,844 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in MKS Instruments by 10.8% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 102,470 shares of the scientific and technical instruments company’s stock valued at $8,213,000 after purchasing an additional 9,996 shares in the last quarter. Virginia Retirement Systems ET AL increased its holdings in MKS Instruments by 54.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 26,100 shares of the scientific and technical instruments company’s stock valued at $2,092,000 after purchasing an additional 9,200 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in MKS Instruments by 26.2% in the 3rd quarter. American Century Companies Inc. now owns 255,723 shares of the scientific and technical instruments company’s stock valued at $20,496,000 after purchasing an additional 53,016 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:MKSI opened at $75.12 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.38 and a quick ratio of 3.86. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.82 and a beta of 0.88. MKS Instruments, Inc. has a 1-year low of $67.83 and a 1-year high of $128.28.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.06%. MKS Instruments’s payout ratio is currently 13.42%.
In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $92.50, for a total value of $34,687.50. Following the completion of the transaction, the director now directly owns 15,787 shares of the company’s stock, valued at approximately $1,460,297.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.67% of the company’s stock.
MKSI has been the subject of several recent research reports. Citigroup lowered their price target on MKS Instruments from $130.00 to $122.00 and set a “buy” rating for the company in a report on Friday, July 13th. BidaskClub downgraded MKS Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine downgraded MKS Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Cowen lowered their price target on MKS Instruments from $135.00 to $124.00 and set a “hold” rating for the company in a report on Thursday, July 26th. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 price target on shares of MKS Instruments in a report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $118.00.
MKS Instruments Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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