Synovus Financial Corp Purchases New Holdings in MKS Instruments, Inc. (MKSI)

Synovus Financial Corp purchased a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,819 shares of the scientific and technical instruments company’s stock, valued at approximately $548,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in MKS Instruments in the 2nd quarter valued at approximately $155,000. Visionary Asset Management Inc. acquired a new stake in MKS Instruments in the 2nd quarter valued at approximately $209,000. Creative Planning increased its holdings in MKS Instruments by 34.8% in the 2nd quarter. Creative Planning now owns 2,423 shares of the scientific and technical instruments company’s stock valued at $232,000 after purchasing an additional 625 shares during the last quarter. Virtu Financial LLC acquired a new stake in MKS Instruments in the 2nd quarter valued at approximately $240,000. Finally, Palouse Capital Management Inc. acquired a new stake in MKS Instruments in the 3rd quarter valued at approximately $245,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

Several analysts recently weighed in on MKSI shares. ValuEngine downgraded shares of MKS Instruments from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Citigroup dropped their target price on shares of MKS Instruments from $118.00 to $101.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Cowen dropped their target price on shares of MKS Instruments from $135.00 to $124.00 and set a “hold” rating for the company in a report on Thursday, July 26th. KeyCorp dropped their target price on shares of MKS Instruments from $135.00 to $112.00 and set an “overweight” rating for the company in a report on Thursday, October 25th. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 target price on shares of MKS Instruments in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. MKS Instruments currently has a consensus rating of “Buy” and an average target price of $118.00.

NASDAQ:MKSI opened at $75.12 on Friday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.82 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.38 and a quick ratio of 3.86. MKS Instruments, Inc. has a 52 week low of $67.83 and a 52 week high of $128.28.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.16. The business had revenue of $487.00 million during the quarter, compared to the consensus estimate of $492.88 million. MKS Instruments had a net margin of 18.76% and a return on equity of 25.57%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. On average, sell-side analysts anticipate that MKS Instruments, Inc. will post 7.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.80 annualized dividend and a dividend yield of 1.06%. MKS Instruments’s dividend payout ratio (DPR) is 13.42%.

In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the business’s stock in a transaction on 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 owns 15,787 shares in the company, valued at $1,460,297.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.67% of the company’s stock.

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MKS Instruments Company 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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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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