Alps Advisors Inc. increased its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 55.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,788 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,065 shares during the quarter. Alps Advisors Inc.’s holdings in MKS Instruments were worth $464,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in shares of MKS Instruments in the second quarter worth about $155,000. Visionary Asset Management Inc. acquired a new stake in MKS Instruments during the second quarter valued at approximately $209,000. Creative Planning raised its stake in MKS Instruments by 34.8% during the second quarter. Creative Planning now owns 2,423 shares of the scientific and technical instruments company’s stock valued at $232,000 after buying an additional 625 shares in the last quarter. Virtu Financial LLC acquired a new stake in MKS Instruments during the second quarter valued at approximately $240,000. Finally, Lido Advisors LLC raised its stake in MKS Instruments by 31.5% during the second quarter. Lido Advisors LLC now owns 2,751 shares of the scientific and technical instruments company’s stock valued at $263,000 after buying an additional 659 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.
Shares of NASDAQ MKSI opened at $72.69 on Friday. MKS Instruments, Inc. has a 52-week low of $67.83 and a 52-week high of $128.28. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.82 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.86 and a current ratio of 5.38.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, November 23rd. MKS Instruments’s payout ratio is 13.42%.
Several brokerages have issued reports on MKSI. Benchmark restated a “buy” rating and set a $125.00 price objective on shares of MKS Instruments in a research note on Thursday, July 26th. KeyCorp cut their price objective on MKS Instruments from $135.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday, October 25th. Cowen cut their price objective on MKS Instruments from $135.00 to $124.00 and set a “hold” rating on the stock in a research note on Thursday, July 26th. BidaskClub cut MKS Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, ValuEngine cut MKS Instruments from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. MKS Instruments presently has a consensus rating of “Buy” and an average target price of $118.00.
In other news, Director Elizabeth Mora sold 375 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $92.50, for a total transaction of $34,687.50. Following the sale, the director now directly owns 15,787 shares in the company, valued at approximately $1,460,297.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.67% of the stock is currently owned by corporate insiders.
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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