Janney Montgomery Scott LLC Has $1.02 Million Stake in MKS Instruments, Inc. (MKSI)

Janney Montgomery Scott LLC trimmed its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 39.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,745 shares of the scientific and technical instruments company’s stock after selling 8,220 shares during the period. Janney Montgomery Scott LLC’s holdings in MKS Instruments were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Investment Counselors of Maryland LLC bought a new position in MKS Instruments in the third quarter valued at approximately $238,000. New Amsterdam Partners LLC NY increased its stake in MKS Instruments by 11.0% in the third 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 acquiring an additional 5,844 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in MKS Instruments by 10.8% in the third 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 acquiring an additional 9,996 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in MKS Instruments by 54.4% in the third 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 acquiring an additional 9,200 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in MKS Instruments by 26.2% in the third 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 acquiring an additional 53,016 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

NASDAQ MKSI opened at $72.94 on Monday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.78 and a beta of 0.88. MKS Instruments, Inc. has a fifty-two week low of $67.83 and a fifty-two week high of $128.28. The company has a current ratio of 5.38, a quick ratio of 3.86 and a debt-to-equity ratio of 0.19.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, November 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.10%. MKS Instruments’s payout ratio is presently 13.42%.

In related 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 sale, the director now owns 15,787 shares of the company’s stock, valued at $1,460,297.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.67% of the company’s stock.

MKSI has been the topic of a number of recent analyst reports. ValuEngine cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Citigroup decreased their price objective on shares of MKS Instruments from $118.00 to $101.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. KeyCorp decreased their price objective on shares of MKS Instruments from $135.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday, October 25th. BidaskClub raised shares of MKS Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. MKS Instruments presently has an average rating of “Buy” and a consensus price target of $118.00.

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

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