BlueMountain Capital Management LLC Buys 31,980 Shares of MKS Instruments, Inc. (MKSI)

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BlueMountain Capital Management LLC increased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 81.7% in the second quarter, HoldingsChannel reports. The firm owned 71,112 shares of the scientific and technical instruments company’s stock after buying an additional 31,980 shares during the quarter. BlueMountain Capital Management LLC’s holdings in MKS Instruments were worth $6,805,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Affinity Investment Advisors LLC grew its holdings in MKS Instruments by 12.6% in the 1st quarter. Affinity Investment Advisors LLC now owns 4,388 shares of the scientific and technical instruments company’s stock valued at $507,000 after buying an additional 491 shares during the period. Louisiana State Employees Retirement System grew its holdings in MKS Instruments by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the scientific and technical instruments company’s stock valued at $1,416,000 after buying an additional 500 shares during the period. Zeke Capital Advisors LLC grew its holdings in shares of MKS Instruments by 21.6% during the 1st quarter. Zeke Capital Advisors LLC now owns 2,833 shares of the scientific and technical instruments company’s stock worth $328,000 after purchasing an additional 504 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in shares of MKS Instruments by 2.8% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 18,690 shares of the scientific and technical instruments company’s stock worth $2,162,000 after purchasing an additional 510 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in shares of MKS Instruments by 14.1% during the 1st quarter. GSA Capital Partners LLP now owns 4,131 shares of the scientific and technical instruments company’s stock worth $478,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 91.23% of the company’s stock.

A number of brokerages have recently issued reports on MKSI. Benchmark began coverage on MKS Instruments in a report on Thursday, May 31st. They set a “buy” rating and a $140.00 target price for the company. Cowen began coverage on MKS Instruments in a report on Monday, May 14th. They set an “outperform” rating and a $135.00 target price for the company. Stifel Nicolaus boosted their target price on MKS Instruments from $147.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, June 18th. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. Finally, Citigroup decreased their target price on MKS Instruments from $130.00 to $122.00 and set a “buy” rating for the company in a report on Friday, July 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $129.88.

Shares of NASDAQ:MKSI opened at $92.60 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.03 and a quick ratio of 3.66. MKS Instruments, Inc. has a 1 year low of $81.95 and a 1 year high of $128.28. The stock has a market cap of $5.09 billion, a PE ratio of 15.54, a PEG ratio of 0.97 and a beta of 0.87.

MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.11. MKS Instruments had a return on equity of 25.69% and a net margin of 17.95%. The business had revenue of $573.14 million during the quarter, compared to analysts’ expectations of $567.99 million. During the same quarter in the previous year, the business earned $1.41 EPS. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. sell-side analysts forecast that MKS Instruments, Inc. will post 8.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Monday, August 27th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 13.42%.

In related news, Director Elizabeth Mora sold 375 shares of the business’s 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Hanley sold 1,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $94.39, for a total value of $117,043.60. Following the transaction, the director now directly owns 1,501 shares in the company, valued at $141,679.39. The disclosure for this sale can be found here. Insiders have sold a total of 2,365 shares of company stock worth $226,881 over the last three months. 1.67% of the stock is currently owned by corporate insiders.

About MKS Instruments

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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