ING Groep NV increased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 150.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,786 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,480 shares during the quarter. ING Groep NV’s holdings in MKS Instruments were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Cerebellum GP LLC boosted its position in MKS Instruments by 239.6% during the second quarter. Cerebellum GP LLC now owns 1,854 shares of the scientific and technical instruments company’s stock worth $177,000 after purchasing an additional 1,308 shares in the last quarter. Optimum Investment Advisors purchased a new position in MKS Instruments during the first quarter worth approximately $202,000. Visionary Asset Management Inc. purchased a new position in MKS Instruments during the second quarter worth approximately $209,000. CIBC Asset Management Inc purchased a new position in MKS Instruments during the first quarter worth approximately $223,000. Finally, Creative Planning boosted its position 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 worth $232,000 after purchasing an additional 625 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. ValuEngine downgraded MKS Instruments from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Citigroup lowered their price target on MKS Instruments from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. KeyCorp reiterated a “buy” rating and set a $135.00 price target on shares of MKS Instruments in a research report on Thursday, July 26th. Benchmark reiterated a “buy” rating and set a $125.00 price target on shares of MKS Instruments in a research report on Thursday, July 26th. Finally, Cowen lowered their price target on MKS Instruments from $135.00 to $124.00 and set a “hold” rating on the stock in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $129.88.
In other news, Director Elizabeth Mora sold 375 shares of the firm’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 value of $34,687.50. Following the transaction, the director now owns 15,787 shares in the company, valued at $1,460,297.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jacqueline F. Moloney sold 750 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $100.20, for a total value of $75,150.00. Following the completion of the transaction, the director now owns 6,570 shares in the company, valued at approximately $658,314. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,365 shares of company stock worth $226,881. Company insiders own 1.67% of the company’s stock.
NASDAQ MKSI opened at $92.60 on Thursday. The company has a market capitalization of $5.09 billion, a PE ratio of 12.11, a PEG ratio of 0.97 and a beta of 0.86. MKS Instruments, Inc. has a 1-year low of $81.95 and a 1-year high of $128.28. The company has a current ratio of 5.03, a quick ratio of 3.66 and a debt-to-equity ratio of 0.19.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.11. The business had revenue of $573.14 million for the quarter, compared to the consensus estimate of $567.99 million. MKS Instruments had a return on equity of 25.69% and a net margin of 17.95%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 earnings per share. research analysts predict that MKS Instruments, Inc. will post 8.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Monday, August 27th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 24th. This represents a $0.80 annualized dividend and a dividend yield of 0.86%. MKS Instruments’s dividend payout ratio (DPR) is presently 13.42%.
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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