Harbor Capital Advisors Inc. purchased a new position in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 115,507 shares of the scientific and technical instruments company's stock, valued at approximately $12,058,000. Harbor Capital Advisors Inc. owned about 0.17% of MKS Instruments as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP increased its holdings in MKS Instruments by 705.3% during the 3rd quarter. Aigen Investment Management LP now owns 12,547 shares of the scientific and technical instruments company's stock valued at $1,364,000 after purchasing an additional 10,989 shares during the period. First Eagle Investment Management LLC increased its stake in shares of MKS Instruments by 7.6% during the second quarter. First Eagle Investment Management LLC now owns 141,187 shares of the scientific and technical instruments company's stock valued at $18,436,000 after buying an additional 10,000 shares during the period. Point72 Asset Management L.P. bought a new position in shares of MKS Instruments during the second quarter valued at approximately $1,599,000. Citigroup Inc. lifted its stake in MKS Instruments by 7.3% in the third quarter. Citigroup Inc. now owns 444,333 shares of the scientific and technical instruments company's stock worth $48,303,000 after acquiring an additional 30,216 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in MKS Instruments by 3,928.7% in the second quarter. Hsbc Holdings PLC now owns 76,828 shares of the scientific and technical instruments company's stock valued at $10,110,000 after acquiring an additional 74,921 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on MKSI. Citigroup upgraded shares of MKS Instruments from a "neutral" rating to a "buy" rating and set a $130.00 price objective for the company in a report on Monday. The Goldman Sachs Group lowered their price objective on shares of MKS Instruments from $143.00 to $128.00 and set a "neutral" rating for the company in a report on Friday. Benchmark reiterated a "buy" rating and set a $142.00 target price on shares of MKS Instruments in a report on Monday, November 18th. Wells Fargo & Company lowered their target price on MKS Instruments from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, October 3rd. Finally, Mizuho upgraded MKS Instruments to a "strong-buy" rating in a research report on Monday, October 7th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $141.75.
View Our Latest Report on MKSI
MKS Instruments Stock Down 1.9 %
Shares of MKSI traded down $2.09 on Friday, hitting $109.07. 682,589 shares of the stock traded hands, compared to its average volume of 785,732. MKS Instruments, Inc. has a one year low of $97.54 and a one year high of $147.40. The company has a market capitalization of $7.34 billion, a PE ratio of 242.38, a P/E/G ratio of 0.66 and a beta of 1.66. The business has a 50 day simple moving average of $110.02 and a 200 day simple moving average of $113.91. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.21 and a current ratio of 3.42.
MKS Instruments (NASDAQ:MKSI - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.27. MKS Instruments had a return on equity of 15.79% and a net margin of 0.90%. The firm had revenue of $896.00 million during the quarter, compared to analysts' expectations of $874.29 million. During the same quarter in the previous year, the business earned $1.46 earnings per share. The company's revenue was down 3.9% on a year-over-year basis. As a group, equities analysts forecast that MKS Instruments, Inc. will post 6.33 earnings per share for the current fiscal year.
MKS Instruments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, November 25th. MKS Instruments's payout ratio is 195.56%.
Insider Transactions at MKS Instruments
In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.41, for a total value of $31,187.75. Following the sale, the director now directly owns 17,659 shares in the company, valued at approximately $2,002,707.19. The trade was a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jacqueline F. Moloney sold 300 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $114.80, for a total transaction of $34,440.00. Following the completion of the transaction, the director now directly owns 9,983 shares of the company's stock, valued at approximately $1,146,048.40. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.
About MKS Instruments
(
Free Report)
MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.
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