Canada Pension Plan Investment Board acquired a new stake in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,700 shares of the scientific and technical instruments company's stock, valued at approximately $2,578,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC raised its stake in shares of MKS Instruments by 108.6% during the third quarter. Barclays PLC now owns 1,019,134 shares of the scientific and technical instruments company's stock valued at $110,789,000 after acquiring an additional 530,620 shares in the last quarter. Virtu Financial LLC purchased a new position in MKS Instruments during the 3rd quarter worth $763,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of MKS Instruments in the 3rd quarter worth $50,000. Tidal Investments LLC grew its position in shares of MKS Instruments by 65.7% during the 3rd quarter. Tidal Investments LLC now owns 31,849 shares of the scientific and technical instruments company's stock worth $3,462,000 after buying an additional 12,628 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of MKS Instruments by 26.2% during the third quarter. Franklin Resources Inc. now owns 23,311 shares of the scientific and technical instruments company's stock valued at $2,626,000 after buying an additional 4,846 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.
Insider Transactions at MKS Instruments
In related news, Director Gerard G. Colella sold 8,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $104.53, for a total value of $836,240.00. Following the completion of the transaction, the director now owns 60,017 shares in the company, valued at $6,273,577.01. This trade represents a 11.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth Mora sold 275 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.46, for a total value of $25,426.50. Following the sale, the director now owns 17,384 shares in the company, valued at approximately $1,607,324.64. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.46% of the company's stock.
MKS Instruments Trading Up 4.2 %
Shares of NASDAQ:MKSI opened at $62.86 on Wednesday. The business's 50-day moving average is $81.87 and its 200 day moving average is $99.98. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.19 and a quick ratio of 2.04. MKS Instruments, Inc. has a 1 year low of $54.84 and a 1 year high of $147.40. The firm has a market capitalization of $4.24 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.02 and a beta of 1.81.
MKS Instruments (NASDAQ:MKSI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.23. MKS Instruments had a net margin of 5.30% and a return on equity of 18.94%. On average, research analysts predict that MKS Instruments, Inc. will post 6.94 earnings per share for the current fiscal year.
MKS Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.88 annualized dividend and a dividend yield of 1.40%. MKS Instruments's payout ratio is currently 31.43%.
Wall Street Analysts Forecast Growth
MKSI has been the subject of a number of research reports. Benchmark lowered their price objective on shares of MKS Instruments from $142.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $140.00 price target on shares of MKS Instruments in a research report on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on shares of MKS Instruments from $128.00 to $129.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Citigroup upgraded MKS Instruments from a "neutral" rating to a "buy" rating and set a $130.00 target price for the company in a report on Monday, January 6th. Finally, Morgan Stanley dropped their target price on MKS Instruments from $150.00 to $147.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MKS Instruments currently has an average rating of "Moderate Buy" and a consensus price target of $140.08.
Get Our Latest Stock Analysis on MKS Instruments
MKS Instruments Company Profile
(
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.
Further Reading
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