Edgestream Partners L.P. Takes Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Edgestream Partners L.P. bought a new position in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 26,415 shares of the scientific and technical instruments company's stock, valued at approximately $2,872,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Shellback Capital LP bought a new stake in MKS Instruments in the 2nd quarter worth $34,541,000. Millennium Management LLC raised its stake in MKS Instruments by 219.5% in the second quarter. Millennium Management LLC now owns 348,024 shares of the scientific and technical instruments company's stock worth $45,445,000 after buying an additional 239,099 shares in the last quarter. Artemis Investment Management LLP bought a new position in MKS Instruments in the third quarter worth about $21,690,000. Mizuho Markets Americas LLC bought a new stake in MKS Instruments during the 2nd quarter valued at approximately $23,171,000. Finally, Natixis Advisors LLC grew its stake in MKS Instruments by 239.2% in the second quarter. Natixis Advisors LLC now owns 247,695 shares of the scientific and technical instruments company's stock worth $32,344,000 after purchasing an additional 174,675 shares during the period. Institutional investors own 99.79% of the company's stock.

Analyst Ratings Changes

MKSI has been the topic of several research reports. Citigroup lowered shares of MKS Instruments from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $145.00 to $120.00 in a research note on Monday, September 16th. Cantor Fitzgerald assumed coverage on shares of MKS Instruments in a report on Tuesday, September 10th. They issued an "overweight" rating and a $140.00 target price for the company. Needham & Company LLC boosted their price objective on shares of MKS Instruments from $153.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Benchmark restated a "buy" rating and issued a $142.00 price target on shares of MKS Instruments in a research note on Monday, November 18th. Finally, The Goldman Sachs Group assumed coverage on MKS Instruments in a research report on Tuesday, September 3rd. They issued a "neutral" rating and a $129.00 target price for the company. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $141.09.

MKS Instruments Stock Performance

Shares of MKSI traded up $4.29 on Monday, reaching $117.93. The company's stock had a trading volume of 874,194 shares, compared to its average volume of 825,566. MKS Instruments, Inc. has a 12-month low of $80.84 and a 12-month high of $147.40. The stock has a market capitalization of $7.94 billion, a P/E ratio of 252.53, a PEG ratio of 0.68 and a beta of 1.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 3.42 and a quick ratio of 2.21. The stock's 50 day simple moving average is $107.38 and its two-hundred day simple moving average is $117.98.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.45 by $0.27. The firm had revenue of $896.00 million for the quarter, compared to the consensus estimate of $874.29 million. MKS Instruments had a return on equity of 15.79% and a net margin of 0.90%. The business's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 earnings per share. Research analysts forecast that MKS Instruments, Inc. will post 6.22 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a $0.22 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a yield of 0.75%. MKS Instruments's dividend payout ratio is presently 195.56%.

Insider Buying and Selling at MKS Instruments

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of MKS Instruments stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total value of $27,225.00. Following the sale, the director now owns 10,283 shares of the company's stock, valued at $1,119,818.70. The trade was a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Elizabeth Mora sold 275 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total value of $31,891.75. Following the sale, the director now directly owns 17,934 shares in the company, valued at $2,079,805.98. This trade represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.46% of the company's stock.

MKS Instruments Company Profile

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.