Geode Capital Management LLC Has $127.50 Million Stock Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Geode Capital Management LLC lifted its holdings in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,172,517 shares of the scientific and technical instruments company's stock after acquiring an additional 51,519 shares during the period. Geode Capital Management LLC owned approximately 1.74% of MKS Instruments worth $127,496,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its stake in shares of MKS Instruments by 196.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company's stock valued at $31,000 after purchasing an additional 191 shares during the period. UMB Bank n.a. boosted its position in MKS Instruments by 53.7% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company's stock valued at $38,000 after buying an additional 122 shares during the last quarter. Key Financial Inc acquired a new stake in shares of MKS Instruments during the second quarter valued at about $39,000. BOKF NA acquired a new stake in shares of MKS Instruments during the second quarter valued at about $39,000. Finally, Quarry LP purchased a new stake in shares of MKS Instruments during the second quarter worth about $39,000. Hedge funds and other institutional investors own 99.79% of the company's stock.

MKS Instruments Stock Performance

Shares of NASDAQ:MKSI traded down $5.74 on Wednesday, hitting $104.16. The company's stock had a trading volume of 993,142 shares, compared to its average volume of 820,300. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 231.47, a price-to-earnings-growth ratio of 0.66 and a beta of 1.65. 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, Inc. has a 12 month low of $94.31 and a 12 month high of $147.40. The stock's 50-day moving average is $108.69 and its two-hundred day moving average is $116.54.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last released its earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.45 by $0.27. The firm had revenue of $896.00 million for the quarter, compared to analysts' expectations of $874.29 million. MKS Instruments had a net margin of 0.90% and a return on equity of 15.79%. MKS Instruments's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. On average, equities research analysts forecast that MKS Instruments, Inc. will post 6.33 EPS for the current year.

MKS Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. MKS Instruments's dividend payout ratio (DPR) is 195.56%.

Insider Buying and Selling at MKS Instruments

In related news, Director Jacqueline F. Moloney sold 250 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value of $27,225.00. Following the sale, the director now directly owns 10,283 shares in the company, valued at $1,119,818.70. The trade was a 2.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.41, for a total transaction of $31,187.75. Following the completion of the transaction, the director now owns 17,659 shares in the company, valued at approximately $2,002,707.19. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 825 shares of company stock valued at $92,853. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of MKS Instruments from $155.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday. JPMorgan Chase & Co. started coverage on MKS Instruments in a research note on Friday, December 13th. They set an "overweight" rating and a $145.00 price objective on the stock. 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. Citigroup lowered MKS Instruments from a "buy" rating to a "neutral" rating and dropped their price target for the company from $145.00 to $120.00 in a research report on Monday, September 16th. Finally, Cantor Fitzgerald initiated coverage on MKS Instruments in a research note on Tuesday, September 10th. They set an "overweight" rating and a $140.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MKS Instruments has a consensus rating of "Moderate Buy" and a consensus target price of $141.00.

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.