JPMorgan Chase & Co. Has $89.09 Million Stock Holdings in MKS Instruments, Inc. (NASDAQ:MKSI)

JPMorgan Chase & Co. cut its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 48.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 819,506 shares of the scientific and technical instruments company's stock after selling 783,502 shares during the period. JPMorgan Chase & Co. owned 1.22% of MKS Instruments worth $89,088,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of MKS Instruments by 62.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after acquiring an additional 119 shares during the period. CIBC Asset Management Inc grew its position in shares of MKS Instruments by 12.5% during the 2nd quarter. CIBC Asset Management Inc now owns 1,894 shares of the scientific and technical instruments company's stock worth $247,000 after purchasing an additional 211 shares in the last quarter. Roubaix Capital LLC grew its position in shares of MKS Instruments by 2.2% during the 2nd quarter. Roubaix Capital LLC now owns 29,277 shares of the scientific and technical instruments company's stock worth $3,823,000 after purchasing an additional 629 shares in the last quarter. Arizona State Retirement System raised its position in shares of MKS Instruments by 7.5% in the second quarter. Arizona State Retirement System now owns 18,771 shares of the scientific and technical instruments company's stock valued at $2,451,000 after buying an additional 1,310 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its position in shares of MKS Instruments by 98.9% in the second quarter. Great Lakes Advisors LLC now owns 150,030 shares of the scientific and technical instruments company's stock valued at $19,591,000 after buying an additional 74,590 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors.

MKS Instruments Price Performance

MKSI stock traded up $2.27 during trading on Friday, reaching $108.29. 874,418 shares of the company were exchanged, compared to its average volume of 725,809. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 240.64, a P/E/G ratio of 0.66 and a beta of 1.66. 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 company has a 50-day moving average of $109.21 and a two-hundred day moving average of $114.52. MKS Instruments, Inc. has a twelve month low of $95.71 and a twelve month high of $147.40.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.27. MKS Instruments had a net margin of 0.90% and a return on equity of 15.79%. The company had revenue of $896.00 million during the quarter, compared to the consensus estimate of $874.29 million. During the same period in the prior year, the business earned $1.46 earnings per share. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities analysts predict that MKS Instruments, Inc. will post 6.33 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.22 per share. 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 related news, Director Elizabeth Mora sold 275 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was 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 $2,002,707.19. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jacqueline F. Moloney sold 300 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 9,983 shares of the company's stock, valued at $1,146,048.40. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup downgraded MKS Instruments from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $145.00 to $120.00 in a research report on Monday, September 16th. JPMorgan Chase & Co. began coverage on MKS Instruments in a report on Friday, December 13th. They set an "overweight" rating and a $145.00 target price on the stock. Morgan Stanley decreased their price target on MKS Instruments from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Cantor Fitzgerald began coverage on shares of MKS Instruments in a research note on Tuesday, September 10th. They set an "overweight" rating and a $140.00 price objective on the stock. Finally, Benchmark reiterated a "buy" rating and set a $142.00 price objective on shares of MKS Instruments in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.00.

MKS Instruments 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.