Loomis Sayles & Co. L P Has $32.14 Million Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Loomis Sayles & Co. L P boosted its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 295,651 shares of the scientific and technical instruments company's stock after purchasing an additional 44,747 shares during the period. Loomis Sayles & Co. L P owned 0.44% of MKS Instruments worth $32,140,000 as of its most recent filing with the SEC.

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

MKS Instruments Price Performance

NASDAQ:MKSI traded down $3.34 during trading hours on Tuesday, hitting $113.15. The company's stock had a trading volume of 641,735 shares, compared to its average volume of 826,785. 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 market capitalization of $7.61 billion, a P/E ratio of 249.69, a PEG ratio of 0.68 and a beta of 1.63. MKS Instruments, Inc. has a twelve month low of $77.25 and a twelve month high of $147.40. The stock has a fifty day simple moving average of $107.17 and a 200-day simple moving average of $118.34.

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

MKS Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, November 25th. MKS Instruments's dividend payout ratio is currently 195.56%.

Insider Activity

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

Analyst Ratings Changes

Several brokerages have issued reports on MKSI. Deutsche Bank Aktiengesellschaft cut their price target on MKS Instruments from $140.00 to $120.00 and set a "hold" rating for the company in a report on Friday, August 9th. Wells Fargo & Company lowered their target price on MKS Instruments from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 3rd. Needham & Company LLC lifted their price target on MKS Instruments from $153.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Mizuho raised MKS Instruments to a "strong-buy" rating in a report on Monday, October 7th. Finally, Morgan Stanley began coverage on shares of MKS Instruments in a research report on Monday, August 5th. They issued an "overweight" rating and a $155.00 target price for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $141.09.

About MKS Instruments

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.