Systematic Financial Management LP Has $21.62 Million Holdings in MKS Instruments, Inc. (NASDAQ:MKSI)

Systematic Financial Management LP boosted its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 20.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,833 shares of the scientific and technical instruments company's stock after acquiring an additional 34,105 shares during the quarter. Systematic Financial Management LP owned 0.30% of MKS Instruments worth $21,615,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MKSI. Massmutual Trust Co. FSB ADV boosted its position in MKS Instruments by 196.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company's stock valued at $31,000 after buying an additional 191 shares during the period. UMB Bank n.a. increased its stake in MKS Instruments by 53.7% in the third quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company's stock valued at $38,000 after purchasing an additional 122 shares during the period. Key Financial Inc acquired a new position in MKS Instruments in the second quarter valued at $39,000. BOKF NA acquired a new position in shares of MKS Instruments during the second quarter worth about $39,000. Finally, Quarry LP acquired a new position in shares of MKS Instruments during the second quarter worth about $39,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho raised shares of MKS Instruments to a "strong-buy" rating in a report on Monday, October 7th. Needham & Company LLC upped their price target on shares of MKS Instruments from $153.00 to $156.00 and gave the company a "buy" rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of MKS Instruments from $140.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. Citigroup downgraded shares of MKS Instruments from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $145.00 to $120.00 in a research note on Monday, September 16th. Finally, Benchmark reaffirmed a "buy" rating and set a $142.00 price target on shares of MKS Instruments in a research report on Monday, November 18th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $141.09.

MKS Instruments Stock Down 3.0 %

Shares of MKSI stock traded down $3.46 during trading on Thursday, hitting $113.37. 972,109 shares of the company were exchanged, compared to its average volume of 823,713. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.21 and a current ratio of 3.42. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 259.62, a P/E/G ratio of 0.68 and a beta of 1.65. The business's 50-day simple moving average is $107.87 and its 200 day simple moving average is $117.82. MKS Instruments, Inc. has a twelve month low of $81.04 and a twelve month high of $147.40.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last posted its earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.27. The firm had revenue of $896.00 million during 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%. The company's revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 earnings per share. As a group, analysts forecast that MKS Instruments, Inc. will post 6.33 EPS for the current fiscal year.

MKS Instruments Announces Dividend

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

Insiders Place Their Bets

In related news, Director Elizabeth Mora sold 275 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.41, for a total transaction of $31,187.75. Following the transaction, the director now owns 17,659 shares in the company, valued at $2,002,707.19. This represents a 1.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jacqueline F. Moloney sold 250 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value of $27,225.00. Following the completion of the sale, the director now directly owns 10,283 shares of the company's stock, valued at approximately $1,119,818.70. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.