Corient Private Wealth LLC Sells 8,672 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Corient Private Wealth LLC lessened its position in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 16.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 45,285 shares of the scientific and technical instruments company's stock after selling 8,672 shares during the period. Corient Private Wealth LLC owned approximately 0.07% of MKS Instruments worth $4,727,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in MKS Instruments by 68.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 263 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 107 shares in the last quarter. Blue Trust Inc. raised its stake in shares of MKS Instruments by 424.1% in the fourth quarter. Blue Trust Inc. now owns 414 shares of the scientific and technical instruments company's stock worth $45,000 after purchasing an additional 335 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of MKS Instruments by 58.0% in the fourth quarter. Versant Capital Management Inc now owns 433 shares of the scientific and technical instruments company's stock worth $45,000 after purchasing an additional 159 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in MKS Instruments in the 3rd quarter valued at $50,000. Finally, UMB Bank n.a. lifted its stake in MKS Instruments by 63.9% during the 4th quarter. UMB Bank n.a. now owns 572 shares of the scientific and technical instruments company's stock valued at $60,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on MKSI shares. Morgan Stanley decreased their price target on MKS Instruments from $150.00 to $147.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. initiated coverage on shares of MKS Instruments in a report on Friday, December 13th. They issued an "overweight" rating and a $145.00 price target on the stock. The Goldman Sachs Group raised their price objective on shares of MKS Instruments from $128.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $140.00 target price on shares of MKS Instruments in a research note on Thursday, February 13th. Finally, Needham & Company LLC decreased their price target on shares of MKS Instruments from $156.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.08.

MKS Instruments Stock Performance

MKSI stock traded down $2.57 during midday trading on Wednesday, reaching $87.64. 758,365 shares of the company's stock traded hands, compared to its average volume of 889,458. The firm has a market capitalization of $5.91 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.75. The company has a 50-day moving average price of $101.30 and a two-hundred day moving average price of $105.94. MKS Instruments, Inc. has a 52 week low of $76.37 and a 52 week high of $147.40. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.04 and a current ratio of 3.19.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.23. MKS Instruments had a return on equity of 18.94% and a net margin of 5.30%. As a group, equities analysts anticipate that MKS Instruments, Inc. will post 6.94 EPS for the current year.

MKS Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. MKS Instruments's dividend payout ratio (DPR) is currently 31.43%.

Insider Activity at MKS Instruments

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.46, for a total value of $25,426.50. Following the completion of the transaction, the director now directly owns 17,384 shares of the company's stock, valued at $1,607,324.64. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerard G. Colella sold 8,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $104.53, for a total transaction of $836,240.00. Following the transaction, the director now owns 60,017 shares of the company's stock, valued at $6,273,577.01. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.

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.