Roubaix Capital LLC Grows Stake in MKS Instruments, Inc. (NASDAQ:MKSI)

Roubaix Capital LLC lifted its position in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 25.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,804 shares of the scientific and technical instruments company's stock after buying an additional 7,527 shares during the quarter. MKS Instruments makes up 2.2% of Roubaix Capital LLC's investment portfolio, making the stock its 22nd largest holding. Roubaix Capital LLC owned approximately 0.05% of MKS Instruments worth $4,001,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC raised its holdings in shares of MKS Instruments by 5.9% in the 2nd quarter. AE Wealth Management LLC now owns 1,659 shares of the scientific and technical instruments company's stock valued at $217,000 after buying an additional 92 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in MKS Instruments by 62.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after purchasing an additional 119 shares during the period. UMB Bank n.a. increased its holdings in MKS Instruments by 53.7% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company's stock worth $38,000 after purchasing an additional 122 shares during the period. Verity Asset Management Inc. increased its holdings in MKS Instruments by 6.3% during the 1st quarter. Verity Asset Management Inc. now owns 2,085 shares of the scientific and technical instruments company's stock worth $277,000 after purchasing an additional 124 shares during the period. Finally, GAMMA Investing LLC increased its holdings in MKS Instruments by 21.6% during the 3rd quarter. GAMMA Investing LLC now owns 772 shares of the scientific and technical instruments company's stock worth $84,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.

MKS Instruments Stock Performance

Shares of NASDAQ MKSI traded down $2.99 during trading hours on Thursday, reaching $99.33. The stock had a trading volume of 1,228,190 shares, compared to its average volume of 824,885. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 903.00, a PEG ratio of 0.70 and a beta of 1.63. The company has a current ratio of 3.58, a quick ratio of 2.31 and a debt-to-equity ratio of 2.16. MKS Instruments, Inc. has a fifty-two week low of $63.44 and a fifty-two week high of $147.40. The firm has a 50-day moving average of $108.48 and a 200-day moving average of $119.49.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.51. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The company had revenue of $887.00 million during the quarter, compared to analysts' expectations of $866.38 million. During the same period last year, the firm earned $1.32 EPS. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. Equities research analysts predict that MKS Instruments, Inc. will post 5.61 earnings per share for the current year.

MKS Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.88 dividend on an annualized basis and a yield of 0.89%. MKS Instruments's payout ratio is 800.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley assumed coverage on MKS Instruments in a report on Monday, August 5th. They set an "overweight" rating and a $155.00 price target on the stock. Mizuho upgraded MKS Instruments to a "strong-buy" rating in a report on Monday, October 7th. Benchmark reiterated a "buy" rating and issued a $142.00 price objective on shares of MKS Instruments in a report on Thursday, August 8th. Bank of America began coverage on MKS Instruments in a report on Wednesday, July 10th. They issued a "buy" rating and a $160.00 price objective on the stock. Finally, Citigroup downgraded MKS Instruments from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $145.00 to $120.00 in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MKS Instruments presently has an average rating of "Moderate Buy" and an average target price of $141.09.

Insiders Place Their Bets

In other MKS Instruments news, EVP John Edward Williams sold 1,800 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $118.71, for a total transaction of $213,678.00. Following the completion of the sale, the executive vice president now directly owns 13 shares of the company's stock, valued at approximately $1,543.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jacqueline F. Moloney sold 250 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 $1,119,818.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Edward Williams sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $118.71, for a total value of $213,678.00. Following the completion of the sale, the executive vice president now directly owns 13 shares of the company's stock, valued at $1,543.23. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,325 shares of company stock valued at $272,795. 0.46% of the stock is owned by company 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.