Nordea Investment Management AB Has $265.87 Million Stake in MKS Instruments, Inc. (NASDAQ:MKSI)

Nordea Investment Management AB raised its stake in MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,525,037 shares of the scientific and technical instruments company's stock after purchasing an additional 237,979 shares during the period. Nordea Investment Management AB owned approximately 3.75% of MKS Instruments worth $265,874,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. State Street Corp increased its position in shares of MKS Instruments by 3.5% during the third quarter. State Street Corp now owns 1,954,881 shares of the scientific and technical instruments company's stock valued at $212,515,000 after purchasing an additional 65,200 shares during the period. Geode Capital Management LLC increased its holdings in MKS Instruments by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,172,517 shares of the scientific and technical instruments company's stock valued at $127,496,000 after buying an additional 51,519 shares during the period. Barclays PLC raised its stake in shares of MKS Instruments by 108.6% in the 3rd quarter. Barclays PLC now owns 1,019,134 shares of the scientific and technical instruments company's stock valued at $110,789,000 after buying an additional 530,620 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MKS Instruments by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,414 shares of the scientific and technical instruments company's stock worth $72,120,000 after acquiring an additional 45,862 shares during the period. Finally, Ceredex Value Advisors LLC boosted its position in shares of MKS Instruments by 17.8% during the 3rd quarter. Ceredex Value Advisors LLC now owns 509,883 shares of the scientific and technical instruments company's stock valued at $55,429,000 after acquiring an additional 77,025 shares in the last quarter. 99.79% of the stock is owned by institutional investors.

MKS Instruments Price Performance

Shares of NASDAQ MKSI traded up $6.30 during trading on Monday, reaching $114.59. The company had a trading volume of 1,202,526 shares, compared to its average volume of 884,703. MKS Instruments, Inc. has a 52 week low of $97.54 and a 52 week high of $147.40. 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 business's 50 day moving average price is $109.45 and its 200-day moving average price is $114.08. The stock has a market cap of $7.71 billion, a PE ratio of 254.64, a PEG ratio of 0.66 and a beta of 1.66.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $896.00 million for the quarter, compared to the consensus estimate of $874.29 million. MKS Instruments had a return on equity of 15.79% and a net margin of 0.90%. The business's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. Analysts expect that MKS Instruments, Inc. will post 6.33 earnings per share for the current year.

MKS Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, November 25th. This represents a $0.88 annualized dividend and a yield of 0.77%. MKS Instruments's dividend payout ratio is currently 195.56%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MKSI. Mizuho raised shares of MKS Instruments to a "strong-buy" rating in a research report on Monday, October 7th. JPMorgan Chase & Co. started coverage on MKS Instruments in a report on Friday, December 13th. They issued an "overweight" rating and a $145.00 target price for the company. Wells Fargo & Company decreased their price target 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. 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. Finally, Morgan Stanley cut their price objective on MKS Instruments from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $141.83.

Insider Buying and Selling at MKS Instruments

In other news, Director Elizabeth Mora sold 275 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.41, for a total value of $31,187.75. Following the completion of the sale, the director now directly owns 17,659 shares of the company's stock, valued at $2,002,707.19. This represents a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jacqueline F. Moloney sold 300 shares of MKS Instruments stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $114.80, for a total transaction of $34,440.00. Following the transaction, the director now directly owns 9,983 shares in the company, valued at $1,146,048.40. The trade was a 2.92 % decrease in their position. 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.