20,381 Shares in MKS Instruments, Inc. (NASDAQ:MKSI) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,381 shares of the scientific and technical instruments company's stock, valued at approximately $2,216,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MKSI. AE Wealth Management LLC boosted its stake in MKS Instruments by 5.9% during 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 purchasing an additional 92 shares during the period. Equitable Trust Co. grew its holdings in MKS Instruments by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 5,035 shares of the scientific and technical instruments company's stock worth $547,000 after buying an additional 109 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in MKS Instruments by 1.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,729 shares of the scientific and technical instruments company's stock worth $949,000 after buying an additional 115 shares in the last quarter. US Bancorp DE increased its position in MKS Instruments by 2.4% in the 3rd quarter. US Bancorp DE now owns 4,942 shares of the scientific and technical instruments company's stock valued at $537,000 after acquiring an additional 118 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake 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 valued at $40,000 after acquiring an additional 119 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jacqueline F. Moloney sold 300 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 of the company's stock, valued at approximately $1,146,048.40. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Elizabeth Mora sold 275 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.41, for a total transaction of $31,187.75. Following the completion of the sale, the director now owns 17,659 shares of the company's stock, valued at approximately $2,002,707.19. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 825 shares of company stock worth $92,853. Corporate insiders own 0.46% of the company's stock.

MKS Instruments Price Performance

Shares of NASDAQ MKSI traded down $0.35 during mid-day trading on Friday, reaching $112.55. The company had a trading volume of 578,315 shares, compared to its average volume of 820,003. The company has a 50-day moving average price of $108.65 and a two-hundred day moving average price of $117.04. The stock has a market cap of $7.57 billion, a PE ratio of 250.11, a P/E/G ratio of 0.66 and a beta of 1.65. The company has a current ratio of 3.42, a quick ratio of 2.21 and a debt-to-equity ratio of 1.98. MKS Instruments, Inc. has a 1-year low of $90.90 and a 1-year high of $147.40.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.27. MKS Instruments had a return on equity of 15.79% and a net margin of 0.90%. The firm had revenue of $896.00 million for the quarter, compared to analysts' expectations of $874.29 million. During the same quarter last year, the business posted $1.46 EPS. MKS Instruments's revenue was down 3.9% on a year-over-year basis. On average, equities analysts anticipate that MKS Instruments, Inc. will post 6.33 earnings per share for the current year.

MKS Instruments Announces Dividend

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

Analyst Upgrades and Downgrades

MKSI has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on MKS Instruments in a report on Tuesday, September 3rd. They set a "neutral" rating and a $129.00 price target on the stock. Mizuho raised shares of MKS Instruments to a "strong-buy" rating in a research note on Monday, October 7th. JPMorgan Chase & Co. assumed coverage on shares of MKS Instruments in a research report on Friday. They set an "overweight" rating and a $145.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of MKS Instruments from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Finally, Benchmark reissued a "buy" rating and set a $142.00 target price on shares of MKS Instruments in a report on Monday, November 18th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MKS Instruments currently has an average rating of "Moderate Buy" and a consensus target price of $141.42.

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.