Point72 Hong Kong Ltd Takes Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Point72 Hong Kong Ltd bought a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 112,404 shares of the scientific and technical instruments company's stock, valued at approximately $12,219,000. Point72 Hong Kong Ltd owned approximately 0.17% of MKS Instruments as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKSI. Massmutual Trust Co. FSB ADV boosted its position in MKS Instruments by 196.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company's stock worth $31,000 after purchasing an additional 191 shares during the period. Key Financial Inc bought a new position in shares of MKS Instruments during the second quarter worth about $39,000. Quarry LP acquired a new position in shares of MKS Instruments in the 2nd quarter worth approximately $39,000. BOKF NA bought a new stake in MKS Instruments during the second quarter valued at $39,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of 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 buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company's stock.

MKS Instruments Stock Performance

MKS Instruments stock traded up $1.28 during trading hours on Friday, hitting $113.64. The stock had a trading volume of 757,513 shares, compared to its average volume of 792,037. The company has a 50-day moving average of $107.38 and a two-hundred day moving average of $118.06. The company has a quick ratio of 2.21, a current ratio of 3.42 and a debt-to-equity ratio of 1.98. MKS Instruments, Inc. has a fifty-two week low of $80.84 and a fifty-two week high of $147.40. The company has a market cap of $7.65 billion, a PE ratio of 252.53, a price-to-earnings-growth ratio of 0.68 and a beta of 1.63.

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 for the quarter, topping the consensus estimate of $1.45 by $0.27. The business had revenue of $896.00 million for the quarter, compared to analyst estimates of $874.29 million. MKS Instruments had a net margin of 0.90% and a return on equity of 15.79%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 EPS. On average, equities research analysts anticipate that MKS Instruments, Inc. will post 6.22 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. MKS Instruments's dividend payout ratio (DPR) is presently 195.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MKSI shares. Cantor Fitzgerald initiated coverage on MKS Instruments in a research report on Tuesday, September 10th. They issued an "overweight" rating and a $140.00 target price on the stock. Wells Fargo & Company lowered their price target on MKS Instruments from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley started coverage on shares of MKS Instruments in a research note on Monday, August 5th. They set an "overweight" rating and a $155.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their price target on MKS Instruments from $140.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, August 9th. Finally, Citigroup downgraded shares of MKS Instruments from a "buy" rating to a "neutral" rating and cut their target price for the company from $145.00 to $120.00 in a research note on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MKS Instruments currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.09.

Insider Activity at MKS Instruments

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total transaction of $27,225.00. Following the transaction, the director now owns 10,283 shares of the company's stock, valued at approximately $1,119,818.70. This represents a 2.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth Mora sold 275 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total value of $31,891.75. Following the sale, the director now directly owns 17,934 shares of the company's stock, valued at $2,079,805.98. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.