Raymond James Financial Inc. purchased a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 271,217 shares of the scientific and technical instruments company's stock, valued at approximately $28,312,000. Raymond James Financial Inc. owned about 0.40% of MKS Instruments at the end of the most recent reporting period.
Several other large investors have also modified their holdings of MKSI. Crossmark Global Holdings Inc. raised its stake in shares of MKS Instruments by 7.8% during the third quarter. Crossmark Global Holdings Inc. now owns 4,317 shares of the scientific and technical instruments company's stock worth $470,000 after purchasing an additional 312 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of MKS Instruments during the third quarter worth approximately $468,000. Empowered Funds LLC raised its stake in shares of MKS Instruments by 14.9% during the third quarter. Empowered Funds LLC now owns 2,326 shares of the scientific and technical instruments company's stock worth $253,000 after purchasing an additional 302 shares during the last quarter. Mizuho Markets Americas LLC raised its stake in shares of MKS Instruments by 57.2% during the third quarter. Mizuho Markets Americas LLC now owns 278,887 shares of the scientific and technical instruments company's stock worth $30,318,000 after purchasing an additional 101,439 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of MKS Instruments by 4.5% during the third quarter. Mutual of America Capital Management LLC now owns 54,088 shares of the scientific and technical instruments company's stock worth $5,880,000 after purchasing an additional 2,313 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company's stock.
Insider Buying and Selling
In related news, Director Gerard G. Colella sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $104.53, for a total transaction of $836,240.00. Following the transaction, the director now directly owns 60,017 shares of the company's stock, valued at approximately $6,273,577.01. The trade was a 11.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth Mora sold 275 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $1,607,324.64. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
MKSI has been the subject of several research analyst reports. JPMorgan Chase & Co. assumed coverage on MKS Instruments in a research report on Friday, December 13th. They issued an "overweight" rating and a $145.00 price objective for the company. The Goldman Sachs Group raised their target price on MKS Instruments from $128.00 to $129.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Citigroup raised MKS Instruments from a "neutral" rating to a "buy" rating and set a $130.00 target price for the company in a report on Monday, January 6th. Benchmark reduced their target price on MKS Instruments from $142.00 to $135.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Needham & Company LLC reduced their target price on MKS Instruments from $156.00 to $145.00 and set a "buy" rating for the company in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.08.
Read Our Latest Research Report on MKS Instruments
MKS Instruments Price Performance
MKS Instruments stock traded down $1.15 during midday trading on Tuesday, reaching $87.76. 992,880 shares of the company were exchanged, compared to its average volume of 874,726. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 1.02 and a beta of 1.75. The firm's 50-day simple moving average is $103.81 and its 200-day simple moving average is $106.84. MKS Instruments, Inc. has a 1 year low of $76.37 and a 1 year 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 posted its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $2.15 EPS for the quarter, topping 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%. On average, analysts anticipate that MKS Instruments, Inc. will post 6.94 EPS for the current year.
MKS Instruments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, February 24th. MKS Instruments's dividend payout ratio (DPR) is presently 31.43%.
MKS Instruments Company Profile
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Free Report)
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.
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