State Street Corp Has $212.52 Million Position in MKS Instruments, Inc. (NASDAQ:MKSI)

State Street Corp raised its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,954,881 shares of the scientific and technical instruments company's stock after buying an additional 65,200 shares during the quarter. State Street Corp owned about 2.90% of MKS Instruments worth $212,515,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its holdings in MKS Instruments by 196.9% in 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 buying an additional 191 shares in the last quarter. UMB Bank n.a. boosted its holdings in MKS Instruments by 53.7% during the third quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company's stock worth $38,000 after buying an additional 122 shares in the last quarter. Key Financial Inc acquired a new position in MKS Instruments in the second quarter worth approximately $39,000. BOKF NA bought a new position in shares of MKS Instruments in the second quarter valued at $39,000. Finally, Quarry LP acquired a new stake in shares of MKS Instruments during the 2nd quarter valued at $39,000. Institutional investors own 99.79% of the company's stock.

Insiders Place Their Bets

In other news, Director Jacqueline F. Moloney sold 250 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value 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 trade represents a 2.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth Mora sold 275 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.41, for a total transaction of $31,187.75. Following the completion of the transaction, the director now owns 17,659 shares in the company, valued at $2,002,707.19. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 825 shares of company stock valued at $92,853. Insiders own 0.46% of the company's stock.

MKS Instruments Stock Performance

Shares of MKSI stock traded down $0.25 during trading hours on Thursday, reaching $113.31. 143,160 shares of the company's stock were exchanged, compared to its average volume of 819,907. The business has a fifty day moving average price of $108.36 and a 200-day moving average price of $117.20. The stock has a market capitalization of $7.63 billion, a P/E ratio of 252.36, a P/E/G ratio of 0.67 and a beta of 1.65. 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 $85.25 and a fifty-two week 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, beating analysts' consensus estimates of $1.45 by $0.27. MKS Instruments had a net margin of 0.90% and a return on equity of 15.79%. The firm had revenue of $896.00 million during the quarter, compared to the consensus estimate of $874.29 million. During the same period in the prior year, the firm earned $1.46 EPS. The business's revenue was down 3.9% on a year-over-year basis. Analysts predict that MKS Instruments, Inc. will post 6.33 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MKSI shares. Citigroup lowered MKS Instruments from a "buy" rating to a "neutral" rating and cut their target price for the stock from $145.00 to $120.00 in a research report on Monday, September 16th. Cantor Fitzgerald assumed coverage on MKS Instruments in a report on Tuesday, September 10th. They set an "overweight" rating and a $140.00 price objective on the stock. Benchmark reissued a "buy" rating and issued a $142.00 target price on shares of MKS Instruments in a research report on Monday, November 18th. The Goldman Sachs Group began coverage on shares of MKS Instruments in a research report on Tuesday, September 3rd. They issued a "neutral" rating and a $129.00 price target for the company. Finally, Mizuho upgraded shares of MKS Instruments to a "strong-buy" rating in a research report on Monday, October 7th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $141.09.

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.