MKS Instruments, Inc. (MKSI) Stake Increased by Prudential Financial Inc.

Prudential Financial Inc. increased its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,843 shares of the scientific and technical instruments company’s stock after buying an additional 8,380 shares during the period. Prudential Financial Inc. owned approximately 0.19% of MKS Instruments worth $6,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tudor Investment Corp Et Al raised its position in shares of MKS Instruments by 0.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 6,561 shares of the scientific and technical instruments company’s stock valued at $390,000 after buying an additional 61 shares during the last quarter. World Asset Management Inc raised its position in shares of MKS Instruments by 2.0% in the first quarter. World Asset Management Inc now owns 3,443 shares of the scientific and technical instruments company’s stock valued at $237,000 after buying an additional 68 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of MKS Instruments by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 5,970 shares of the scientific and technical instruments company’s stock valued at $410,000 after buying an additional 140 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of MKS Instruments by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 6,620 shares of the scientific and technical instruments company’s stock valued at $457,000 after buying an additional 152 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of MKS Instruments by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the scientific and technical instruments company’s stock valued at $1,506,000 after buying an additional 400 shares during the last quarter. Institutional investors own 98.67% of the company’s stock.

Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

Shares of MKS Instruments, Inc. (NASDAQ MKSI) opened at 73.10 on Friday. The stock has a 50 day moving average of $80.27 and a 200 day moving average of $68.78. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.15 and a beta of 1.03. MKS Instruments, Inc. has a 52-week low of $39.32 and a 52-week high of $88.40.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.19. MKS Instruments had a net margin of 9.83% and a return on equity of 17.29%. The company had revenue of $437.20 million for the quarter, compared to the consensus estimate of $413.26 million. During the same period in the previous year, the firm earned $0.38 EPS. MKS Instruments’s revenue was up 138.0% on a year-over-year basis. On average, analysts predict that MKS Instruments, Inc. will post $4.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Monday, May 29th were issued a $0.175 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.96%. MKS Instruments’s payout ratio is currently 25.18%.

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Several brokerages have weighed in on MKSI. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Friday, April 21st. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and set a $81.00 target price (up from $71.00) on shares of MKS Instruments in a research report on Friday, April 28th. Finally, Dougherty & Co reiterated a “buy” rating and issued a $100.00 price target (up from $86.00) on shares of MKS Instruments in a research report on Friday, April 28th. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $79.75.

In related news, CEO Gerard G. Colella sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $79.30, for a total value of $198,250.00. Following the sale, the chief executive officer now directly owns 5,025 shares in the company, valued at approximately $398,482.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Hanley sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $81.51, for a total transaction of $97,812.00. Following the completion of the sale, the director now owns 4,622 shares in the company, valued at $376,739.22. The disclosure for this sale can be found here. Insiders sold a total of 42,810 shares of company stock worth $3,275,837 over the last quarter. Insiders own 1.65% of the company’s stock.

About MKS Instruments

MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.

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