JPMorgan Chase & Co. increased its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,020 shares of the scientific and technical instruments company’s stock after buying an additional 729 shares during the period. JPMorgan Chase & Co. owned 0.96% of MKS Instruments worth $34,931,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of MKSI. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MKS Instruments by 47.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 712 shares during the last quarter. Creative Planning grew its holdings in MKS Instruments by 22.8% during the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after purchasing an additional 416 shares during the period. Good Life Advisors LLC acquired a new position in MKS Instruments during the second quarter valued at approximately $203,000. Suntrust Banks Inc. acquired a new position in MKS Instruments during the first quarter valued at approximately $209,000. Finally, Piedmont Investment Advisors LLC acquired a new position in MKS Instruments during the first quarter valued at approximately $221,000. 95.84% of the stock is owned by institutional investors and hedge funds.
MKS Instruments, Inc. (NASDAQ:MKSI) opened at 86.60 on Friday. The firm has a market cap of $4.70 billion, a PE ratio of 17.99 and a beta of 1.08. The company’s 50-day moving average is $81.55 and its 200-day moving average is $75.92. MKS Instruments, Inc. has a one year low of $46.51 and a one year high of $88.40.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The firm had revenue of $481.00 million during the quarter, compared to analyst estimates of $463.86 million. During the same quarter last year, the business earned $0.72 EPS. The company’s revenue was up 47.6% compared to the same quarter last year. On average, analysts forecast that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.70 annualized dividend and a yield of 0.81%. MKS Instruments’s payout ratio is 14.58%.
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In other news, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction on Friday, July 28th. The shares were sold at an average price of $83.22, for a total value of $83,220.00. Following the completion of the sale, the director now owns 3,372 shares in the company, valued at approximately $280,617.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,100 shares of company stock valued at $935,105. Company insiders own 1.65% of the company’s stock.
A number of brokerages recently issued reports on MKSI. KeyCorp restated an “outperform” rating and set a $100.00 price objective on shares of MKS Instruments in a report on Saturday. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus restated a “buy” rating and set a $98.00 price objective (up previously from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG began coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective for the company. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. MKS Instruments presently has an average rating of “Buy” and a consensus target price of $86.67.
MKS Instruments Company Profile
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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