US Bancorp DE reduced its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,083 shares of the scientific and technical instruments company’s stock after selling 3,075 shares during the quarter. US Bancorp DE’s holdings in MKS Instruments were worth $1,426,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in MKSI. OxFORD Asset Management LLP bought a new position in shares of MKS Instruments during the 3rd quarter valued at approximately $570,000. Prudential Financial Inc. grew its stake in shares of MKS Instruments by 237.7% during the 3rd quarter. Prudential Financial Inc. now owns 360,782 shares of the scientific and technical instruments company’s stock valued at $34,076,000 after acquiring an additional 253,949 shares during the period. Rothschild Asset Management Inc. bought a new position in shares of MKS Instruments during the 3rd quarter valued at approximately $24,693,000. Bessemer Group Inc. bought a new position in shares of MKS Instruments during the 3rd quarter valued at approximately $331,000. Finally, Columbus Circle Investors grew its stake in shares of MKS Instruments by 29.5% during the 3rd quarter. Columbus Circle Investors now owns 388,137 shares of the scientific and technical instruments company’s stock valued at $36,660,000 after acquiring an additional 88,425 shares during the period. Institutional investors and hedge funds own 93.92% of the company’s stock.
A number of research analysts recently issued reports on the company. Dougherty & Co reiterated a “buy” rating on shares of MKS Instruments in a research note on Sunday, February 4th. BidaskClub downgraded MKS Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective for the company in a research note on Tuesday, February 6th. Finally, KeyCorp reiterated a “buy” rating on shares of MKS Instruments in a research note on Friday, February 2nd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. MKS Instruments currently has an average rating of “Buy” and an average price target of $116.60.
MKS Instruments, Inc. (NASDAQ MKSI) opened at $110.00 on Monday. The company has a quick ratio of 3.06, a current ratio of 4.21 and a debt-to-equity ratio of 0.25. MKS Instruments, Inc. has a twelve month low of $64.45 and a twelve month high of $111.95. The company has a market capitalization of $5,972.40, a P/E ratio of 18.49, a P/E/G ratio of 1.09 and a beta of 1.04.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.08. MKS Instruments had a return on equity of 22.51% and a net margin of 17.70%. The company had revenue of $512.00 million for the quarter, compared to analysts’ expectations of $500.22 million. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s revenue was up 26.4% compared to the same quarter last year. analysts anticipate that MKS Instruments, Inc. will post 7.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 0.65%. MKS Instruments’s dividend payout ratio is presently 11.69%.
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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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