Royce & Associates LP decreased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,328,613 shares of the company’s stock after selling 338,497 shares during the period. MKS Instruments makes up 0.9% of Royce & Associates LP’s portfolio, making the stock its largest position. Royce & Associates LP owned about 4.35% of MKS Instruments worth $138,320,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of MKSI. New York State Common Retirement Fund increased its position in shares of MKS Instruments by 47.4% in the third quarter. New York State Common Retirement Fund now owns 78,257 shares of the company’s stock valued at $3,892,000 after buying an additional 25,157 shares during the period. BlackRock Fund Advisors increased its position in shares of MKS Instruments by 11.2% in the third quarter. BlackRock Fund Advisors now owns 3,818,130 shares of the company’s stock valued at $189,876,000 after buying an additional 383,617 shares during the period. DE Burlo Group Inc. purchased a new position in shares of MKS Instruments during the third quarter valued at approximately $2,755,000. Zacks Investment Management increased its position in shares of MKS Instruments by 5.8% in the third quarter. Zacks Investment Management now owns 24,837 shares of the company’s stock valued at $1,235,000 after buying an additional 1,352 shares during the period. Finally, Eagle Asset Management Inc. increased its position in shares of MKS Instruments by 8.4% in the third quarter. Eagle Asset Management Inc. now owns 256,202 shares of the company’s stock valued at $12,740,000 after buying an additional 19,932 shares during the period.
MKS Instruments, Inc. (NASDAQ:MKSI) traded up 0.37% during trading on Monday, reaching $67.20. 264,647 shares of the company were exchanged. The stock has a market capitalization of $3.60 billion, a P/E ratio of 34.64 and a beta of 1.03. MKS Instruments, Inc. has a 1-year low of $31.51 and a 1-year high of $68.30. The company’s 50-day moving average price is $63.56 and its 200-day moving average price is $54.10.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Thursday, February 2nd. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.05. The company had revenue of $405 million for the quarter, compared to the consensus estimate of $395 million. MKS Instruments had a net margin of 8.09% and a return on equity of 13.63%. MKS Instruments’s revenue was up 135.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities analysts forecast that MKS Instruments, Inc. will post $4.16 EPS for the current year.
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MKSI has been the subject of several recent analyst reports. Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research note on Friday, October 28th. Dougherty & Co raised shares of MKS Instruments from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, January 24th. Finally, Stifel Nicolaus upped their price objective on shares of MKS Instruments from $54.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, November 23rd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. MKS Instruments currently has a consensus rating of “Buy” and a consensus price target of $63.75.
In other news, VP Brian Charles Quirk sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $66.60, for a total value of $66,600.00. Following the sale, the vice president now directly owns 9,210 shares of the company’s stock, valued at approximately $613,386. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerard G. Colella sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $55.86, for a total transaction of $139,650.00. Following the completion of the sale, the chief executive officer now directly owns 35,400 shares in the company, valued at $1,977,444. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,502 shares of company stock worth $932,293. 1.60% of the stock is owned by insiders.
About MKS Instruments
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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