Alliancebernstein L.P. lowered its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 5.9% during the first quarter, Holdings Channel reports. The institutional investor owned 82,304 shares of the scientific and technical instruments company’s stock after selling 5,200 shares during the period. Alliancebernstein L.P.’s holdings in MKS Instruments were worth $5,658,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of MKSI. Tyers Asset Management LLC purchased a new position in shares of MKS Instruments during the fourth quarter valued at about $115,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of MKS Instruments during the fourth quarter valued at about $138,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 712 shares in the last quarter. Elkfork Partners LLC bought a new position in MKS Instruments during the fourth quarter valued at $158,000. Finally, Suntrust Banks Inc. bought a new position in MKS Instruments during the first quarter valued at $209,000. 98.67% of the stock is owned by hedge funds and other institutional investors.
MKS Instruments, Inc. (NASDAQ:MKSI) opened at 72.75 on Tuesday. The firm’s 50-day moving average price is $79.95 and its 200 day moving average price is $69.21. The stock has a market cap of $3.94 billion, a P/E ratio of 26.03 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 earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.19. MKS Instruments had a net margin of 9.83% and a return on equity of 17.29%. The business had revenue of $437.20 million during the quarter, compared to analysts’ expectations of $413.26 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue was up 138.0% on a year-over-year basis. Equities analysts predict that MKS Instruments, Inc. will post $4.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Monday, May 29th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, May 24th. MKS Instruments’s payout ratio is presently 25.18%.
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Several research firms have weighed in on MKSI. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Dougherty & Co reissued a “buy” rating and set a $100.00 price target (up previously from $86.00) on shares of MKS Instruments in a research report on Friday, April 28th. Stifel Nicolaus reissued a “buy” rating and set a $81.00 price target (up previously from $71.00) on shares of MKS Instruments in a research report on Friday, April 28th. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Friday, April 21st. Seven research analysts have rated the stock with a buy rating, MKS Instruments presently has an average rating of “Buy” and an average target price of $79.75.
In related news, VP Brian Charles Quirk sold 1,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $68.75, for a total value of $68,750.00. Following the completion of the sale, the vice president now owns 17,563 shares in the company, valued at $1,207,456.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gerard G. Colella sold 2,500 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $79.30, for a total transaction of $198,250.00. Following the completion of the sale, the chief executive officer now owns 5,025 shares of the company’s stock, valued at approximately $398,482.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,810 shares of company stock valued at $3,275,837. 1.65% of the stock is owned by corporate insiders.
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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