Millennium Management LLC reduced its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 97.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,360 shares of the scientific and technical instruments company’s stock after selling 3,117,841 shares during the period. Millennium Management LLC owned approximately 0.18% of MKS Instruments worth $8,892,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Greenwich Wealth Management LLC lifted its position in shares of MKS Instruments by 81.9% during the 2nd quarter. Greenwich Wealth Management LLC now owns 10,308 shares of the scientific and technical instruments company’s stock valued at $803,000 after buying an additional 4,642 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of MKS Instruments during the 3rd quarter worth approximately $1,375,000. Synovus Financial Corp boosted its position in shares of MKS Instruments by 6.2% during the 3rd quarter. Synovus Financial Corp now owns 9,664 shares of the scientific and technical instruments company’s stock worth $886,000 after purchasing an additional 560 shares during the period. Foresters Investment Management Company Inc. boosted its position in shares of MKS Instruments by 7.2% during the 2nd quarter. Foresters Investment Management Company Inc. now owns 100,300 shares of the scientific and technical instruments company’s stock worth $7,812,000 after purchasing an additional 6,700 shares during the period. Finally, Tygh Capital Management Inc. increased its holdings in MKS Instruments by 23.2% in the 2nd quarter. Tygh Capital Management Inc. now owns 60,965 shares of the scientific and technical instruments company’s stock valued at $4,749,000 after purchasing an additional 11,497 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.
In other MKS Instruments news, Director Elizabeth Mora sold 400 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $106.92, for a total transaction of $42,768.00. Following the transaction, the director now owns 15,818 shares in the company, valued at approximately $1,691,260.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerard G. Colella sold 5,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $111.03, for a total value of $555,150.00. The disclosure for this sale can be found here. Insiders sold a total of 33,784 shares of company stock valued at $3,763,309 in the last 90 days. Company insiders own 1.24% of the company’s stock.
MKSI has been the topic of a number of research analyst reports. DA Davidson boosted their target price on MKS Instruments to $125.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and issued a $120.00 price objective on shares of MKS Instruments in a research note on Friday, October 25th. Citigroup boosted their price objective on MKS Instruments from $115.00 to $124.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, ValuEngine lowered MKS Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. MKS Instruments currently has a consensus rating of “Buy” and a consensus target price of $119.88.
Shares of MKSI opened at $108.22 on Monday. The company has a market cap of $5.79 billion, a P/E ratio of 13.82 and a beta of 1.47. MKS Instruments, Inc. has a fifty-two week low of $56.37 and a fifty-two week high of $115.12. The company has a quick ratio of 2.89, a current ratio of 4.38 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average price is $106.90 and its 200 day moving average price is $87.55.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.25. MKS Instruments had a net margin of 9.10% and a return on equity of 13.84%. The company had revenue of $462.45 million during the quarter, compared to analysts’ expectations of $442.90 million. During the same quarter last year, the company posted $1.88 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. Research analysts forecast that MKS Instruments, Inc. will post 4.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, November 22nd. MKS Instruments’s dividend payout ratio (DPR) is presently 10.22%.
MKS Instruments Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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