UBS Asset Management Americas Inc. lowered its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,592 shares of the scientific and technical instruments company’s stock after selling 2,919 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.07% of MKS Instruments worth $3,647,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKSI. OxFORD Asset Management LLP purchased a new position in shares of MKS Instruments during the third quarter valued at approximately $570,000. Prudential Financial Inc. boosted its position in shares of MKS Instruments by 237.7% during the third quarter. Prudential Financial Inc. now owns 360,782 shares of the scientific and technical instruments company’s stock valued at $34,076,000 after buying an additional 253,949 shares during the period. Rothschild Asset Management Inc. purchased a new position in shares of MKS Instruments during the third quarter valued at approximately $24,693,000. Bessemer Group Inc. purchased a new position in shares of MKS Instruments during the third quarter valued at approximately $331,000. Finally, Columbus Circle Investors boosted its position in shares of MKS Instruments by 29.5% during the third quarter. Columbus Circle Investors now owns 388,137 shares of the scientific and technical instruments company’s stock valued at $36,660,000 after buying an additional 88,425 shares during the period. Institutional investors own 93.92% of the company’s stock.
Several brokerages have issued reports on MKSI. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 target price for the company in a research report on Tuesday, February 6th. Dougherty & Co restated a “buy” rating on shares of MKS Instruments in a research report on Sunday, February 4th. KeyCorp restated a “buy” rating on shares of MKS Instruments in a research report on Friday, February 2nd. Finally, ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $116.60.
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at $123.30 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.10 and a current ratio of 4.27. MKS Instruments, Inc. has a 12 month low of $64.75 and a 12 month high of $128.28. The firm has a market cap of $6,819.17, a P/E ratio of 21.03, a PEG ratio of 1.19 and a beta of 0.93.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.08. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The firm had revenue of $512.00 million during the quarter, compared to the consensus estimate of $500.22 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was up 26.4% on a year-over-year basis. sell-side analysts expect that MKS Instruments, Inc. will post 7.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, February 23rd. MKS Instruments’s dividend payout ratio is presently 11.69%.
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MKS Instruments 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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