Kornitzer Capital Management Inc. KS lifted its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 106.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,606 shares of the scientific and technical instruments company’s stock after purchasing an additional 76,022 shares during the period. Kornitzer Capital Management Inc. KS owned 0.27% of MKS Instruments worth $13,621,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of MKSI. Invesco Ltd. boosted its holdings in shares of MKS Instruments by 171.9% during the 2nd quarter. Invesco Ltd. now owns 1,489,870 shares of the scientific and technical instruments company’s stock worth $116,046,000 after purchasing an additional 941,917 shares during the last quarter. First Trust Advisors LP lifted its holdings in MKS Instruments by 760.5% in the second quarter. First Trust Advisors LP now owns 319,605 shares of the scientific and technical instruments company’s stock valued at $24,894,000 after acquiring an additional 282,464 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in MKS Instruments by 22.6% in the second quarter. JPMorgan Chase & Co. now owns 1,489,079 shares of the scientific and technical instruments company’s stock valued at $116,878,000 after acquiring an additional 274,145 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in MKS Instruments by 59.5% in the second quarter. Point72 Asset Management L.P. now owns 502,968 shares of the scientific and technical instruments company’s stock valued at $39,176,000 after acquiring an additional 187,710 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in MKS Instruments by 2,134.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 161,859 shares of the scientific and technical instruments company’s stock valued at $15,061,000 after acquiring an additional 154,614 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.
In other news, CFO Seth H. Bagshaw sold 18,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $112.08, for a total transaction of $2,017,440.00. Following the sale, the chief financial officer now owns 18,857 shares of the company’s stock, valued at $2,113,492.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kathleen Flaherty Burke sold 10,384 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $110.55, for a total value of $1,147,951.20. Following the sale, the vice president now directly owns 28,778 shares in the company, valued at approximately $3,181,407.90. The disclosure for this sale can be found here. Insiders have sold 33,384 shares of company stock worth $3,720,541 in the last ninety days. Corporate insiders own 1.24% of the company’s stock.
NASDAQ:MKSI traded down $0.01 during trading hours on Friday, reaching $112.14. 12,416 shares of the stock were exchanged, compared to its average volume of 440,863. 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 business has a 50-day moving average of $98.25 and a two-hundred day moving average of $85.15. MKS Instruments, Inc. has a twelve month low of $56.37 and a twelve month high of $115.12. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 14.31 and a beta of 1.49.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.25. MKS Instruments had a return on equity of 13.84% and a net margin of 9.10%. The company had revenue of $462.45 million for the quarter, compared to analysts’ expectations of $442.90 million. During the same period in the prior year, the firm earned $1.88 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, research analysts forecast that MKS Instruments, Inc. will post 4.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, November 22nd. MKS Instruments’s dividend payout ratio is currently 10.22%.
A number of research firms recently commented on MKSI. ValuEngine cut MKS Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Benchmark restated a “buy” rating and set a $120.00 price target on shares of MKS Instruments in a research note on Friday, October 25th. Cowen upped their price target on MKS Instruments from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. DA Davidson upped their price target on MKS Instruments to $125.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Zacks Investment Research cut MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price target on the stock. in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $119.88.
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.
Featured Story: Profit Margin
Receive News & Ratings for MKS Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments and related companies with MarketBeat.com's FREE daily email newsletter.