United Services Automobile Association lifted its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 37.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,895 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,798 shares during the quarter. United Services Automobile Association’s holdings in MKS Instruments were worth $2,382,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of MKS Instruments by 38.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,393,902 shares of the scientific and technical instruments company’s stock worth $133,396,000 after acquiring an additional 385,102 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of MKS Instruments by 5.3% in the 2nd quarter. Royce & Associates LP now owns 1,000,897 shares of the scientific and technical instruments company’s stock worth $95,786,000 after acquiring an additional 50,368 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of MKS Instruments by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 930,267 shares of the scientific and technical instruments company’s stock worth $89,028,000 after acquiring an additional 16,878 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of MKS Instruments by 26.4% in the 1st quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock worth $103,804,000 after acquiring an additional 187,491 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of MKS Instruments by 2,397.4% in the 2nd quarter. Millennium Management LLC now owns 531,926 shares of the scientific and technical instruments company’s stock worth $50,905,000 after acquiring an additional 510,627 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.
In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $92.50, for a total value of $34,687.50. Following the sale, the director now directly owns 15,787 shares of the company’s stock, valued at approximately $1,460,297.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.67% of the company’s stock.
MKS Instruments stock traded down $2.43 during mid-day trading on Friday, reaching $72.69. 339,746 shares of the company’s stock were exchanged, compared to its average volume of 614,791. The firm has a market cap of $4.16 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.81 and a beta of 0.88. MKS Instruments, Inc. has a twelve month low of $67.83 and a twelve month high of $128.28. The company has a quick ratio of 3.86, a current ratio of 5.38 and a debt-to-equity ratio of 0.19.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.16. MKS Instruments had a net margin of 18.76% and a return on equity of 25.57%. The company had revenue of $487.00 million for the quarter, compared to analyst estimates of $492.88 million. During the same period in the prior year, the business earned $1.56 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that MKS Instruments, Inc. will post 7.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, November 23rd. MKS Instruments’s dividend payout ratio is presently 13.42%.
Several brokerages have recently commented on MKSI. BidaskClub lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Citigroup reduced their target price on shares of MKS Instruments from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, July 13th. KeyCorp reiterated a “buy” rating and set a $135.00 target price on shares of MKS Instruments in a report on Thursday, July 26th. ValuEngine lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Finally, Benchmark reiterated a “buy” rating and set a $125.00 target price on shares of MKS Instruments in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $118.00.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
Featured Article: What does earnings per share mean?
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.