Nationwide Fund Advisors boosted its stake in shares of MKS Instruments Inc. (NASDAQ:MKSI) by 20.9% during the second quarter, Holdings Channel reports. The firm owned 97,201 shares of the company’s stock after buying an additional 16,812 shares during the period. Nationwide Fund Advisors owned approximately 0.18% of MKS Instruments worth $4,185,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Glenmede Trust Co. NA raised its stake in MKS Instruments by 5.3% in the first quarter. Glenmede Trust Co. NA now owns 13,765 shares of the company’s stock valued at $518,000 after buying an additional 696 shares during the period. Capstone Asset Management Co. raised its stake in MKS Instruments by 4.9% in the second quarter. Capstone Asset Management Co. now owns 15,949 shares of the company’s stock valued at $687,000 after buying an additional 740 shares during the period. GHP Investment Advisors Inc. raised its stake in MKS Instruments by 3.8% in the second quarter. GHP Investment Advisors Inc. now owns 31,900 shares of the company’s stock valued at $1,374,000 after buying an additional 1,158 shares during the period. Strs Ohio raised its stake in MKS Instruments by 43.8% in the second quarter. Strs Ohio now owns 4,600 shares of the company’s stock valued at $198,000 after buying an additional 1,400 shares during the period. Finally, BlackRock Inc. raised its stake in MKS Instruments by 131.5% in the first quarter. BlackRock Inc. now owns 3,664 shares of the company’s stock valued at $137,000 after buying an additional 2,081 shares during the period. 99.16% of the stock is currently owned by institutional investors.
Shares of MKS Instruments Inc. (NASDAQ:MKSI) traded down 1.27% during mid-day trading on Monday, hitting $49.10. The stock had a trading volume of 112,593 shares. MKS Instruments Inc. has a 12-month low of $29.00 and a 12-month high of $54.73. The firm has a market cap of $2.63 billion, a P/E ratio of 32.11 and a beta of 1.18. The company has a 50 day moving average price of $48.31 and a 200 day moving average price of $42.40.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.24. The firm had revenue of $325.90 million for the quarter, compared to the consensus estimate of $288.62 million. MKS Instruments had a return on equity of 9.33% and a net margin of 9.21%. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. Equities analysts forecast that MKS Instruments Inc. will post $2.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 25th. MKS Instruments’s payout ratio is currently 44.16%.
Several research firms have weighed in on MKSI. Zacks Investment Research lowered MKS Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, June 13th. Dougherty & Co reissued a “buy” rating and issued a $46.00 target price (up previously from $45.00) on shares of MKS Instruments in a report on Monday, June 13th. Finally, Pacific Crest reissued a “buy” rating on shares of MKS Instruments in a report on Monday, July 11th.
In other MKS Instruments news, VP John Tseng-Chung Lee sold 9,955 shares of MKS Instruments stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $46.36, for a total transaction of $461,513.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of MKS Instruments stock in a transaction on Monday, August 1st. The shares were sold at an average price of $45.71, for a total value of $228,550.00. Following the sale, the chief executive officer now directly owns 42,900 shares in the company, valued at approximately $1,960,959. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
MKS Instruments Company Profile
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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