Mason Street Advisors LLC bought a new stake in shares of MKS Instruments Inc. (NASDAQ:MKSI) during the second quarter, Holdings Channel reports. The fund bought 10,433 shares of the company’s stock, valued at approximately $449,000.
Several other institutional investors have also recently bought and sold shares of the stock. Mesirow Financial Investment Management Equity Management boosted its position in MKS Instruments by 1,064.2% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 506,010 shares of the company’s stock valued at $21,788,000 after buying an additional 462,547 shares in the last quarter. Wellington Management Group LLP boosted its position in MKS Instruments by 23.7% in the first quarter. Wellington Management Group LLP now owns 1,976,633 shares of the company’s stock valued at $74,420,000 after buying an additional 378,100 shares in the last quarter. Neuberger Berman Group LLC boosted its position in MKS Instruments by 39.3% in the second quarter. Neuberger Berman Group LLC now owns 1,296,952 shares of the company’s stock valued at $55,847,000 after buying an additional 365,802 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in MKS Instruments by 23.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,786,097 shares of the company’s stock valued at $76,910,000 after buying an additional 339,591 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in MKS Instruments during the second quarter valued at about $10,173,000. Hedge funds and other institutional investors own 99.16% of the company’s stock.
MKS Instruments Inc. (NASDAQ:MKSI) opened at 48.55 on Wednesday. MKS Instruments Inc. has a 52-week low of $29.00 and a 52-week high of $54.73. The firm’s 50-day moving average is $48.40 and its 200-day moving average is $42.69. The firm has a market capitalization of $2.60 billion, a PE ratio of 31.75 and a beta of 1.18.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.24. MKS Instruments had a net margin of 9.21% and a return on equity of 9.33%. The company had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $288.62 million. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. On average, analysts anticipate that MKS Instruments Inc. will post $2.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 29th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.40%. MKS Instruments’s dividend payout ratio (DPR) is presently 44.16%.
Several equities analysts recently issued reports on MKSI shares. Pacific Crest reiterated a “buy” rating on shares of MKS Instruments in a research note on Monday, July 11th. Dougherty & Co cut shares of MKS Instruments from a “buy” rating to a “neutral” rating in a research report on Thursday, July 28th. Finally, Zacks Investment Research cut shares of MKS Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 27th.
In other news, VP Seth H. Bagshaw sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $47.43, for a total transaction of $711,450.00. Following the transaction, the vice president now directly owns 29,302 shares in the company, valued at $1,389,793.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian Charles Quirk sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $45.17, for a total transaction of $45,170.00. Following the transaction, the vice president now owns 12,210 shares in the company, valued at $551,525.70. The disclosure for this sale can be found here. 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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