Renaissance Technologies LLC lifted its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 15.5% during the 4th quarter, HoldingsChannel reports. The firm owned 685,300 shares of the scientific and technical instruments company’s stock after purchasing an additional 92,048 shares during the quarter. Renaissance Technologies LLC’s holdings in MKS Instruments were worth $64,761,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. OxFORD Asset Management LLP bought a new position in MKS Instruments in the third quarter worth approximately $570,000. Prudential Financial Inc. boosted its holdings in MKS Instruments by 237.7% in the third quarter. Prudential Financial Inc. now owns 360,782 shares of the scientific and technical instruments company’s stock worth $34,076,000 after acquiring an additional 253,949 shares in the last quarter. Rothschild Asset Management Inc. bought a new position in MKS Instruments in the third quarter worth approximately $24,693,000. Bessemer Group Inc. bought a new position in MKS Instruments in the third quarter worth approximately $331,000. Finally, Columbus Circle Investors boosted its holdings in MKS Instruments by 29.5% in the third quarter. Columbus Circle Investors now owns 388,137 shares of the scientific and technical instruments company’s stock worth $36,660,000 after acquiring an additional 88,425 shares in the last quarter. Institutional investors own 93.92% of the company’s stock.
Shares of MKS Instruments, Inc. (NASDAQ MKSI) opened at $125.15 on Tuesday. The company has a market capitalization of $6,802.82, a P/E ratio of 20.98, a PEG ratio of 1.19 and a beta of 0.93. MKS Instruments, Inc. has a 52 week low of $64.75 and a 52 week high of $128.28. The company has a quick ratio of 3.10, a current ratio of 4.27 and a debt-to-equity ratio of 0.25.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were paid a $0.18 dividend. 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 (DPR) is presently 11.69%.
MKSI has been the topic of several recent research reports. BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Dougherty & Co reissued a “buy” rating on shares of MKS Instruments in a research note on Sunday, February 4th. KeyCorp reissued a “buy” rating on shares of MKS Instruments in a research note on Friday, February 2nd. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $133.00 price objective on shares of MKS Instruments in a research note on Thursday, February 1st. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $116.60.
In related news, Director Elizabeth Mora sold 300 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $111.10, for a total transaction of $33,330.00. Following the completion of the sale, the director now directly owns 15,554 shares of the company’s stock, valued at $1,728,049.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $95.26, for a total value of $476,300.00. Following the sale, the chief executive officer now directly owns 5,025 shares of the company’s stock, valued at $478,681.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,652 shares of company stock valued at $6,362,877. Company insiders own 1.65% of the company’s stock.
MKS Instruments Company 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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