2,634 Shares in MKS Instruments, Inc. (NASDAQ:MKSI) Purchased by 1492 Capital Management LLC

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1492 Capital Management LLC acquired a new position in MKS Instruments, Inc. (NASDAQ:MKSI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,634 shares of the scientific and technical instruments company’s stock, valued at approximately $245,000.

Several other institutional investors also recently bought and sold shares of MKSI. TIAA CREF Investment Management LLC increased its position in shares of MKS Instruments by 75.3% in the third quarter. TIAA CREF Investment Management LLC now owns 234,376 shares of the scientific and technical instruments company’s stock worth $18,785,000 after acquiring an additional 100,638 shares in the last quarter. Vanguard Group Inc increased its position in shares of MKS Instruments by 0.7% in the third quarter. Vanguard Group Inc now owns 4,970,996 shares of the scientific and technical instruments company’s stock worth $398,425,000 after acquiring an additional 35,168 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of MKS Instruments by 13.5% in the fourth quarter. Advisors Asset Management Inc. now owns 22,037 shares of the scientific and technical instruments company’s stock worth $1,424,000 after acquiring an additional 2,613 shares in the last quarter. Rhumbline Advisers increased its position in shares of MKS Instruments by 25.6% in the fourth quarter. Rhumbline Advisers now owns 145,711 shares of the scientific and technical instruments company’s stock worth $9,414,000 after acquiring an additional 29,738 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of MKS Instruments by 53.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 514 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 178 shares in the last quarter. 95.03% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Susquehanna Bancshares assumed coverage on shares of MKS Instruments in a research report on Wednesday, May 15th. They issued a “positive” rating and a $123.00 price objective for the company. Zacks Investment Research raised shares of MKS Instruments from a “sell” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Tuesday, April 2nd. Cowen reaffirmed an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of MKS Instruments in a report on Tuesday, April 30th. DA Davidson raised their price target on shares of MKS Instruments to $105.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Finally, BidaskClub lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. MKS Instruments presently has an average rating of “Buy” and a consensus target price of $113.44.

MKSI opened at $73.64 on Friday. The firm has a market cap of $4.04 billion, a P/E ratio of 9.40, a PEG ratio of 1.19 and a beta of 1.45. MKS Instruments, Inc. has a twelve month low of $56.37 and a twelve month high of $106.43. The company has a quick ratio of 2.98, a current ratio of 4.59 and a debt-to-equity ratio of 0.51.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.05. The business had revenue of $463.60 million during the quarter, compared to analyst estimates of $460.64 million. MKS Instruments had a net margin of 15.13% and a return on equity of 20.38%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the business earned $2.07 EPS. Equities analysts forecast that MKS Instruments, Inc. will post 5.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 27th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, May 23rd. MKS Instruments’s payout ratio is 10.22%.

In related news, Director Elizabeth Mora sold 400 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $71.93, for a total transaction of $28,772.00. Following the completion of the sale, the director now directly owns 16,618 shares of the company’s stock, valued at approximately $1,195,332.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $75.82, for a total transaction of $379,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,656 shares of company stock valued at $429,852. Company insiders own 1.24% of the company’s stock.

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About MKS Instruments

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.

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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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