Point72 Asset Management L.P. Purchases 187,710 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

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Point72 Asset Management L.P. grew its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 59.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 502,968 shares of the scientific and technical instruments company’s stock after purchasing an additional 187,710 shares during the quarter. Point72 Asset Management L.P. owned about 0.92% of MKS Instruments worth $39,176,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC increased its position in shares of MKS Instruments by 81.9% in the second quarter. Greenwich Wealth Management LLC now owns 10,308 shares of the scientific and technical instruments company’s stock worth $803,000 after purchasing an additional 4,642 shares during the last quarter. Raymond James & Associates boosted its position in MKS Instruments by 26.0% in the first quarter. Raymond James & Associates now owns 135,513 shares of the scientific and technical instruments company’s stock worth $12,609,000 after purchasing an additional 27,927 shares during the last quarter. Synovus Financial Corp boosted its position in MKS Instruments by 2.4% in the second quarter. Synovus Financial Corp now owns 9,104 shares of the scientific and technical instruments company’s stock worth $710,000 after purchasing an additional 215 shares during the last quarter. Foresters Investment Management Company Inc. boosted its position in MKS Instruments by 7.2% in the second quarter. Foresters Investment Management Company Inc. now owns 100,300 shares of the scientific and technical instruments company’s stock worth $7,812,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Tygh Capital Management Inc. boosted its position in MKS Instruments by 23.2% in the second quarter. Tygh Capital Management Inc. now owns 60,965 shares of the scientific and technical instruments company’s stock worth $4,749,000 after purchasing an additional 11,497 shares during the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.

In other MKS Instruments news, Director Jacqueline F. Moloney sold 603 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $81.98, for a total value of $49,433.94. Following the completion of the sale, the director now directly owns 7,692 shares in the company, valued at approximately $630,590.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.24% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on MKSI shares. Zacks Investment Research cut MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 target price on the stock. in a research report on Thursday, July 25th. BidaskClub raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $112.11.

MKSI traded down $0.71 during trading hours on Friday, reaching $93.00. 338,080 shares of the company’s stock traded hands, compared to its average volume of 458,090. The firm has a 50-day moving average price of $80.97 and a 200 day moving average price of $83.37. MKS Instruments, Inc. has a 52-week low of $56.37 and a 52-week high of $103.86. The company has a quick ratio of 3.12, a current ratio of 4.80 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $5.06 billion, a PE ratio of 11.88, a PEG ratio of 1.92 and a beta of 1.46.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, July 30th. The scientific and technical instruments company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. MKS Instruments had a return on equity of 16.34% and a net margin of 11.41%. The company had revenue of $474.11 million during the quarter, compared to analysts’ expectations of $483.27 million. During the same quarter in the previous year, the business earned $2.33 EPS. MKS Instruments’s revenue was down 17.3% compared to the same quarter last year. Equities analysts predict that MKS Instruments, Inc. will post 4.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Friday, August 23rd. MKS Instruments’s payout ratio is currently 10.22%.

MKS Instruments Profile

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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