JPMorgan Chase & Co. raised its position in shares of MKS Instruments Inc. (NASDAQ:MKSI) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 670,812 shares of the company’s stock after buying an additional 65,123 shares during the period. JPMorgan Chase & Co. owned about 1.25% of MKS Instruments worth $28,886,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP increased 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 worth $74,420,000 after buying an additional 378,100 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in MKS Instruments by 12.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,446,506 shares of the company’s stock worth $54,461,000 after buying an additional 157,562 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in MKS Instruments by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,329,966 shares of the company’s stock worth $50,073,000 after buying an additional 11,870 shares in the last quarter. Goldman Sachs Group Inc. increased its position in MKS Instruments by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,292,192 shares of the company’s stock worth $48,651,000 after buying an additional 6,656 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in MKS Instruments by 384.8% in the second quarter. GSA Capital Partners LLP now owns 38,302 shares of the company’s stock worth $1,649,000 after buying an additional 30,402 shares in the last quarter. Institutional investors own 99.16% of the company’s stock.
Shares of MKS Instruments Inc. (NASDAQ:MKSI) traded up 0.69% on Wednesday, hitting $48.30. 99,864 shares of the company’s stock were exchanged. MKS Instruments Inc. has a 12-month low of $29.00 and a 12-month high of $54.73. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 31.59 and a beta of 1.17. The company’s 50-day moving average price is $47.62 and its 200 day moving average price is $41.63.
MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Zacks’ 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 net margin of 9.21% and a return on equity of 9.33%. The company’s revenue was up 49.5% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. On average, equities analysts predict that MKS Instruments Inc. will post $2.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 29th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, August 25th. MKS Instruments’s dividend payout ratio (DPR) is 44.16%.
MKSI has been the subject of a number of research reports. Dougherty & Co boosted their target price on shares of MKS Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 23rd. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, June 28th. Finally, Pacific Crest reiterated a “buy” rating on shares of MKS Instruments in a research report on Friday, July 29th.
In related news, CEO Gerard G. Colella sold 5,000 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $47.11, for a total value of $235,550.00. Following the transaction, the chief executive officer now directly owns 37,900 shares of the company’s stock, valued at approximately $1,785,469. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Seth H. Bagshaw sold 15,000 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 29,302 shares in the company, valued at $1,389,793.86. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
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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