Louisiana State Employees Retirement System maintained its position in MKS Instruments Inc. (NASDAQ:MKSI) during the second quarter, Holdings Channel reports. The fund owned 23,600 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in MKS Instruments were worth $1,016,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Menta Capital LLC purchased a new position in MKS Instruments during the first quarter valued at approximately $516,000. TimesSquare Capital Management LLC raised its position in MKS Instruments by 3.1% in the first quarter. TimesSquare Capital Management LLC now owns 2,146,280 shares of the company’s stock valued at $80,807,000 after buying an additional 65,130 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised 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 valued at $50,073,000 after buying an additional 11,870 shares in the last quarter. BlackRock Group LTD raised its position in MKS Instruments by 14.3% in the first quarter. BlackRock Group LTD now owns 71,139 shares of the company’s stock valued at $2,677,000 after buying an additional 8,883 shares in the last quarter. Finally, BlackRock Inc. raised its position in MKS Instruments by 131.5% in the first quarter. BlackRock Inc. now owns 3,664 shares of the company’s stock valued at $137,000 after buying an additional 2,081 shares in the last quarter. 99.16% of the stock is currently owned by hedge funds and other institutional investors.
MKS Instruments Inc. (NASDAQ:MKSI) traded up 0.91% during midday trading on Friday, hitting $49.73. 849,630 shares of the stock were exchanged. MKS Instruments Inc. has a 1-year low of $29.00 and a 1-year high of $54.73. The company’s 50 day moving average is $48.31 and its 200 day moving average is $42.40. The company has a market capitalization of $2.66 billion, a P/E ratio of 32.52 and a beta of 1.17.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.24. The company 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 firm’s quarterly revenue was up 49.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Analysts predict that MKS Instruments Inc. will post $2.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 29th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, August 25th. MKS Instruments’s dividend payout ratio (DPR) is currently 44.16%.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of MKS Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. Dougherty & Co lowered shares of MKS Instruments from a “buy” rating to a “neutral” rating in a report on Thursday, July 28th. Finally, Pacific Crest reissued a “buy” rating on shares of MKS Instruments in a report on Friday, July 29th.
In other MKS Instruments news, VP Seth H. Bagshaw sold 15,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $47.43, for a total transaction of $711,450.00. Following the sale, the vice president now directly owns 29,302 shares of the company’s stock, valued at $1,389,793.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $45.71, for a total transaction of $228,550.00. Following the sale, the chief executive officer now directly owns 42,900 shares in the company, valued at $1,960,959. 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.
Want to see what other hedge funds are holding MKSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MKS Instruments Inc. (NASDAQ:MKSI).
Receive News & Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.