Schroder Investment Management Group purchased a new position in shares of MKS Instruments Inc. (NASDAQ:MKSI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,000 shares of the company’s stock, valued at approximately $258,000.
Several other large investors have also added to or reduced their stakes in the stock. Mesirow Financial Investment Management Equity Management increased its position in shares of MKS Instruments by 1,064.2% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 506,010 shares of the company’s stock valued at $21,788,000 after buying an additional 462,547 shares in the last quarter. Wellington Management Group LLP increased its position in shares of MKS Instruments by 23.7% in the first quarter. Wellington Management Group LLP now owns 1,976,633 shares of the company’s stock valued at $74,420,000 after buying an additional 378,100 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of MKS Instruments by 39.3% in the second quarter. Neuberger Berman Group LLC now owns 1,296,952 shares of the company’s stock valued at $55,847,000 after buying an additional 365,802 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of MKS Instruments during the second quarter valued at approximately $10,173,000. Finally, Teachers Advisors Inc. increased its position in shares of MKS Instruments by 176.8% in the first quarter. Teachers Advisors Inc. now owns 360,969 shares of the company’s stock valued at $13,590,000 after buying an additional 230,541 shares in the last quarter. Institutional investors own 99.16% of the company’s stock.
Shares of MKS Instruments Inc. (NASDAQ:MKSI) traded up 0.53% on Wednesday, hitting $49.76. 66,072 shares of the stock traded hands. The firm has a market cap of $2.67 billion, a P/E ratio of 32.54 and a beta of 1.17. The stock has a 50-day moving average price of $48.05 and a 200 day moving average price of $42.18. MKS Instruments Inc. has a 52 week low of $29.00 and a 52 week high of $54.73.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.24. MKS Instruments had a net margin of 9.21% and a return on equity of 9.33%. The firm earned $325.90 million during the quarter, compared to the consensus estimate of $288.62 million. During the same period in the prior year, the firm earned $0.62 EPS. The company’s revenue was up 49.5% compared to the same quarter last year. Equities research analysts predict that MKS Instruments Inc. will post $2.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 29th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 25th. MKS Instruments’s dividend payout ratio is currently 44.16%.
Several brokerages have commented on MKSI. Zacks Investment Research downgraded shares of MKS Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Dougherty & Co downgraded shares of MKS Instruments from a “buy” rating to a “neutral” rating in a research report on Thursday, July 28th. Finally, Pacific Crest restated a “buy” rating on shares of MKS Instruments in a research report on Friday, July 29th.
In related news, VP John Tseng-Chung Lee sold 9,955 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $46.36, for a total value of $461,513.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Seth H. Bagshaw sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was 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 of the company’s stock, valued at $1,389,793.86. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
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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