Empirical Finance LLC Invests $1.32 Million in MKS Instruments, Inc. (MKSI)

Empirical Finance LLC acquired a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 16,469 shares of the scientific and technical instruments company’s stock, valued at approximately $1,320,000.

Other institutional investors have also made changes to their positions in the company. Paloma Partners Management Co boosted its stake in shares of MKS Instruments by 1,269.2% in the 2nd quarter. Paloma Partners Management Co now owns 153,876 shares of the scientific and technical instruments company’s stock valued at $14,725,000 after purchasing an additional 142,638 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of MKS Instruments by 36.9% in the 2nd quarter. Systematic Financial Management LP now owns 224,346 shares of the scientific and technical instruments company’s stock valued at $21,470,000 after purchasing an additional 60,431 shares in the last quarter. Intrust Bank NA boosted its stake in shares of MKS Instruments by 14.4% in the 2nd quarter. Intrust Bank NA now owns 5,641 shares of the scientific and technical instruments company’s stock valued at $540,000 after purchasing an additional 712 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of MKS Instruments by 38.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,393,902 shares of the scientific and technical instruments company’s stock valued at $133,396,000 after purchasing an additional 385,102 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of MKS Instruments by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 37,964 shares of the scientific and technical instruments company’s stock valued at $3,633,000 after purchasing an additional 1,083 shares in the last quarter. 91.20% of the stock is owned by institutional investors.

Shares of MKSI opened at $75.93 on Friday. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.81 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.03 and a quick ratio of 3.66. MKS Instruments, Inc. has a twelve month low of $73.11 and a twelve month high of $128.28.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.11. The business had revenue of $573.14 million during the quarter, compared to analysts’ expectations of $567.99 million. MKS Instruments had a net margin of 17.95% and a return on equity of 25.69%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 EPS. As a group, equities research analysts forecast that MKS Instruments, Inc. will post 8.01 EPS for the current fiscal year.

In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $92.50, for a total transaction of $34,687.50. Following the completion of the sale, the director now owns 15,787 shares of the company’s stock, valued at approximately $1,460,297.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Hanley sold 1,240 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $94.39, for a total transaction of $117,043.60. Following the completion of the transaction, the director now owns 1,501 shares of the company’s stock, valued at $141,679.39. The disclosure for this sale can be found here. Corporate insiders own 1.67% of the company’s stock.

MKSI has been the subject of a number of research reports. Zacks Investment Research cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Citigroup dropped their price target on shares of MKS Instruments from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Tuesday, September 25th. ValuEngine cut shares of MKS Instruments from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 12th. BidaskClub cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, KeyCorp reissued a “buy” rating and set a $135.00 price target on shares of MKS Instruments in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. MKS Instruments currently has an average rating of “Hold” and a consensus target price of $127.75.

About MKS Instruments

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.

See Also: Dividend

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

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