Swiss National Bank raised its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 1.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 98,300 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,400 shares during the period. Swiss National Bank’s holdings in MKS Instruments were worth $9,147,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System grew its stake in shares of MKS Instruments by 0.4% during the 1st quarter. Arizona State Retirement System now owns 38,917 shares of the scientific and technical instruments company’s stock valued at $3,621,000 after buying an additional 169 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of MKS Instruments by 53.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 514 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 178 shares during the period. Malaga Cove Capital LLC grew its stake in shares of MKS Instruments by 2.2% during the 1st quarter. Malaga Cove Capital LLC now owns 8,501 shares of the scientific and technical instruments company’s stock valued at $791,000 after buying an additional 182 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of MKS Instruments by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the scientific and technical instruments company’s stock valued at $1,349,000 after buying an additional 200 shares during the period. Finally, Penserra Capital Management LLC grew its stake in shares of MKS Instruments by 89.8% during the 4th quarter. Penserra Capital Management LLC now owns 672 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 318 shares during the period. Institutional investors own 95.03% of the company’s stock.
MKSI has been the subject of several research reports. ValuEngine cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. DA Davidson boosted their price objective on shares of MKS Instruments to $105.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Benchmark upped their price target on shares of MKS Instruments from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, March 29th. They noted that the move was a valuation call. Stifel Nicolaus upped their price target on shares of MKS Instruments from $100.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Zacks Investment Research raised shares of MKS Instruments from a “sell” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $113.44.
NASDAQ:MKSI opened at $73.64 on Friday. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 1.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.59 and a quick ratio of 2.98. MKS Instruments, Inc. has a 1-year low of $56.37 and a 1-year high of $106.43.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $463.60 million for the quarter, compared to analyst estimates of $460.64 million. MKS Instruments had a net margin of 15.13% and a return on equity of 20.38%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.07 EPS. As a group, sell-side analysts expect that MKS Instruments, Inc. will post 5.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 27th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. MKS Instruments’s dividend payout ratio (DPR) is presently 10.22%.
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MKS Instruments Company 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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