Wells Fargo & Company MN decreased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 40.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,771 shares of the scientific and technical instruments company’s stock after selling 72,483 shares during the quarter. Wells Fargo & Company MN owned about 0.20% of MKS Instruments worth $8,316,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Municipal Employees Retirement System of Michigan increased its stake in MKS Instruments by 1.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,020 shares of the scientific and technical instruments company’s stock valued at $780,000 after purchasing an additional 180 shares in the last quarter. First National Bank of Hutchinson increased its stake in MKS Instruments by 7.3% during the 2nd quarter. First National Bank of Hutchinson now owns 4,036 shares of the scientific and technical instruments company’s stock valued at $355,000 after purchasing an additional 273 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in MKS Instruments by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,889 shares of the scientific and technical instruments company’s stock valued at $1,705,000 after purchasing an additional 310 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of MKS Instruments by 0.7% in the first quarter. Great West Life Assurance Co. Can now owns 47,879 shares of the scientific and technical instruments company’s stock worth $4,446,000 after acquiring an additional 351 shares during the period. Finally, AlphaOne Investment Services LLC acquired a new stake in shares of MKS Instruments in the first quarter worth $45,000. Institutional investors and hedge funds own 96.95% of the company’s stock.
A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price objective on the stock. in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. MKS Instruments currently has a consensus rating of “Buy” and a consensus price target of $112.11.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, July 30th. The scientific and technical instruments company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. The firm had revenue of $474.11 million for the quarter, compared to analyst estimates of $483.27 million. MKS Instruments had a net margin of 11.41% and a return on equity of 16.34%. The business’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.33 earnings per share. Sell-side analysts anticipate that MKS Instruments, Inc. will post 4.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.85%. MKS Instruments’s payout ratio is currently 10.22%.
In related news, Director Jacqueline F. Moloney sold 603 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $81.98, for a total transaction of $49,433.94. Following the sale, the director now owns 7,692 shares in the company, valued at $630,590.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.24% of the stock is owned by corporate insiders.
MKS Instruments 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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