Principal Financial Group Inc. Purchases 8,532 Shares of MKS Instruments Inc. (MKSI)
Principal Financial Group Inc. boosted its stake in MKS Instruments Inc. (NASDAQ:MKSI) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 385,163 shares of the company’s stock after buying an additional 8,532 shares during the period. Principal Financial Group Inc. owned 0.72% of MKS Instruments worth $16,585,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Mesirow Financial Investment Management Equity Management raised its stake 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 raised its position in 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 during the period. Neuberger Berman Group LLC raised its position in 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 during the period. Eagle Asset Management Inc. bought a new position in MKS Instruments during the second quarter valued at $10,173,000. Finally, Teachers Advisors Inc. raised its position in 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 during the period. Institutional investors and hedge funds own 99.16% of the company’s stock.
MKS Instruments Inc. (NASDAQ:MKSI) traded down 0.63% during trading on Thursday, hitting $49.12. The stock had a trading volume of 13,223 shares. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 32.13 and a beta of 1.18. The stock has a 50 day moving average price of $48.47 and a 200 day moving average price of $42.74. MKS Instruments Inc. has a 12-month low of $29.00 and a 12-month high of $54.73.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.24. MKS Instruments had a net margin of 9.21% and a return on equity of 9.33%. The business earned $325.90 million during the quarter, compared to the consensus estimate of $288.62 million. During the same quarter last year, the firm earned $0.62 earnings per share. MKS Instruments’s quarterly revenue was up 49.5% on a year-over-year basis. Equities research analysts forecast that MKS Instruments Inc. will post $2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, August 25th. MKS Instruments’s dividend payout ratio is presently 44.16%.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered MKS Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. Pacific Crest restated a “buy” rating on shares of MKS Instruments in a report on Friday, July 29th. Finally, Dougherty & Co lowered MKS Instruments from a “buy” rating to a “neutral” rating in a report on Thursday, July 28th.
In related news, VP John Tseng-Chung Lee sold 9,955 shares of MKS Instruments stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $46.36, for a total transaction of $461,513.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian Charles Quirk sold 1,000 shares of MKS Instruments stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $45.17, for a total transaction of $45,170.00. Following the transaction, the vice president now directly owns 12,210 shares of the company’s stock, valued at approximately $551,525.70. The disclosure for this sale can be found here. Corporate 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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