MKS Instruments Inc. (MKSI) Stake Boosted by Neuberger Berman Group LLC
Neuberger Berman Group LLC raised its stake in MKS Instruments Inc. (NASDAQ:MKSI) by 2.9% during the third quarter, Holdings Channel reports. The fund owned 1,335,183 shares of the company’s stock after buying an additional 38,231 shares during the period. Neuberger Berman Group LLC’s holdings in MKS Instruments were worth $66,399,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of MKS Instruments by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,843 shares of the company’s stock valued at $122,000 after buying an additional 219 shares during the last quarter. Simplex Trading LLC raised its stake in MKS Instruments by 464.9% in the third quarter. Simplex Trading LLC now owns 2,830 shares of the company’s stock valued at $140,000 after buying an additional 2,329 shares during the last quarter. Bank of Montreal Can purchased a new stake in MKS Instruments during the second quarter valued at approximately $167,000. Strs Ohio raised its stake in MKS Instruments by 43.8% in the second quarter. Strs Ohio now owns 4,600 shares of the company’s stock valued at $198,000 after buying an additional 1,400 shares during the last quarter. Finally, RiverPoint Capital Management LLC purchased a new stake in MKS Instruments during the second quarter valued at approximately $201,000. Institutional investors own 99.16% of the company’s stock.
MKS Instruments Inc. (NASDAQ:MKSI) opened at 58.25 on Wednesday. MKS Instruments Inc. has a 12 month low of $30.67 and a 12 month high of $58.15. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 37.13 and a beta of 0.98. The company has a 50 day moving average of $51.43 and a 200 day moving average of $46.62.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, October 26th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.11. The company earned $380.66 million during the quarter, compared to the consensus estimate of $370.13 million. MKS Instruments had a return on equity of 10.58% and a net margin of 7.98%. MKS Instruments’s revenue was up 81.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. On average, equities analysts predict that MKS Instruments Inc. will post $2.93 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 28th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 23rd. MKS Instruments’s dividend payout ratio is currently 43.04%.
MKSI has been the subject of several analyst reports. Zacks Investment Research lowered shares of MKS Instruments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Citigroup Inc. initiated coverage on shares of MKS Instruments in a research report on Wednesday, October 12th. They set a “buy” rating and a $59.00 price target for the company. Finally, Stifel Nicolaus increased their price target on shares of MKS Instruments from $54.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 23rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $54.40.
In related news, Director Robert R. Anderson sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $56.76, for a total value of $141,900.00. Following the completion of the transaction, the director now directly owns 20,128 shares of the company’s stock, valued at $1,142,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $47.11, for a total value of $235,550.00. Following the completion of the transaction, the chief executive officer now directly owns 37,900 shares of the company’s stock, valued at $1,785,469. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
About MKS Instruments
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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