MKS Instruments, Inc. (MKSI) Shares Bought by Affinity Wealth Management
Affinity Wealth Management raised its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 123.7% during the first quarter, Holdings Channel reports. The institutional investor owned 7,801 shares of the scientific and technical instruments company’s stock after buying an additional 4,313 shares during the period. MKS Instruments makes up approximately 0.3% of Affinity Wealth Management’s portfolio, making the stock its 22nd largest position. Affinity Wealth Management’s holdings in MKS Instruments were worth $536,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in MKSI. Tyers Asset Management LLC acquired a new stake in shares of MKS Instruments during the fourth quarter valued at $115,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of MKS Instruments during the fourth quarter valued at $138,000. Elkfork Partners LLC acquired a new stake in shares of MKS Instruments during the fourth quarter valued at $158,000. Advisor Group Inc. increased its stake in shares of MKS Instruments by 213.5% in the third quarter. Advisor Group Inc. now owns 2,737 shares of the scientific and technical instruments company’s stock valued at $136,000 after buying an additional 1,864 shares in the last quarter. Finally, Robecosam AG acquired a new stake in shares of MKS Instruments during the third quarter valued at $141,000.
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) traded down 0.23% during mid-day trading on Tuesday, hitting $66.05. The company had a trading volume of 129,993 shares. The company has a market capitalization of $3.56 billion, a PE ratio of 34.05 and a beta of 1.03. The company’s 50-day moving average is $67.24 and its 200 day moving average is $60.30. MKS Instruments, Inc. has a one year low of $35.02 and a one year high of $70.40.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Thursday, February 2nd. The scientific and technical instruments company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The firm had revenue of $405 million for the quarter, compared to analyst estimates of $395 million. MKS Instruments had a return on equity of 13.63% and a net margin of 8.09%. The business’s revenue was up 135.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. On average, equities research analysts forecast that MKS Instruments, Inc. will post $4.16 EPS for the current fiscal year.
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Separately, Dougherty & Co upgraded MKS Instruments from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, January 24th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. MKS Instruments presently has a consensus rating of “Buy” and an average price target of $63.75.
In other MKS Instruments news, CEO Gerard G. Colella sold 10,000 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $68.61, for a total value of $686,100.00. Following the sale, the chief executive officer now directly owns 63,797 shares in the company, valued at $4,377,112.17. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brian Charles Quirk sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $66.60, for a total value of $66,600.00. Following the completion of the sale, the vice president now owns 9,210 shares in the company, valued at $613,386. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,000 shares of company stock worth $3,657,418. Corporate insiders own 1.60% of the company’s stock.
MKS Instruments Company Profile
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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