Monarch Partners Asset Management LLC bought a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 144,320 shares of the scientific and technical instruments company’s stock, valued at approximately $9,713,000.

Other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position in MKS Instruments by 0.5% in the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 19 shares in the last quarter. Miles Capital Inc. boosted its position in MKS Instruments by 1.8% in the first quarter. Miles Capital Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock valued at $247,000 after buying an additional 62 shares in the last quarter. World Asset Management Inc boosted its position in MKS Instruments by 2.0% in the first quarter. World Asset Management Inc now owns 3,443 shares of the scientific and technical instruments company’s stock valued at $237,000 after buying an additional 68 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in MKS Instruments by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the scientific and technical instruments company’s stock valued at $839,000 after buying an additional 70 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in MKS Instruments by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the scientific and technical instruments company’s stock valued at $1,481,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

MKS Instruments, Inc. (NASDAQ:MKSI) opened at 77.20 on Friday. The company has a market cap of $4.19 billion, a PE ratio of 16.04 and a beta of 1.07. The stock has a 50 day moving average of $76.54 and a 200 day moving average of $73.16. MKS Instruments, Inc. has a 52 week low of $45.85 and a 52 week high of $88.40.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business had revenue of $481 million for the quarter, compared to analyst estimates of $463.86 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was up 47.6% on a year-over-year basis. Equities research analysts predict that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is 14.58%.

WARNING: “144,320 Shares in MKS Instruments, Inc. (MKSI) Acquired by Monarch Partners Asset Management LLC” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/11/144320-shares-in-mks-instruments-inc-mksi-acquired-by-monarch-partners-asset-management-llc.html.

Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Friday, April 21st. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and set a $98.00 target price (up previously from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Finally, Deutsche Bank AG assumed coverage on shares of MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 target price on the stock. Seven research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $84.00.

In related news, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total transaction of $158,600.00. Following the completion of the sale, the vice president now owns 15,785 shares of the company’s stock, valued at $1,251,750.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $83.22, for a total value of $83,220.00. Following the sale, the director now directly owns 3,372 shares of the company’s stock, valued at approximately $280,617.84. The disclosure for this sale can be found here. Insiders have sold 7,250 shares of company stock valued at $580,690 in the last ninety days. Corporate insiders own 1.65% of the company’s stock.

About MKS Instruments

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.

Want to see what other hedge funds are holding MKSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MKS Instruments, Inc. (NASDAQ:MKSI).

Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

Receive News & Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.