Creative Planning raised its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 22.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,239 shares of the scientific and technical instruments company’s stock after buying an additional 416 shares during the period. Creative Planning’s holdings in MKS Instruments were worth $151,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. FMR LLC boosted its stake in shares of MKS Instruments by 54.8% in the fourth quarter. FMR LLC now owns 21,893 shares of the scientific and technical instruments company’s stock valued at $1,300,000 after buying an additional 7,750 shares during the period. Teachers Advisors LLC boosted its stake in shares of MKS Instruments by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 87,991 shares of the scientific and technical instruments company’s stock valued at $5,227,000 after buying an additional 2,236 shares during the period. Macquarie Group Ltd. boosted its stake in shares of MKS Instruments by 27.6% in the fourth quarter. Macquarie Group Ltd. now owns 29,600 shares of the scientific and technical instruments company’s stock valued at $1,758,000 after buying an additional 6,400 shares during the period. Bank of Montreal Can boosted its stake in shares of MKS Instruments by 14.4% in the first quarter. Bank of Montreal Can now owns 4,527 shares of the scientific and technical instruments company’s stock valued at $311,000 after buying an additional 569 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of MKS Instruments by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the scientific and technical instruments company’s stock valued at $1,506,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Shares of MKS Instruments, Inc. (MKSI) traded up 2.1509% during trading on Friday, reaching $78.8605. The company had a trading volume of 103,471 shares. MKS Instruments, Inc. has a 52-week low of $45.85 and a 52-week high of $88.40. The company has a 50 day moving average of $76.54 and a 200-day moving average of $73.16. The firm has a market capitalization of $4.28 billion, a P/E ratio of 16.3815 and a beta of 1.07.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 28th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s payout ratio is 14.58%.

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Several equities research analysts have commented on MKSI shares. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Friday, April 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 price target (up from $71.00) on shares of MKS Instruments in a research report on Friday, April 28th. Dougherty & Co reissued a “buy” rating and issued a $100.00 price target (up previously from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Seven research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $84.00.

In other MKS Instruments news, Director Peter Hanley sold 1,000 shares of the 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 transaction, the director now owns 3,372 shares of the company’s stock, valued at $280,617.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gerard G. Colella sold 2,500 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $79.30, for a total value of $198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 5,025 shares in the company, valued at approximately $398,482.50. The disclosure for this sale can be found here. Insiders sold 7,250 shares of company stock worth $580,690 in the last three months. 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.

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

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