Pictet Asset Management Ltd. cut its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 10.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,679 shares of the scientific and technical instruments company’s stock after selling 34,261 shares during the period. Pictet Asset Management Ltd.’s holdings in MKS Instruments were worth $24,254,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 712 shares in the last quarter. Creative Planning increased its position in shares of MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 416 shares in the last quarter. Suntrust Banks Inc. acquired a new position in shares of MKS Instruments during the first quarter valued at approximately $209,000. Piedmont Investment Advisors LLC acquired a new position in shares of MKS Instruments during the first quarter valued at approximately $221,000. Finally, Intrust Bank NA acquired a new position in shares of MKS Instruments during the first quarter valued at approximately $228,000. 98.31% of the stock is currently owned by institutional investors.

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

MKS Instruments (NASDAQ:MKSI) last announced its 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. The company had revenue of $481 million for the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. On average, analysts expect that MKS Instruments, Inc. will post $5.42 earnings per share for the current year.

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

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Several research analysts have commented on the company. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 price target (up from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Friday, April 21st. Dougherty & Co restated a “buy” rating and set a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a research report on Friday, April 28th. Finally, ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $84.00.

In other news, CEO Gerard G. Colella sold 2,500 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $79.30, for a total transaction of $198,250.00. Following the transaction, the chief executive officer now owns 5,025 shares in the company, valued at $398,482.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the transaction, the vice president now owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,250 shares of company stock worth $580,690. 1.65% of the stock is owned by corporate insiders.

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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