Pitcairn Co. reduced its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 4.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,691 shares of the scientific and technical instruments company’s stock after selling 485 shares during the period. Pitcairn Co.’s holdings in MKS Instruments were worth $720,000 as of its most recent SEC filing.

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 position 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 worth $1,758,000 after buying an additional 6,400 shares in the last quarter. Bank of Montreal Can boosted its position 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 worth $311,000 after buying an additional 569 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position 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 worth $1,506,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

MKS Instruments, Inc. (NASDAQ:MKSI) opened at 79.45 on Friday. The stock has a market cap of $4.31 billion, a PE ratio of 16.50 and a beta of 1.07. MKS Instruments, Inc. has a 1-year low of $45.85 and a 1-year high of $88.40. The firm’s 50-day moving average price is $76.75 and its 200 day moving average price is $73.28.

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 research analysts expect that MKS Instruments, Inc. will post $5.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 24th. MKS Instruments’s dividend payout ratio is currently 14.58%.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/13/pitcairn-co-decreases-stake-in-mks-instruments-inc-nasdaqmksi.html.

MKSI has been the topic of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 price target (up previously from $71.00) on shares of MKS Instruments in a research note on Friday, April 28th. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Friday, April 21st. Deutsche Bank AG initiated coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price target on the stock. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $84.00.

In other news, VP Brian Charles Quirk sold 2,000 shares of the firm’s 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 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 legal filing with the SEC, which is available at the SEC website. Also, Director Peter Hanley sold 1,200 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $81.51, for a total value of $97,812.00. Following the sale, the director now directly owns 4,622 shares in the company, valued at approximately $376,739.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,250 shares of company stock worth $580,690. 1.65% of the stock is currently owned by insiders.

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.

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.