Prudential Financial Inc. Has $7.19 Million Holdings in MKS Instruments, Inc. (MKSI)
Prudential Financial Inc. raised its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106,833 shares of the scientific and technical instruments company’s stock after buying an additional 5,990 shares during the period. Prudential Financial Inc. owned 0.20% of MKS Instruments worth $7,190,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of MKSI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MKS Instruments by 47.8% in the 1st 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 during the last quarter. Creative Planning increased its stake in MKS Instruments by 22.8% in the 2nd 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 during the last quarter. Suntrust Banks Inc. purchased a new stake in MKS Instruments in the 1st quarter valued at about $209,000. Piedmont Investment Advisors LLC purchased a new stake in MKS Instruments in the 1st quarter valued at about $221,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in MKS Instruments in the 2nd quarter valued at about $236,000. Hedge funds and other institutional investors own 95.84% of the company’s stock.
In other news, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total transaction of $158,600.00. Following the completion of the transaction, the vice president now directly 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 can be accessed through the SEC website. Also, Director Peter Hanley sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $83.22, for a total transaction of $83,220.00. Following the transaction, the director now directly owns 3,372 shares of the company’s stock, valued at $280,617.84. The disclosure for this sale can be found here. Insiders have sold 11,100 shares of company stock valued at $935,105 over the last three months. 1.65% of the stock is owned by corporate insiders.
Shares of MKS Instruments, Inc. (NASDAQ MKSI) opened at 86.60 on Friday. MKS Instruments, Inc. has a 52 week low of $46.51 and a 52 week high of $88.40. The stock’s 50 day moving average is $81.55 and its 200 day moving average is $75.92. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 17.99 and a beta of 1.08.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data 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 net margin of 15.47% and a return on equity of 19.47%. The firm had revenue of $481.00 million during the quarter, compared to analysts’ expectations of $463.86 million. During the same period in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. On average, equities analysts forecast that MKS Instruments, Inc. will post $5.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, August 24th. This represents a $0.70 annualized dividend and a dividend yield of 0.81%. MKS Instruments’s payout ratio is 14.58%.
Several research firms have commented on MKSI. KeyCorp reiterated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research note on Saturday. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 18th. Stifel Nicolaus restated a “buy” rating and set a $98.00 price target (up previously from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG started coverage on shares of MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 price target for the company. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $86.67.
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MKS Instruments 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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