Federated Investors Inc. PA reduced its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 97.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,907 shares of the scientific and technical instruments company’s stock after selling 132,844 shares during the quarter. Federated Investors Inc. PA’s holdings in MKS Instruments were worth $196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of MKS Instruments by 0.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 30,847 shares of the scientific and technical instruments company’s stock worth $2,076,000 after acquiring an additional 210 shares during the period. Redwood Investments LLC boosted its stake in shares of MKS Instruments by 10.7% during the 2nd quarter. Redwood Investments LLC now owns 142,209 shares of the scientific and technical instruments company’s stock worth $9,571,000 after acquiring an additional 13,783 shares during the period. Marshall Wace North America L.P. bought a new position in shares of MKS Instruments during the 2nd quarter worth approximately $1,751,000. BNP Paribas Arbitrage SA boosted its stake in shares of MKS Instruments by 361.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 51,456 shares of the scientific and technical instruments company’s stock worth $3,463,000 after acquiring an additional 40,298 shares during the period. Finally, Comerica Bank boosted its stake in shares of MKS Instruments by 16.6% during the 2nd quarter. Comerica Bank now owns 69,864 shares of the scientific and technical instruments company’s stock worth $5,610,000 after acquiring an additional 9,934 shares during the period. Institutional investors own 95.38% of the company’s stock.

In other news, CFO Seth H. Bagshaw sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the transaction, the chief financial officer now directly owns 21,615 shares of the company’s stock, valued at $1,854,567. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction 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 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 disclosure for this sale can be found here. Insiders sold 11,100 shares of company stock valued at $935,105 over the last ninety days. Corporate insiders own 1.65% of the company’s stock.

Several research analysts have recently commented on the company. KeyCorp reiterated an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research note on Saturday, September 16th. Stifel Nicolaus reissued a “buy” rating and set a $98.00 price target (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG began coverage on MKS Instruments in a report 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 given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $86.67.

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MKS Instruments, Inc. (MKSI) opened at 91.35 on Friday. The firm has a 50-day moving average price of $82.00 and a 200 day moving average price of $76.43. MKS Instruments, Inc. has a one year low of $46.51 and a one year high of $92.15. The firm has a market capitalization of $4.96 billion, a PE ratio of 18.98 and a beta of 1.08.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS 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 firm had revenue of $481.00 million during the quarter, compared to analyst estimates of $463.86 million. During the same period last year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. Analysts anticipate that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, August 24th. MKS Instruments’s payout ratio is currently 14.58%.

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.

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

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