MKS Instruments, Inc. (MKSI) Shares Sold by Gotham Asset Management LLC
Gotham Asset Management LLC trimmed its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 38.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,766 shares of the scientific and technical instruments company’s stock after selling 90,137 shares during the period. Gotham Asset Management LLC owned approximately 0.27% of MKS Instruments worth $9,743,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in MKS Instruments by 50,850.9% during the 1st quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock worth $452,712,000 after purchasing an additional 6,571,973 shares in the last quarter. Renaissance Technologies LLC bought a new stake in MKS Instruments during the 2nd quarter worth approximately $31,823,000. Lazard Asset Management LLC bought a new stake in MKS Instruments during the 2nd quarter worth approximately $17,771,000. Teachers Advisors LLC increased its holdings in MKS Instruments by 280.2% during the 1st quarter. Teachers Advisors LLC now owns 334,529 shares of the scientific and technical instruments company’s stock worth $22,999,000 after purchasing an additional 246,538 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in MKS Instruments by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 4,709,382 shares of the scientific and technical instruments company’s stock worth $323,770,000 after purchasing an additional 223,363 shares in the last quarter. 95.38% of the stock is owned by institutional investors and hedge funds.
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A number of analysts have commented on MKSI shares. BidaskClub lowered MKS Instruments from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Deutsche Bank AG started coverage on MKS Instruments in a report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective for the company. KeyCorp reissued an “outperform” rating and set a $100.00 price objective on shares of MKS Instruments in a report on Saturday, September 16th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $88.20.
Shares of MKS Instruments, Inc. (MKSI) traded up 0.10% during mid-day trading on Monday, reaching $95.50. The company’s stock had a trading volume of 33,489 shares. The company has a market cap of $5.18 billion, a P/E ratio of 19.84 and a beta of 1.13. MKS Instruments, Inc. has a 12 month low of $46.51 and a 12 month high of $96.65. The company has a 50-day moving average of $86.76 and a 200-day moving average of $78.66.
MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $463.86 million. During the same period in the previous year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 47.6% on a year-over-year basis. Equities research analysts forecast that MKS Instruments, Inc. will post $5.44 earnings per share for the current fiscal year.
In other news, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total value of $643,500.00. Following the sale, the chief financial officer now directly owns 21,615 shares in the company, valued at approximately $1,854,567. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian Charles Quirk sold 2,000 shares of the business’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 completion of the sale, the vice president now owns 15,785 shares in the company, valued at $1,251,750.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,100 shares of company stock worth $935,105. Insiders own 1.65% of the company’s stock.
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.
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