UBS Asset Management Americas Inc. decreased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,633 shares of the scientific and technical instruments company’s stock after selling 631 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.08% of MKS Instruments worth $2,802,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MKSI. 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 during the period. Lazard Asset Management LLC purchased a new stake in MKS Instruments during the 2nd quarter worth about $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 during the period. Gotham Asset Management LLC increased its holdings in MKS Instruments by 2,280.5% during the 1st quarter. Gotham Asset Management LLC now owns 234,903 shares of the scientific and technical instruments company’s stock worth $16,150,000 after purchasing an additional 225,035 shares during the period. 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 during the period. Institutional investors own 95.38% of the company’s stock.

MKSI has been the topic of several recent research reports. BidaskClub downgraded MKS Instruments from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Deutsche Bank AG initiated coverage on MKS Instruments in a report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price target on the stock. KeyCorp restated an “outperform” rating and set a $100.00 price target on shares of MKS Instruments in a report on Saturday, September 16th. Finally, 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 report on Thursday, July 27th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. MKS Instruments presently has a consensus rating of “Buy” and an average price target of $95.50.

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In other news, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the sale, the chief financial officer now directly owns 21,615 shares of the company’s stock, valued at $1,854,567. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $83.22, for a total value of $83,220.00. Following the sale, the director now directly owns 3,372 shares in the company, valued at $280,617.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,100 shares of company stock worth $935,105. Corporate insiders own 1.65% of the company’s stock.

MKS Instruments, Inc. (MKSI) opened at 98.40 on Friday. MKS Instruments, Inc. has a 12-month low of $46.51 and a 12-month high of $98.75. The stock has a market cap of $5.34 billion, a P/E ratio of 20.44 and a beta of 1.13. The stock has a 50 day moving average price of $89.22 and a 200-day moving average price of $79.70.

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 (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 business had revenue of $481.00 million for the quarter, compared to analyst estimates of $463.86 million. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. On average, equities analysts expect that MKS Instruments, Inc. will post $5.47 earnings per share for the current year.

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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