State Board of Administration of Florida Retirement System Grows Position in MKS Instruments, Inc. (MKSI)
State Board of Administration of Florida Retirement System increased its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 10.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,170 shares of the scientific and technical instruments company’s stock after buying an additional 3,323 shares during the period. State Board of Administration of Florida Retirement System owned 0.06% of MKS Instruments worth $3,227,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MKSI. Renaissance Technologies LLC acquired a new position in MKS Instruments in the second quarter worth approximately $31,823,000. Vaughan Nelson Investment Management L.P. acquired a new position in MKS Instruments in the third quarter worth approximately $41,700,000. Koch Industries Inc. acquired a new position in MKS Instruments in the second quarter worth approximately $358,000. Lazard Asset Management LLC acquired a new position in MKS Instruments in the second quarter worth approximately $17,771,000. Finally, Wells Fargo & Company MN increased its holdings in MKS Instruments by 113.2% in the second quarter. Wells Fargo & Company MN now owns 368,655 shares of the scientific and technical instruments company’s stock worth $24,810,000 after buying an additional 195,744 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
A number of equities research analysts have issued reports on the company. Dougherty & Co upped their target price on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank AG upped their target price on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 target price (up previously from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. KeyCorp reaffirmed an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $109.75.
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In other MKS Instruments news, COO John Tseng-Chung Lee sold 2,113 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $104.02, for a total transaction of $219,794.26. Following the completion of the transaction, the chief operating officer now directly owns 1 shares in the company, valued at $104.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Seth H. Bagshaw sold 7,500 shares of the 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 transaction, the chief financial officer now owns 21,615 shares of the company’s stock, valued at $1,854,567. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,213 shares of company stock valued at $1,128,879. 1.65% of the stock is owned by company insiders.
Shares of MKS Instruments, Inc. (MKSI) opened at $101.80 on Thursday. MKS Instruments, Inc. has a 12-month low of $53.51 and a 12-month high of $110.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.23 and a quick ratio of 3.10. The firm has a market capitalization of $5,614.06, a P/E ratio of 19.55, a PEG ratio of 1.12 and a beta of 1.11.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company had revenue of $486.27 million during the quarter, compared to analysts’ expectations of $476.24 million. During the same period in the prior year, the business earned $0.88 earnings per share. MKS Instruments’s revenue for the quarter was up 27.7% compared to the same quarter last year. sell-side analysts anticipate that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be given a $0.18 dividend. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, November 24th. MKS Instruments’s dividend payout ratio (DPR) is 12.54%.
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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