CAPROCK Group Inc. Has $275,000 Position in MKS Instruments, Inc. (MKSI)
CAPROCK Group Inc. increased its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,862 shares of the scientific and technical instruments company’s stock after buying an additional 605 shares during the quarter. CAPROCK Group Inc.’s holdings in MKS Instruments were worth $275,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Krilogy Financial LLC purchased a new stake in MKS Instruments in the third quarter valued at $144,000. Riverhead Capital Management LLC raised its position in MKS Instruments by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after purchasing an additional 863 shares during the period. Bridgeworth LLC purchased a new stake in MKS Instruments in the third quarter valued at $203,000. Greenwood Capital Associates LLC purchased a new stake in MKS Instruments in the third quarter valued at $204,000. Finally, Advantage Investment Management LLC raised its position in MKS Instruments by 65.5% in the third quarter. Advantage Investment Management LLC now owns 2,393 shares of the scientific and technical instruments company’s stock valued at $226,000 after purchasing an additional 947 shares during the period. Hedge funds and other institutional investors own 95.42% of the company’s stock.
In related news, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $107.90, for a total value of $215,800.00. Following the sale, the vice president now owns 13,785 shares in the company, valued at approximately $1,487,401.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Seth H. Bagshaw sold 10,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $102.07, for a total value of $1,020,700.00. Following the completion of the sale, the chief financial officer now owns 11,766 shares in the company, valued at approximately $1,200,955.62. The disclosure for this sale can be found here. Insiders sold a total of 33,252 shares of company stock worth $3,294,887 in the last quarter. Company insiders own 1.65% of the company’s stock.
MKSI has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. Deutsche Bank lifted their target price on MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Dougherty & Co lifted their target price on MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. ValuEngine downgraded MKS Instruments from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. MKS Instruments currently has a consensus rating of “Buy” and a consensus target price of $109.75.
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at $104.60 on Friday. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $5,680.00, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.96 and a beta of 1.04. MKS Instruments, Inc. has a 1-year low of $61.30 and a 1-year high of $110.60.
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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The firm had revenue of $486.27 million for the quarter, compared to the consensus estimate of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. research analysts forecast that MKS Instruments, Inc. will post 5.89 earnings per share for the current fiscal year.
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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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