Kiwi Wealth Investments Limited Partnership Has $2.42 Million Holdings in MKS Instruments, Inc. (MKSI)
Kiwi Wealth Investments Limited Partnership raised its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 14.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,262 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,185 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in MKS Instruments were worth $2,418,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MKSI. Itau Unibanco Holding S.A. bought a new stake in MKS Instruments during the 2nd quarter valued at about $155,000. Cerebellum GP LLC increased its stake in MKS Instruments by 239.6% during the 2nd quarter. Cerebellum GP LLC now owns 1,854 shares of the scientific and technical instruments company’s stock valued at $177,000 after purchasing an additional 1,308 shares in the last quarter. Optimum Investment Advisors bought a new stake in MKS Instruments during the 1st quarter valued at about $202,000. Visionary Asset Management Inc. bought a new stake in MKS Instruments during the 2nd quarter valued at about $209,000. Finally, CIBC Asset Management Inc bought a new stake in MKS Instruments during the 1st quarter valued at about $223,000. Institutional investors and hedge funds own 91.03% of the company’s stock.
Shares of MKSI stock opened at $85.10 on Friday. MKS Instruments, Inc. has a 52 week low of $82.15 and a 52 week high of $128.28. The company has a market capitalization of $4.66 billion, a PE ratio of 14.28, a P/E/G ratio of 0.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.03 and a quick ratio of 3.66.
The business also recently declared a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Monday, August 27th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.94%. MKS Instruments’s dividend payout ratio is presently 13.42%.
MKSI has been the subject of a number of analyst reports. Cowen initiated coverage on shares of MKS Instruments in a research note on Monday, May 14th. They set an “outperform” rating and a $135.00 price objective for the company. Benchmark began coverage on shares of MKS Instruments in a research note on Thursday, May 31st. They issued a “buy” rating and a $140.00 price target for the company. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. Stifel Nicolaus lifted their price target on shares of MKS Instruments from $147.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, June 18th. Finally, Zacks Investment Research lowered shares of MKS Instruments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. MKS Instruments currently has an average rating of “Buy” and a consensus target price of $129.88.
In related news, Director Elizabeth Mora sold 375 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $92.50, for a total transaction of $34,687.50. Following the completion of the sale, the director now directly owns 15,787 shares in the company, valued at $1,460,297.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Hanley sold 1,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $94.39, for a total transaction of $117,043.60. Following the sale, the director now owns 1,501 shares of the company’s stock, valued at $141,679.39. The disclosure for this sale can be found here. Insiders sold 2,365 shares of company stock valued at $226,881 over the last quarter. Company insiders own 1.67% of the company’s stock.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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