Cubist Systematic Strategies LLC lifted its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 195.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,689 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,659 shares during the period. Cubist Systematic Strategies LLC’s holdings in MKS Instruments were worth $2,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its position in shares of MKS Instruments by 38.4% during the second quarter. Bank of America Corp DE now owns 253,212 shares of the scientific and technical instruments company’s stock worth $24,233,000 after acquiring an additional 70,306 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of MKS Instruments by 27.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 7,266 shares of the scientific and technical instruments company’s stock worth $695,000 after acquiring an additional 1,560 shares during the last quarter. Lido Advisors LLC grew its position in shares of MKS Instruments by 31.5% during the second quarter. Lido Advisors LLC now owns 2,751 shares of the scientific and technical instruments company’s stock worth $263,000 after acquiring an additional 659 shares during the last quarter. Kiwi Wealth Investments Limited Partnership grew its position in shares of MKS Instruments by 14.4% during the second quarter. Kiwi Wealth Investments Limited Partnership now owns 25,262 shares of the scientific and technical instruments company’s stock worth $2,418,000 after acquiring an additional 3,185 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of MKS Instruments by 75.2% during the second quarter. Raymond James & Associates now owns 84,457 shares of the scientific and technical instruments company’s stock worth $8,083,000 after acquiring an additional 36,256 shares during the last quarter. Institutional investors and hedge funds own 91.23% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of MKS Instruments from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Citigroup lowered their price objective on shares of MKS Instruments from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. KeyCorp reiterated a “buy” rating and issued a $135.00 price objective on shares of MKS Instruments in a research report on Thursday, July 26th. Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of MKS Instruments in a research report on Thursday, July 26th. Finally, Cowen lowered their price objective on shares of MKS Instruments from $135.00 to $124.00 and set a “hold” rating on the stock in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $129.88.

In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the business’s stock in a transaction 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 sale, the director now directly owns 15,787 shares in the company, valued at approximately $1,460,297.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Hanley sold 1,240 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was 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 in the company, valued at $141,679.39. The disclosure for this sale can be found here. Company insiders own 1.67% of the company’s stock.

NASDAQ:MKSI opened at $82.40 on Friday. MKS Instruments, Inc. has a 1-year low of $80.45 and a 1-year high of $128.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.66 and a current ratio of 5.03. The firm has a market capitalization of $4.58 billion, a P/E ratio of 13.83, a PEG ratio of 0.87 and a beta of 0.86.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.11. MKS Instruments had a net margin of 17.95% and a return on equity of 25.69%. The firm had revenue of $573.14 million for the quarter, compared to analyst estimates of $567.99 million. During the same period last year, the firm posted $1.41 EPS. MKS Instruments’s quarterly revenue was up 19.2% on a year-over-year basis. analysts forecast that MKS Instruments, Inc. will post 8.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Monday, August 27th were given a $0.20 dividend. The ex-dividend date was Friday, August 24th. This represents a $0.80 dividend on an annualized basis and a yield of 0.97%. MKS Instruments’s dividend payout ratio (DPR) is 13.42%.

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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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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