Great Lakes Advisors LLC Invests $622,000 in MKS Instruments, Inc. (MKSI)
Great Lakes Advisors LLC bought a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) during the third quarter, HoldingsChannel reports. The fund bought 7,763 shares of the scientific and technical instruments company’s stock, valued at approximately $622,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MKSI. FMR LLC grew its stake in shares of MKS Instruments by 2,582.8% during the third quarter. FMR LLC now owns 571,277 shares of the scientific and technical instruments company’s stock valued at $45,787,000 after buying an additional 549,983 shares during the last quarter. Millennium Management LLC grew its stake in shares of MKS Instruments by 2,397.4% during the second quarter. Millennium Management LLC now owns 531,926 shares of the scientific and technical instruments company’s stock valued at $50,905,000 after buying an additional 510,627 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of MKS Instruments by 36.5% during the third quarter. Renaissance Technologies LLC now owns 1,902,372 shares of the scientific and technical instruments company’s stock valued at $152,475,000 after buying an additional 508,470 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of MKS Instruments by 277.4% during the third quarter. Franklin Resources Inc. now owns 549,098 shares of the scientific and technical instruments company’s stock valued at $44,010,000 after buying an additional 403,590 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of MKS Instruments by 70.0% during the third quarter. AQR Capital Management LLC now owns 855,654 shares of the scientific and technical instruments company’s stock valued at $68,581,000 after buying an additional 352,301 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Elizabeth Mora sold 375 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $79.90, for a total value of $29,962.50. Following the transaction, the director now owns 15,412 shares of the company’s stock, valued at $1,231,418.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.67% of the stock is owned by corporate insiders.
Shares of NASDAQ:MKSI opened at $67.96 on Friday. MKS Instruments, Inc. has a 52-week low of $67.83 and a 52-week high of $128.28. The company has a market capitalization of $3.92 billion, a P/E ratio of 9.08, a PEG ratio of 0.78 and a beta of 0.90. The company has a current ratio of 5.38, a quick ratio of 3.86 and a debt-to-equity ratio of 0.19.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.16. MKS Instruments had a return on equity of 25.57% and a net margin of 18.76%. The company had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $492.88 million. During the same quarter in the prior year, the firm earned $1.56 earnings per share. MKS Instruments’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that MKS Instruments, Inc. will post 7.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Monday, November 26th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $0.80 annualized dividend and a yield of 1.18%. MKS Instruments’s dividend payout ratio (DPR) is currently 13.42%.
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MKS Instruments Company Profile
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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