MKS Instruments, Inc. (MKSI) Position Reduced by Emerald Advisers LLC
Emerald Advisers LLC lowered its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,649 shares of the scientific and technical instruments company’s stock after selling 978 shares during the period. Emerald Advisers LLC’s holdings in MKS Instruments were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Dubuque Bank & Trust Co. lifted its position in shares of MKS Instruments by 52.0% during the 4th quarter. Dubuque Bank & Trust Co. now owns 1,043 shares of the scientific and technical instruments company’s stock valued at $67,000 after acquiring an additional 357 shares during the period. Paradigm Asset Management Co. LLC acquired a new stake in shares of MKS Instruments during the 3rd quarter valued at approximately $96,000. James Investment Research Inc. lifted its position in shares of MKS Instruments by 13.5% during the 4th quarter. James Investment Research Inc. now owns 2,966 shares of the scientific and technical instruments company’s stock valued at $192,000 after acquiring an additional 353 shares during the period. Meeder Asset Management Inc. lifted its position in shares of MKS Instruments by 196.1% during the 4th quarter. Meeder Asset Management Inc. now owns 3,675 shares of the scientific and technical instruments company’s stock valued at $237,000 after acquiring an additional 2,434 shares during the period. Finally, Investment Counselors of Maryland LLC acquired a new stake in shares of MKS Instruments during the 3rd quarter valued at approximately $238,000. Hedge funds and other institutional investors own 91.40% of the company’s stock.
Shares of MKSI opened at $84.10 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.38 and a quick ratio of 3.86. MKS Instruments, Inc. has a 1-year low of $56.37 and a 1-year high of $128.28. The company has a market cap of $4.41 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.93 and a beta of 1.30.
In other news, Director Elizabeth Mora sold 375 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $79.90, for a total transaction of $29,962.50. Following the completion of the transaction, the director now directly owns 15,412 shares of the company’s stock, valued at approximately $1,231,418.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.67% of the company’s stock.
A number of research firms have recently issued reports on MKSI. ValuEngine upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a research report on Saturday. Benchmark reiterated a “buy” rating and set a $98.00 price target on shares of MKS Instruments in a research report on Thursday. BidaskClub upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Zacks Investment Research downgraded shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, KeyCorp reduced their price target on shares of MKS Instruments from $135.00 to $112.00 and set an “overweight” rating for the company in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $117.71.
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MKS Instruments 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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