Charles Schwab Investment Management Inc. lifted its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI - Free Report) by 12.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 586,803 shares of the scientific and technical instruments company's stock after purchasing an additional 65,502 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.88% of MKS Instruments worth $50,782,000 as of its most recent filing with the SEC.
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Several other hedge funds have also made changes to their positions in the business. Belpointe Asset Management LLC raised its holdings in MKS Instruments by 73.5% in the first quarter. Belpointe Asset Management LLC now owns 295 shares of the scientific and technical instruments company's stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. PCA Investment Advisory Services Inc. acquired a new stake in MKS Instruments in the second quarter valued at approximately $34,000. Itau Unibanco Holding S.A. acquired a new stake in MKS Instruments during the second quarter worth approximately $52,000. Signaturefd LLC raised its holdings in MKS Instruments by 22.1% during the third quarter. Signaturefd LLC now owns 928 shares of the scientific and technical instruments company's stock worth $80,000 after purchasing an additional 168 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of MKS Instruments during the third quarter worth approximately $93,000. Institutional investors and hedge funds own 99.25% of the company's stock.
MKS Instruments Stock Performance
Shares of MKSI opened at $123.85 on Friday. The business's 50 day moving average is $104.42 and its two-hundred day moving average is $91.68. MKS Instruments, Inc. has a 52-week low of $63.44 and a 52-week high of $124.99. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of -4.50, a PEG ratio of 3.77 and a beta of 1.65. The company has a quick ratio of 1.92, a current ratio of 2.99 and a debt-to-equity ratio of 1.90.
MKS Instruments (NASDAQ:MKSI - Get Free Report) last announced its earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.28. The company had revenue of $893.00 million for the quarter, compared to analyst estimates of $845.25 million. MKS Instruments had a positive return on equity of 9.95% and a negative net margin of 50.80%. MKS Instruments's quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.00 EPS. Analysts forecast that MKS Instruments, Inc. will post 4.76 EPS for the current fiscal year.
MKS Instruments Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Monday, February 26th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, February 23rd. MKS Instruments's dividend payout ratio is currently -3.19%.
Insider Activity at MKS Instruments
In related news, Director Gerard G. Colella sold 10,000 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the sale, the director now directly owns 78,017 shares of the company's stock, valued at approximately $8,581,870. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Elizabeth Mora sold 250 shares of the company's stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $100.90, for a total transaction of $25,225.00. Following the completion of the sale, the director now directly owns 17,112 shares of the company's stock, valued at $1,726,600.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gerard G. Colella sold 10,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the sale, the director now directly owns 78,017 shares of the company's stock, valued at $8,581,870. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,500 shares of company stock valued at $2,345,783. Corporate insiders own 0.46% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Benchmark raised their target price on shares of MKS Instruments from $85.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. TheStreet upgraded shares of MKS Instruments from a "d+" rating to a "c-" rating in a research report on Tuesday, January 23rd. StockNews.com upgraded shares of MKS Instruments from a "sell" rating to a "hold" rating in a research report on Thursday. KeyCorp lifted their price objective on shares of MKS Instruments from $115.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. Finally, Needham & Company LLC lifted their price objective on shares of MKS Instruments from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, MKS Instruments has a consensus rating of "Moderate Buy" and a consensus target price of $118.83.
Check Out Our Latest Stock Report on MKSI
MKS Instruments Company Profile
(Free Report)
MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, and internationally. It operates through Vacuum Solutions Division, Photonics Solutions Division, and Material Solutions Division.
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