CIBC Asset Management Inc Increases Position in MKS Instruments, Inc. (NASDAQ:MKSI)

CIBC Asset Management Inc boosted its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 12.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,894 shares of the scientific and technical instruments company’s stock after acquiring an additional 211 shares during the period. CIBC Asset Management Inc’s holdings in MKS Instruments were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MKSI. Atlas Capital Advisors LLC purchased a new stake in MKS Instruments in the 1st quarter valued at about $25,000. Allspring Global Investments Holdings LLC acquired a new position in MKS Instruments during the first quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in MKS Instruments during the first quarter worth approximately $26,000. Quest Partners LLC acquired a new position in shares of MKS Instruments in the 4th quarter valued at $37,000. Finally, Key Financial Inc purchased a new stake in shares of MKS Instruments during the 2nd quarter valued at $39,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $142.00 target price on shares of MKS Instruments in a research report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on MKS Instruments in a report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 target price for the company. KeyCorp raised their price target on shares of MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Wells Fargo & Company decreased their price objective on shares of MKS Instruments from $135.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, TD Cowen raised their target price on shares of MKS Instruments from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.67.

Insider Buying and Selling at MKS Instruments

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $123.46, for a total value of $30,865.00. Following the transaction, the director now directly owns 10,533 shares of the company’s stock, valued at approximately $1,300,404.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jacqueline F. Moloney sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $123.46, for a total transaction of $30,865.00. Following the completion of the sale, the director now owns 10,533 shares of the company’s stock, valued at $1,300,404.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Edward Williams sold 1,800 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $118.71, for a total transaction of $213,678.00. Following the completion of the sale, the executive vice president now directly owns 13 shares in the company, valued at $1,543.23. The disclosure for this sale can be found here. Insiders sold a total of 2,325 shares of company stock worth $276,435 in the last 90 days. 0.46% of the stock is owned by corporate insiders.

MKS Instruments Trading Up 1.1 %

NASDAQ MKSI opened at $105.58 on Tuesday. The stock has a market cap of $7.10 billion, a P/E ratio of -3.96, a PEG ratio of 0.73 and a beta of 1.64. The company’s fifty day simple moving average is $121.64 and its 200-day simple moving average is $124.60. The company has a current ratio of 3.58, a quick ratio of 2.31 and a debt-to-equity ratio of 2.16. MKS Instruments, Inc. has a 52 week low of $63.44 and a 52 week high of $147.40.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.51. The firm had revenue of $887.00 million for the quarter, compared to the consensus estimate of $866.38 million. MKS Instruments had a net margin of 0.25% and a return on equity of 14.91%. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. Equities research analysts predict that MKS Instruments, Inc. will post 5.58 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, August 26th. MKS Instruments’s dividend payout ratio is currently -3.30%.

About MKS Instruments

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.