MKS Instruments, Inc. (NASDAQ:MKSI) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,221 shares of the scientific and technical instruments company’s stock after selling 7,215 shares during the quarter. Amalgamated Bank’s holdings in MKS Instruments were worth $4,207,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MKSI. Private Advisor Group LLC acquired a new position in shares of MKS Instruments during the 4th quarter worth approximately $209,000. Norges Bank acquired a new position in shares of MKS Instruments during the 4th quarter worth approximately $117,672,000. UBS Group AG raised its stake in MKS Instruments by 92.8% in the 4th quarter. UBS Group AG now owns 229,385 shares of the scientific and technical instruments company’s stock valued at $23,597,000 after purchasing an additional 110,427 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in MKS Instruments in the 4th quarter valued at $403,000. Finally, Wells Fargo & Company MN raised its stake in MKS Instruments by 5.8% in the 4th quarter. Wells Fargo & Company MN now owns 180,266 shares of the scientific and technical instruments company’s stock valued at $18,544,000 after purchasing an additional 9,962 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MKS Instruments

In related news, Director Elizabeth Mora sold 275 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total transaction of $31,891.75. Following the transaction, the director now owns 17,934 shares of the company’s stock, valued at approximately $2,079,805.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Elizabeth Mora sold 275 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total transaction of $31,891.75. Following the transaction, the director now owns 17,934 shares of the company’s stock, valued at approximately $2,079,805.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John Edward Williams sold 1,800 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $118.71, for a total value of $213,678.00. Following the transaction, the executive vice president now directly owns 13 shares in the company, valued at approximately $1,543.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,325 shares of company stock worth $276,435. 0.46% of the stock is currently owned by company insiders.

MKS Instruments Stock Performance

NASDAQ MKSI opened at $109.88 on Friday. The stock has a market cap of $7.37 billion, a PE ratio of -4.12, a P/E/G ratio of 0.79 and a beta of 1.64. 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 twelve month low of $63.44 and a twelve month high of $147.40. The stock has a fifty day simple moving average of $116.68 and a 200-day simple moving average of $123.78.

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 for the quarter, topping analysts’ consensus estimates of $1.02 by $0.51. The business had revenue of $887.00 million during the quarter, compared to analysts’ expectations of $866.38 million. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 EPS. Equities analysts anticipate that MKS Instruments, Inc. will post 5.6 earnings per share for the current year.

MKS Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, August 26th. MKS Instruments’s dividend payout ratio is presently -3.30%.

Analysts Set New Price Targets

Several research firms recently commented on MKSI. Wells Fargo & Company reduced their price objective on 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. Deutsche Bank Aktiengesellschaft reduced their price objective on MKS Instruments from $140.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Citigroup downgraded MKS Instruments from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $145.00 to $120.00 in a research note on Monday, September 16th. Benchmark reissued a “buy” rating and issued a $142.00 price objective on shares of MKS Instruments in a research note on Thursday, August 8th. Finally, Needham & Company LLC upped their target price on MKS Instruments from $153.00 to $156.00 and gave the company a “buy” rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, MKS Instruments currently has an average rating of “Moderate Buy” and an average price target of $142.00.

MKS Instruments Profile

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.