MKS Instruments, Inc. (NASDAQ:MKSI) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP cut its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 164,728 shares of the scientific and technical instruments company’s stock after selling 4,863 shares during the period. Systematic Financial Management LP owned 0.25% of MKS Instruments worth $21,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MKSI. Susquehanna Fundamental Investments LLC acquired a new stake in MKS Instruments during the first quarter worth about $918,000. Crestline Management LP purchased a new position in MKS Instruments in the fourth quarter valued at approximately $3,498,000. Bessemer Group Inc. lifted its position in MKS Instruments by 7.1% during the first quarter. Bessemer Group Inc. now owns 78,093 shares of the scientific and technical instruments company’s stock valued at $10,387,000 after buying an additional 5,184 shares in the last quarter. Vanguard Group Inc. grew its stake in MKS Instruments by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,892,941 shares of the scientific and technical instruments company’s stock worth $709,077,000 after buying an additional 39,045 shares during the period. Finally, Eagle Asset Management Inc. increased its position in shares of MKS Instruments by 591.3% in the fourth quarter. Eagle Asset Management Inc. now owns 86,617 shares of the scientific and technical instruments company’s stock worth $8,910,000 after acquiring an additional 74,088 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

MKS Instruments Stock Performance

MKS Instruments stock opened at $110.31 on Friday. The company has a market cap of $7.40 billion, a PE ratio of -4.13, a P/E/G ratio of 0.77 and a beta of 1.64. MKS Instruments, Inc. has a 12 month low of $63.44 and a 12 month high of $147.40. The company has a fifty day moving average price of $114.21 and a two-hundred day moving average price of $123.11. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.58 and a quick ratio of 2.31.

MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.51. The firm had revenue of $887.00 million for the quarter, compared to analysts’ expectations of $866.38 million. MKS Instruments had a net margin of 0.25% and a return on equity of 14.91%. MKS Instruments’s revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $1.32 earnings per share. Research analysts expect that MKS Instruments, Inc. will post 5.6 earnings per share for the current year.

MKS Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.80%. The ex-dividend date was Monday, August 26th. MKS Instruments’s dividend payout ratio is presently -3.30%.

Insider Buying and Selling at MKS Instruments

In related news, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total value of $31,891.75. Following the sale, the director now directly owns 17,934 shares in the company, valued at approximately $2,079,805.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total transaction of $31,891.75. Following the completion of the transaction, the director now owns 17,934 shares in the company, valued at approximately $2,079,805.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Edward Williams sold 1,800 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was 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 of the company’s stock, valued at approximately $1,543.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,325 shares of company stock worth $276,435. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp increased their price target on MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Bank of America started coverage on shares of MKS Instruments in a research note on Wednesday, July 10th. They set a “buy” rating and a $160.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $142.00 price target on shares of MKS Instruments in a research note on Thursday, August 8th. TD Cowen raised their target price on MKS Instruments from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Citigroup cut MKS Instruments from a “buy” rating to a “neutral” rating and cut their price target for the stock from $145.00 to $120.00 in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, MKS Instruments has a consensus rating of “Moderate Buy” and an average price target of $142.00.

MKS Instruments Company 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.