Great West Life Assurance Co. Can cut its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,219 shares of the scientific and technical instruments company’s stock after selling 4,951 shares during the quarter. Great West Life Assurance Co. Can owned about 0.14% of MKS Instruments worth $6,979,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nordea Investment Management AB raised its position in shares of MKS Instruments by 2.6% in the third quarter. Nordea Investment Management AB now owns 31,600 shares of the scientific and technical instruments company’s stock valued at $2,985,000 after purchasing an additional 800 shares during the period. ETRADE Capital Management LLC raised its position in shares of MKS Instruments by 10.7% in the third quarter. ETRADE Capital Management LLC now owns 14,916 shares of the scientific and technical instruments company’s stock valued at $1,409,000 after purchasing an additional 1,443 shares during the period. American International Group Inc. increased its position in MKS Instruments by 5.8% during the third quarter. American International Group Inc. now owns 42,743 shares of the scientific and technical instruments company’s stock worth $4,037,000 after acquiring an additional 2,340 shares during the period. Icon Advisers Inc. Co. bought a new position in MKS Instruments during the third quarter worth $1,851,000. Finally, Rothschild Asset Management Inc. bought a new position in MKS Instruments during the third quarter worth $24,693,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $107.90, for a total value of $215,800.00. Following the sale, the vice president now owns 13,785 shares of the company’s stock, valued at approximately $1,487,401.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the sale, the chief financial officer now directly owns 21,615 shares in the company, valued at approximately $1,854,567. The disclosure for this sale can be found here. Insiders sold a total of 12,113 shares of company stock worth $1,125,840 in the last three months. Insiders own 1.65% of the company’s stock.
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at $92.80 on Thursday. The stock has a market cap of $4,943.52, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.99 and a beta of 1.04. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29. MKS Instruments, Inc. has a fifty-two week low of $57.35 and a fifty-two week high of $110.60.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The firm had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. equities research analysts forecast that MKS Instruments, Inc. will post 5.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, November 24th. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.18. MKS Instruments’s payout ratio is 12.90%.
A number of equities analysts recently issued reports on MKSI shares. Deutsche Bank boosted their target price on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 target price (up previously from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. Dougherty & Co boosted their target price on shares of MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. KeyCorp reaffirmed an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $109.75.
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About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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