MKS Instruments, Inc. (MKSI) Position Trimmed by USA Financial Portformulas Corp

USA Financial Portformulas Corp trimmed its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 55.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,167 shares of the scientific and technical instruments company’s stock after selling 8,838 shares during the period. USA Financial Portformulas Corp’s holdings in MKS Instruments were worth $482,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MKSI. Envestnet Asset Management Inc. grew its holdings in MKS Instruments by 2.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,620 shares of the scientific and technical instruments company’s stock valued at $457,000 after purchasing an additional 152 shares in the last quarter. SG Americas Securities LLC grew its holdings in MKS Instruments by 79.2% during the 1st quarter. SG Americas Securities LLC now owns 8,218 shares of the scientific and technical instruments company’s stock valued at $565,000 after purchasing an additional 3,631 shares in the last quarter. FMR LLC grew its holdings in MKS Instruments by 0.9% during the 1st quarter. FMR LLC now owns 22,093 shares of the scientific and technical instruments company’s stock valued at $1,519,000 after purchasing an additional 200 shares in the last quarter. Teachers Advisors LLC grew its holdings in MKS Instruments by 280.2% during the 1st quarter. Teachers Advisors LLC now owns 334,529 shares of the scientific and technical instruments company’s stock valued at $22,999,000 after purchasing an additional 246,538 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in MKS Instruments by 1.4% during the 1st quarter. Legal & General Group Plc now owns 94,304 shares of the scientific and technical instruments company’s stock valued at $6,483,000 after purchasing an additional 1,346 shares in the last quarter. 95.38% of the stock is owned by institutional investors and hedge funds.

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In other MKS Instruments news, Director Peter Hanley sold 1,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $83.22, for a total value of $83,220.00. Following the sale, the director now owns 3,372 shares of the company’s stock, valued at approximately $280,617.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total transaction of $158,600.00. Following the completion of the sale, the vice president now directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders sold a total of 11,100 shares of company stock worth $935,105 in the last three months. Insiders own 1.65% of the company’s stock.

MKS Instruments, Inc. (MKSI) traded down 0.50% on Thursday, hitting $100.00. 125,722 shares of the stock traded hands. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 20.77 and a beta of 1.13. MKS Instruments, Inc. has a 12-month low of $46.51 and a 12-month high of $100.80. The stock has a 50-day moving average of $90.91 and a 200-day moving average of $80.45.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.41. The firm had revenue of $481.00 million for the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. Analysts forecast that MKS Instruments, Inc. will post $5.47 earnings per share for the current year.

Several research analysts have weighed in on the stock. Deutsche Bank AG assumed coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective for the company. BidaskClub lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Stifel Nicolaus reissued a “buy” rating and set a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Finally, KeyCorp reissued an “outperform” rating and set a $100.00 price objective on shares of MKS Instruments in a report on Saturday, September 16th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $95.50.

MKS Instruments Profile

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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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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