Cipher Capital LP acquired a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,090 shares of the scientific and technical instruments company’s stock, valued at approximately $575,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Riverhead Capital Management LLC increased its stake in MKS Instruments by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock worth $139,000 after buying an additional 863 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in MKS Instruments in the third quarter worth approximately $204,000. Creative Planning grew its position in MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock worth $151,000 after acquiring an additional 416 shares during the period. CAPROCK Group Inc. purchased a new position in MKS Instruments in the third quarter worth approximately $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in MKS Instruments by 12.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,482 shares of the scientific and technical instruments company’s stock worth $167,000 after acquiring an additional 281 shares during the period. 95.54% of the stock is owned by institutional investors.
A number of research firms have commented on MKSI. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. ValuEngine cut MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $108.00 price objective (up from $98.00) on shares of MKS Instruments in a research note on Tuesday, October 24th. KeyCorp reiterated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research note on Saturday, September 16th. Finally, Deutsche Bank raised their price target on MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $109.75.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. During the same quarter last year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. sell-side analysts forecast that MKS Instruments, Inc. will post 5.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.72 dividend on an annualized basis and a yield of 0.79%. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. MKS Instruments’s dividend payout ratio (DPR) is presently 12.90%.
In related news, Director Elizabeth Mora sold 300 shares of MKS Instruments stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $94.10, for a total transaction of $28,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $107.90, for a total value of $215,800.00. Following the transaction, the vice president now owns 13,785 shares of the company’s stock, valued at $1,487,401.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,913 shares of company stock valued at $1,107,324. 1.65% of the stock is owned by insiders.
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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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