MKS Instruments, Inc. (MKSI) Stake Lessened by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI cut its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 419,176 shares of the scientific and technical instruments company’s stock after selling 60,060 shares during the period. Fiduciary Management Inc. WI owned 0.77% of MKS Instruments worth $39,591,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Creative Planning increased its position in shares of MKS Instruments by 22.8% in the 2nd quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after acquiring an additional 416 shares during the period. Aperio Group LLC increased its position in shares of MKS Instruments by 17.9% in the 2nd quarter. Aperio Group LLC now owns 16,641 shares of the scientific and technical instruments company’s stock valued at $1,120,000 after acquiring an additional 2,528 shares during the period. Strs Ohio increased its position in shares of MKS Instruments by 8.0% in the 2nd quarter. Strs Ohio now owns 8,100 shares of the scientific and technical instruments company’s stock valued at $545,000 after acquiring an additional 600 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of MKS Instruments by 14.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,990 shares of the scientific and technical instruments company’s stock valued at $942,000 after acquiring an additional 1,780 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of MKS Instruments by 1.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 14,567 shares of the scientific and technical instruments company’s stock valued at $980,000 after acquiring an additional 151 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. ValuEngine downgraded MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus reissued a “buy” rating and issued a $108.00 target price (up from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. KeyCorp reissued an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, Deutsche Bank upped their target price on MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $109.75.

Shares of MKS Instruments, Inc. (NASDAQ MKSI) opened at $91.05 on Wednesday. The firm has a market capitalization of $4,860.00, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.10 and a current ratio of 4.23. MKS Instruments, Inc. has a 12-month low of $56.10 and a 12-month 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 for the quarter, topping the consensus estimate of $1.46 by $0.10. The company had revenue of $486.27 million for the quarter, compared to the consensus estimate of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. equities analysts anticipate that MKS Instruments, Inc. will post 5.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be given a dividend of $0.18 per share. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 24th. MKS Instruments’s dividend payout ratio (DPR) is currently 12.88%.

In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the sale, the chief financial officer now directly owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $107.90, for a total value of $215,800.00. Following the sale, the vice president now directly owns 13,785 shares in the company, valued at $1,487,401.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,913 shares of company stock worth $1,107,324 over the last ninety days. 1.65% of the stock is owned by insiders.

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MKS Instruments Company 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.

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

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