Teachers Retirement System of The State of Kentucky Decreases Position in MKS Instruments, Inc. (MKSI)

Teachers Retirement System of The State of Kentucky reduced its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,417 shares of the scientific and technical instruments company’s stock after selling 10,825 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.16% of MKS Instruments worth $7,973,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riverhead Capital Management LLC increased its position in shares of MKS Instruments by 71.9% during the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after purchasing an additional 863 shares during the period. 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 valued at $151,000 after acquiring an additional 416 shares during the period. 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 valued at $167,000 after acquiring an additional 281 shares during the period. Good Life Advisors LLC bought a new stake in MKS Instruments in the second quarter valued at $203,000. Finally, Greenwood Capital Associates LLC bought a new stake in MKS Instruments in the third quarter valued at $204,000. 95.54% of the stock is currently owned by institutional investors.

MKS Instruments, Inc. (NASDAQ:MKSI) opened at $91.05 on Wednesday. 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 one year low of $56.10 and a one year high of $110.60. The stock has a market capitalization of $4,859.36, a price-to-earnings ratio of 16.92, a PEG ratio of 0.97 and a beta of 1.04.

MKS Instruments (NASDAQ:MKSI) last issued 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 consensus estimate of $1.46 by $0.10. The business had revenue of $486.27 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $0.88 earnings per share. analysts forecast that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 24th. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. MKS Instruments’s dividend payout ratio is currently 12.90%.

A number of brokerages have weighed in on MKSI. Dougherty & Co upped their price target on MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank boosted their price objective on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Stifel Nicolaus reissued a “buy” rating and issued a $108.00 price objective (up previously from $98.00) on shares of MKS Instruments in a research note on Tuesday, October 24th. BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, ValuEngine lowered MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.75.

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 value 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 $1,854,567. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the sale, 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. Insiders sold 11,913 shares of company stock valued at $1,107,324 in the last quarter. 1.65% of the stock is currently owned by corporate insiders.

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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.

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

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