Virtus Fund Advisers LLC Purchases New Position in MKS Instruments, Inc. (MKSI)

Virtus Fund Advisers LLC purchased a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,310 shares of the scientific and technical instruments company’s stock, valued at approximately $407,000.

A number of other hedge funds have also recently made changes to their positions in MKSI. Meeder Asset Management Inc. lifted its stake in MKS Instruments by 311.2% in the fourth quarter. Meeder Asset Management Inc. now owns 1,065 shares of the scientific and technical instruments company’s stock valued at $101,000 after acquiring an additional 806 shares during the last quarter. Krilogy Financial LLC acquired a new stake in MKS Instruments in the third quarter valued at $144,000. Bridgeworth LLC acquired a new stake in MKS Instruments in the third quarter valued at $203,000. Greenwood Capital Associates LLC acquired a new stake in MKS Instruments in the third quarter valued at $204,000. Finally, Advisor Partners LLC acquired a new stake in MKS Instruments in the fourth quarter valued at $206,000. Hedge funds and other institutional investors own 93.92% of the company’s stock.

Shares of MKS Instruments, Inc. (NASDAQ:MKSI) opened at $112.75 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 4.21. The stock has a market cap of $6,059.27, a PE ratio of 18.76, a PEG ratio of 1.10 and a beta of 1.04. MKS Instruments, Inc. has a 12 month low of $64.45 and a 12 month high of $116.55.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $512.00 million during the quarter, compared to analysts’ expectations of $500.22 million. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. MKS Instruments’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS. research analysts forecast that MKS Instruments, Inc. will post 7.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Friday, February 23rd. MKS Instruments’s dividend payout ratio is presently 11.69%.

A number of analysts have commented on MKSI shares. ValuEngine cut shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $133.00 price target on shares of MKS Instruments in a research note on Thursday, February 1st. KeyCorp reiterated a “buy” rating on shares of MKS Instruments in a research note on Friday, February 2nd. Finally, Dougherty & Co reiterated a “buy” rating on shares of MKS Instruments in a research note on Sunday, February 4th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $116.60.

In other news, VP John R. Abrams sold 9,831 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $114.94, for a total transaction of $1,129,975.14. Following the completion of the sale, the vice president now owns 1 shares in the company, valued at approximately $114.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Seth H. Bagshaw sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $102.07, for a total transaction of $1,020,700.00. Following the sale, the chief financial officer now owns 11,766 shares of the company’s stock, valued at approximately $1,200,955.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,852 shares of company stock valued at $6,376,293. 1.65% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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