MKS Instruments, Inc. (MKSI) Stake Increased by BB&T Securities LLC

BB&T Securities LLC grew its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 101.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,956 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,499 shares during the quarter. BB&T Securities LLC’s holdings in MKS Instruments were worth $573,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of MKS Instruments by 2.6% in the 1st quarter. BlackRock Inc. now owns 6,142,281 shares of the scientific and technical instruments company’s stock valued at $710,354,000 after acquiring an additional 153,820 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of MKS Instruments by 13.1% in the 1st quarter. Prudential Financial Inc. now owns 1,133,621 shares of the scientific and technical instruments company’s stock valued at $131,103,000 after acquiring an additional 131,075 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of MKS Instruments by 1.2% in the 1st quarter. Wells Fargo & Company MN now owns 913,389 shares of the scientific and technical instruments company’s stock valued at $105,634,000 after acquiring an additional 10,394 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of MKS Instruments by 26.4% in the 1st quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock valued at $103,804,000 after acquiring an additional 187,491 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of MKS Instruments by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 685,300 shares of the scientific and technical instruments company’s stock valued at $64,761,000 after acquiring an additional 92,048 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

In other MKS Instruments news, Director Jacqueline F. Moloney sold 750 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $100.20, for a total transaction of $75,150.00. Following the completion of the transaction, the director now owns 6,570 shares of the company’s stock, valued at approximately $658,314. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $109.40, for a total value of $218,800.00. Following the transaction, the vice president now directly owns 17,641 shares of the company’s stock, valued at approximately $1,929,925.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,512 shares of company stock valued at $1,739,002. Insiders own 1.67% of the company’s stock.



MKSI has been the subject of a number of recent analyst reports. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. ValuEngine cut MKS Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Stifel Nicolaus upped their price target on MKS Instruments from $147.00 to $155.00 and gave the company a “buy” rating in a research note on Monday. Benchmark initiated coverage on MKS Instruments in a research note on Thursday, May 31st. They issued a “buy” rating and a $140.00 price target for the company. Finally, Deutsche Bank upped their price target on MKS Instruments to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $130.29.

Shares of MKS Instruments opened at $101.10 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.49 and a quick ratio of 3.24. MKS Instruments, Inc. has a 52-week low of $65.90 and a 52-week high of $128.28. The company has a market capitalization of $5.68 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.07. MKS Instruments had a return on equity of 23.94% and a net margin of 18.65%. The business had revenue of $554.00 million during the quarter, compared to analyst estimates of $530.68 million. During the same period in the previous year, the firm earned $1.27 EPS. MKS Instruments’s quarterly revenue was up 26.7% compared to the same quarter last year. equities analysts forecast that MKS Instruments, Inc. will post 8.27 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Monday, May 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $0.80 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 is 13.42%.

MKS Instruments Profile

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.

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

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