American Century Companies Inc. raised its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 33.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 182,318 shares of the scientific and technical instruments company’s stock after acquiring an additional 46,067 shares during the quarter. American Century Companies Inc. owned about 0.33% of MKS Instruments worth $21,085,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in MKSI. Meeder Asset Management Inc. boosted 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. Advisor Partners LLC bought a new position in shares of MKS Instruments during the fourth quarter worth $206,000. Zeke Capital Advisors LLC bought a new position in shares of MKS Instruments during the fourth quarter worth $220,000. CIBC Asset Management Inc bought a new position in shares of MKS Instruments during the first quarter worth $223,000. Finally, Csenge Advisory Group bought a new position in shares of MKS Instruments during the fourth quarter worth $226,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on MKSI shares. Zacks Investment Research cut shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Deutsche Bank lifted their price target on shares of MKS Instruments to $140.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. Stifel Nicolaus reissued a “buy” rating and set a $133.00 price target on shares of MKS Instruments in a research report on Thursday, February 1st. Finally, KeyCorp reissued a “buy” rating on shares of MKS Instruments in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $125.00.
In related news, CEO Gerard G. Colella sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $101.92, for a total value of $1,019,200.00. Following the sale, the chief executive officer now directly owns 42,294 shares of the company’s stock, valued at approximately $4,310,604.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Tseng-Chung Lee sold 13,432 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $115.38, for a total transaction of $1,549,784.16. Following the completion of the sale, the chief operating officer now directly owns 1,601 shares in the company, valued at $184,723.38. The disclosure for this sale can be found here. Insiders sold a total of 44,097 shares of company stock worth $4,929,155 over the last ninety days. 1.67% of the stock is currently owned by insiders.
Shares of NASDAQ MKSI opened at $116.55 on Friday. The firm has a market cap of $6.26 billion, a PE ratio of 19.56, a PEG ratio of 1.04 and a beta of 0.95. MKS Instruments, Inc. has a twelve month low of $115.30 and a twelve month high of $117.25. The company has a current ratio of 4.49, a quick ratio of 3.24 and a debt-to-equity ratio of 0.20.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The company had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $530.68 million. MKS Instruments had a net margin of 18.65% and a return on equity of 23.94%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period last year, the firm posted $1.27 earnings per share. equities analysts anticipate that MKS Instruments, Inc. will post 8.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Monday, May 28th will be given a $0.20 dividend. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, May 24th. MKS Instruments’s payout ratio is currently 12.08%.
MKS Instruments Company 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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