Allianz Asset Management GmbH Raises Stake in MKS Instruments, Inc. (MKSI)
Allianz Asset Management GmbH lifted its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 121.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 869,399 shares of the scientific and technical instruments company’s stock after purchasing an additional 476,810 shares during the quarter. Allianz Asset Management GmbH owned about 1.60% of MKS Instruments worth $82,115,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of MKSI. Riverhead Capital Management LLC increased its holdings in shares of MKS Instruments by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock worth $139,000 after purchasing an additional 863 shares during the last quarter. Creative Planning increased its holdings in shares of 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 worth $151,000 after purchasing an additional 416 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 worth $167,000 after purchasing an additional 281 shares during the last quarter. Good Life Advisors LLC bought a new stake in shares of MKS Instruments in the second quarter worth about $203,000. Finally, Bridgeworth LLC bought a new stake in shares of MKS Instruments in the third quarter worth about $203,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.
In other MKS Instruments news, Director Elizabeth Mora sold 300 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $94.10, for a total transaction of $28,230.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total value of $643,500.00. Following the transaction, the chief financial officer now owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The disclosure for this sale can be found here. Insiders have sold 11,913 shares of company stock worth $1,107,324 over the last three months. 1.65% of the stock is currently owned by insiders.
Several equities research analysts have recently issued reports on the company. Dougherty & Co lifted their target price on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Deutsche Bank lifted their target price on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $108.00 target price (up from $98.00) on shares of MKS Instruments in a report on Tuesday, October 24th. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, ValuEngine cut 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. MKS Instruments currently has an average rating of “Buy” and a consensus price target of $109.75.
Shares of MKS Instruments, Inc. (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 52 week low of $56.10 and a 52 week high of $110.60. The firm has a market capitalization of $4,860.00, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.04.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.10. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company had revenue of $486.27 million for the quarter, compared to analysts’ expectations of $476.24 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. equities analysts predict 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. Shareholders of record on Monday, November 27th will be paid a dividend of $0.18 per share. This is a boost 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 payout ratio is presently 12.88%.
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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