Cortina Asset Management LLC cut its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 40.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 193,074 shares of the scientific and technical instruments company’s stock after selling 128,779 shares during the quarter. MKS Instruments makes up approximately 1.1% of Cortina Asset Management LLC’s holdings, making the stock its 14th biggest holding. Cortina Asset Management LLC’s holdings in MKS Instruments were worth $22,329,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Affinity Investment Advisors LLC increased its holdings in MKS Instruments by 12.6% during the first quarter. Affinity Investment Advisors LLC now owns 4,388 shares of the scientific and technical instruments company’s stock valued at $507,000 after buying an additional 491 shares during the period. Zeke Capital Advisors LLC increased its holdings in MKS Instruments by 21.6% during the first quarter. Zeke Capital Advisors LLC now owns 2,833 shares of the scientific and technical instruments company’s stock valued at $328,000 after buying an additional 504 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in MKS Instruments by 2.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 18,690 shares of the scientific and technical instruments company’s stock valued at $2,162,000 after buying an additional 510 shares during the period. GSA Capital Partners LLP increased its holdings in MKS Instruments by 14.1% during the first quarter. GSA Capital Partners LLP now owns 4,131 shares of the scientific and technical instruments company’s stock valued at $478,000 after buying an additional 510 shares during the period. Finally, FDx Advisors Inc. increased its holdings in MKS Instruments by 8.7% during the fourth quarter. FDx Advisors Inc. now owns 7,380 shares of the scientific and technical instruments company’s stock valued at $697,000 after buying an additional 592 shares during the period. 93.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Peter Hanley sold 430 shares of MKS Instruments stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $123.40, for a total transaction of $53,062.00. Following the completion of the sale, the director now directly owns 1,992 shares in the company, valued at $245,812.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gerard G. Colella sold 10,000 shares of MKS Instruments stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $101.92, for a total transaction of $1,019,200.00. Following the sale, the chief executive officer now owns 42,294 shares of the company’s stock, valued at $4,310,604.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,184 shares of company stock valued at $1,599,731. 1.67% of the stock is owned by insiders.

Shares of MKSI opened at $112.20 on Friday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.01 and a beta of 0.95. MKS Instruments, Inc. has a twelve month low of $65.90 and a twelve month high of $128.28. 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 (NASDAQ:MKSI) last announced its earnings results on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.07. The company had revenue of $554.00 million during the quarter, compared to the consensus estimate of $530.68 million. MKS Instruments had a net margin of 18.65% and a return on equity of 23.94%. MKS Instruments’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the firm earned $1.27 earnings per share. equities analysts predict that MKS Instruments, Inc. will post 8.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Monday, May 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.71%. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 24th. MKS Instruments’s dividend payout ratio (DPR) is 13.42%.

Several equities analysts recently issued reports on MKSI shares. Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective on the stock in a report on Tuesday, February 6th. ValuEngine downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. Stifel Nicolaus restated a “buy” rating and issued a $133.00 target price on shares of MKS Instruments in a research note on Thursday, February 1st. Finally, Dougherty & Co restated a “buy” rating on shares of MKS Instruments in a research note on Sunday, February 4th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. MKS Instruments presently has an average rating of “Buy” and a consensus price target of $127.14.

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

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