MKS Instruments, Inc. (MKSI) Stake Lifted by Mackay Shields LLC
Mackay Shields LLC increased its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 31.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,245 shares of the scientific and technical instruments company’s stock after buying an additional 20,188 shares during the period. Mackay Shields LLC owned about 0.16% of MKS Instruments worth $8,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of MKS Instruments by 2.6% during 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 buying an additional 153,820 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of MKS Instruments by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the scientific and technical instruments company’s stock valued at $1,416,000 after buying an additional 500 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of MKS Instruments by 308.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,361 shares of the scientific and technical instruments company’s stock valued at $513,000 after buying an additional 4,047 shares in the last quarter. Profund Advisors LLC lifted its holdings in MKS Instruments by 7.4% in the 1st quarter. Profund Advisors LLC now owns 21,153 shares of the scientific and technical instruments company’s stock valued at $2,446,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Westpac Banking Corp lifted its holdings in MKS Instruments by 1,026.8% in the 2nd quarter. Westpac Banking Corp now owns 57,582 shares of the scientific and technical instruments company’s stock valued at $5,511,000 after purchasing an additional 52,472 shares in the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.
In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $113.40, for a total value of $42,525.00. Following the completion of the sale, the director now directly owns 16,162 shares of the company’s stock, valued at approximately $1,832,770.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Hanley sold 500 shares of the firm’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $117.99, for a total value of $58,995.00. Following the completion of the sale, the director now directly owns 2,741 shares of the company’s stock, valued at $323,410.59. The disclosure for this sale can be found here. Insiders sold a total of 2,998 shares of company stock valued at $309,377 over the last ninety days. Corporate insiders own 1.67% of the company’s stock.
Shares of MKSI stock opened at $90.20 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.66 and a current ratio of 5.03. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.95 and a beta of 0.94. MKS Instruments, Inc. has a fifty-two week low of $77.40 and a fifty-two week high of $128.28.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.11. The company had revenue of $573.14 million for the quarter, compared to analyst estimates of $567.99 million. MKS Instruments had a return on equity of 25.69% and a net margin of 17.95%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 EPS. sell-side analysts expect that MKS Instruments, Inc. will post 8.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Monday, August 27th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 13.42%.
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.
Further Reading: Asset Allocation and Your Retirement
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