New York State Teachers Retirement System Has $10.39 Million Position in MKS Instruments, Inc. (MKSI)
New York State Teachers Retirement System decreased its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 0.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,698 shares of the scientific and technical instruments company’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System’s holdings in MKS Instruments were worth $10,393,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc lifted its stake in shares of MKS Instruments by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 4,970,996 shares of the scientific and technical instruments company’s stock valued at $398,425,000 after buying an additional 35,168 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of MKS Instruments by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,752,542 shares of the scientific and technical instruments company’s stock valued at $113,231,000 after buying an additional 107,462 shares in the last quarter. Royce & Associates LP lifted its stake in shares of MKS Instruments by 31.8% during the 4th quarter. Royce & Associates LP now owns 1,402,765 shares of the scientific and technical instruments company’s stock valued at $90,633,000 after buying an additional 338,387 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of MKS Instruments by 38.6% during the 4th quarter. Bank of New York Mellon Corp now owns 958,212 shares of the scientific and technical instruments company’s stock valued at $61,910,000 after buying an additional 266,749 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of MKS Instruments by 17.3% during the 4th quarter. FMR LLC now owns 670,065 shares of the scientific and technical instruments company’s stock valued at $43,293,000 after buying an additional 98,788 shares in the last quarter. Institutional investors own 90.07% of the company’s stock.
In other news, Director Elizabeth Mora sold 375 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $83.90, for a total value of $31,462.50. Following the sale, the director now directly owns 15,037 shares in the company, valued at approximately $1,261,604.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.24% of the company’s stock.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $463.60 million for the quarter, compared to the consensus estimate of $460.64 million. MKS Instruments had a net margin of 15.13% and a return on equity of 20.38%. MKS Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 EPS. On average, equities analysts forecast that MKS Instruments, Inc. will post 5.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.06%. MKS Instruments’s dividend payout ratio is currently 10.22%.
A number of research firms recently weighed in on MKSI. BidaskClub cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday. Susquehanna Bancshares started coverage on shares of MKS Instruments in a report on Wednesday, May 15th. They issued a “positive” rating and a $123.00 price target on the stock. Cowen reiterated an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of MKS Instruments in a report on Tuesday, April 30th. Deutsche Bank lifted their price target on shares of MKS Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Zacks Investment Research downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. MKS Instruments presently has a consensus rating of “Buy” and a consensus target price of $113.44.
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MKS Instruments Company Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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