Neuberger Berman Group LLC Has $149.83 Million Stock Position in MKS Instruments, Inc. (NASDAQ:MKSI)
Neuberger Berman Group LLC raised its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,323,240 shares of the scientific and technical instruments company’s stock after buying an additional 122,072 shares during the quarter. Neuberger Berman Group LLC owned 2.40% of MKS Instruments worth $149,834,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. New Mexico Educational Retirement Board increased its stake in MKS Instruments by 38.3% in the first quarter. New Mexico Educational Retirement Board now owns 13,000 shares of the scientific and technical instruments company’s stock valued at $1,059,000 after purchasing an additional 3,600 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of MKS Instruments by 167.2% during the second quarter. Dupont Capital Management Corp now owns 4,331 shares of the scientific and technical instruments company’s stock valued at $490,000 after acquiring an additional 2,710 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of MKS Instruments by 2.0% in the 1st quarter. Legal & General Group Plc now owns 141,013 shares of the scientific and technical instruments company’s stock worth $11,486,000 after purchasing an additional 2,756 shares in the last quarter. Tower Research Capital LLC TRC grew its position in MKS Instruments by 30.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,995 shares of the scientific and technical instruments company’s stock valued at $325,000 after purchasing an additional 935 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in MKS Instruments by 10.3% during the 1st quarter. State of Tennessee Treasury Department now owns 55,125 shares of the scientific and technical instruments company’s stock valued at $4,490,000 after purchasing an additional 5,155 shares in the last quarter. 94.70% of the stock is owned by institutional investors.
In other MKS Instruments news, CFO Seth H. Bagshaw sold 5,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $116.84, for a total value of $584,200.00. Following the sale, the chief financial officer now directly owns 24,169 shares of the company’s stock, valued at $2,823,905.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth Mora sold 450 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $120.28, for a total value of $54,126.00. Following the completion of the sale, the director now directly owns 15,501 shares in the company, valued at $1,864,460.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,455 shares of company stock worth $1,409,161. 1.10% of the stock is owned by insiders.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.44. The firm had revenue of $544.30 million for the quarter, compared to analyst estimates of $491.83 million. MKS Instruments had a net margin of 11.41% and a return on equity of 14.78%. During the same quarter in the previous year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that MKS Instruments, Inc. will post 6.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.80 annualized dividend and a dividend yield of 0.75%. MKS Instruments’s dividend payout ratio is presently 17.70%.
A number of research analysts have recently weighed in on the company. Berenberg Bank initiated coverage on MKS Instruments in a report on Friday, September 11th. They issued a “buy” rating on the stock. Deutsche Bank upped their target price on shares of MKS Instruments from $130.00 to $145.00 in a research note on Friday, July 31st. ValuEngine downgraded shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, September 9th. DA Davidson upgraded MKS Instruments from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, June 18th. Finally, Needham & Company LLC lifted their price target on MKS Instruments from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $137.00.
About MKS Instruments
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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