Monarch Partners Asset Management LLC Purchases Shares of 144,320 MKS Instruments, Inc. (MKSI)

Monarch Partners Asset Management LLC purchased a new position in MKS Instruments, Inc. (NASDAQ:MKSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 144,320 shares of the scientific and technical instruments company’s stock, valued at approximately $9,713,000. Monarch Partners Asset Management LLC owned 0.27% of MKS Instruments as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in MKS Instruments by 50,850.9% in the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock worth $452,712,000 after buying an additional 6,571,973 shares during the last quarter. Vanguard Group Inc. raised its position in MKS Instruments by 5.0% in the first quarter. Vanguard Group Inc. now owns 4,709,382 shares of the scientific and technical instruments company’s stock worth $323,770,000 after buying an additional 223,363 shares during the period. State Street Corp raised its position in MKS Instruments by 3.1% in the first quarter. State Street Corp now owns 1,287,019 shares of the scientific and technical instruments company’s stock worth $88,488,000 after buying an additional 38,586 shares during the period. Bank of New York Mellon Corp raised its position in MKS Instruments by 32.6% in the first quarter. Bank of New York Mellon Corp now owns 946,072 shares of the scientific and technical instruments company’s stock worth $65,042,000 after buying an additional 232,778 shares during the period. Finally, OppenheimerFunds Inc. raised its position in MKS Instruments by 7.6% in the first quarter. OppenheimerFunds Inc. now owns 925,777 shares of the scientific and technical instruments company’s stock worth $63,648,000 after buying an additional 65,689 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

MKS Instruments, Inc. (MKSI) opened at 77.20 on Friday. The company’s 50 day moving average is $76.54 and its 200-day moving average is $73.16. MKS Instruments, Inc. has a 52-week low of $45.85 and a 52-week high of $88.40. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 16.04 and a beta of 1.07.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The company had revenue of $481 million for the quarter, compared to the consensus estimate of $463.86 million. During the same period in the prior year, the firm posted $0.72 EPS. MKS Instruments’s revenue for the quarter was up 47.6% on a year-over-year basis. Equities analysts anticipate that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is 14.58%.

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A number of research firms have weighed in on MKSI. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. ValuEngine raised shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Dougherty & Co reaffirmed a “buy” rating and issued a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 18th. Finally, Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Friday, April 21st. Seven analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $84.00.

In related news, Director Peter Hanley sold 1,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now directly owns 3,372 shares of the company’s stock, valued at approximately $280,617.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total transaction of $158,600.00. Following the sale, the vice president now directly owns 15,785 shares in the company, valued at $1,251,750.50. The disclosure for this sale can be found here. Insiders have sold a total of 7,250 shares of company stock worth $580,690 over the last three months. 1.65% of the stock is currently owned by insiders.

MKS Instruments Company Profile

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

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