California State Teachers Retirement System Trims Position in MKS Instruments, Inc. (MKSI)

California State Teachers Retirement System decreased its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,521 shares of the scientific and technical instruments company’s stock after selling 9,340 shares during the period. California State Teachers Retirement System owned 0.18% of MKS Instruments worth $6,429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MKSI. LS Investment Advisors LLC raised its holdings in MKS Instruments by 0.5% during the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 19 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in MKS Instruments by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 4,273 shares of the scientific and technical instruments company’s stock valued at $288,000 after buying an additional 21 shares in the last quarter. World Asset Management Inc raised its holdings in MKS Instruments by 2.8% during the second quarter. World Asset Management Inc now owns 3,538 shares of the scientific and technical instruments company’s stock valued at $238,000 after buying an additional 95 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in MKS Instruments by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the scientific and technical instruments company’s stock valued at $1,481,000 after buying an additional 100 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in MKS Instruments by 0.4% during the second quarter. Arizona State Retirement System now owns 28,176 shares of the scientific and technical instruments company’s stock valued at $1,896,000 after buying an additional 100 shares in the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Deutsche Bank AG raised their target price on MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a report on Thursday. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Stifel Nicolaus reiterated 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. Dougherty & Co lifted their price objective on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, KeyCorp reiterated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research note on Saturday, September 16th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $109.75.

MKS Instruments, Inc. (NASDAQ MKSI) opened at 106.85 on Friday. MKS Instruments, Inc. has a 52 week low of $48.05 and a 52 week high of $107.05. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 22.20 and a beta of 1.13. The company’s 50-day moving average price is $94.59 and its 200 day moving average price is $82.13.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The firm had revenue of $486.27 million for the quarter, compared to analysts’ expectations of $476.24 million. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The business’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. On average, analysts predict that MKS Instruments, Inc. will post $5.90 EPS for the current year.

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In other MKS Instruments news, 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 value of $158,600.00. Following the transaction, the vice president now directly owns 15,785 shares of the company’s stock, valued at approximately $1,251,750.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Seth H. Bagshaw sold 7,500 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the transaction, the chief financial officer now directly owns 21,615 shares in the company, valued at $1,854,567. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,100 shares of company stock worth $851,885. Insiders own 1.65% of the company’s stock.

About MKS Instruments

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.

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

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