Ameriprise Financial Inc. raised its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 422,076 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,507 shares during the period. Ameriprise Financial Inc. owned approximately 0.78% of MKS Instruments worth $39,864,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its stake in shares of MKS Instruments by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock worth $139,000 after buying an additional 863 shares during the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of MKS Instruments in the 3rd quarter worth approximately $204,000. Creative Planning boosted its stake in shares of MKS Instruments by 22.8% in the 2nd quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 416 shares during the last quarter. CAPROCK Group Inc. purchased a new position in shares of MKS Instruments in the 3rd quarter worth approximately $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MKS Instruments by 12.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,482 shares of the scientific and technical instruments company’s stock worth $167,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.
MKS Instruments, Inc. (NASDAQ:MKSI) opened at $93.45 on Friday. MKS Instruments, Inc. has a 12 month low of $53.51 and a 12 month high of $110.60. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5,073.87, a P/E ratio of 17.67, a P/E/G ratio of 1.01 and a beta of 1.05.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be paid a $0.18 dividend. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, November 24th. This represents a $0.72 annualized dividend and a yield of 0.77%. MKS Instruments’s dividend payout ratio is presently 12.90%.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $107.90, for a total transaction of $215,800.00. Following the sale, the vice president now owns 13,785 shares of the company’s stock, valued at approximately $1,487,401.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the sale, the chief financial officer now directly owns 21,615 shares in the company, valued at approximately $1,854,567. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,913 shares of company stock worth $1,104,039. 1.65% of the stock is owned by company insiders.
A number of brokerages have recently weighed in on MKSI. KeyCorp restated an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a research note on Saturday, September 16th. ValuEngine downgraded MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus restated a “buy” rating and issued a $108.00 target price (up previously from $98.00) on shares of MKS Instruments in a research note on Tuesday, October 24th. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Finally, Dougherty & Co boosted their target price on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $109.75.
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MKS Instruments 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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