Nicholas Investment Partners LP Buys Shares of 31,935 MKS Instruments, Inc. (MKSI)

Nicholas Investment Partners LP bought a new position in MKS Instruments, Inc. (NASDAQ:MKSI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 31,935 shares of the scientific and technical instruments company’s stock, valued at approximately $3,016,000. Nicholas Investment Partners LP owned approximately 0.06% of MKS Instruments as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of MKS Instruments by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock worth $327,924,000 after acquiring an additional 163,192 shares in the last quarter. State Street Corp raised its position in shares of MKS Instruments by 4.9% in the 2nd quarter. State Street Corp now owns 1,350,159 shares of the scientific and technical instruments company’s stock worth $90,865,000 after acquiring an additional 63,140 shares in the last quarter. Northern Trust Corp increased its position in MKS Instruments by 4.6% during the 2nd quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock valued at $49,954,000 after buying an additional 32,701 shares in the last quarter. Principal Financial Group Inc. increased its position in MKS Instruments by 34.6% during the 3rd quarter. Principal Financial Group Inc. now owns 569,835 shares of the scientific and technical instruments company’s stock valued at $53,822,000 after buying an additional 146,476 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in MKS Instruments by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 524,265 shares of the scientific and technical instruments company’s stock valued at $49,308,000 after buying an additional 5,245 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

MKSI has been the subject of a number of analyst reports. Dougherty & Co raised their price objective on MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Stifel Nicolaus reaffirmed a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Deutsche Bank raised their price objective on MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, KeyCorp reaffirmed an “outperform” rating and set a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $109.75.

In other MKS Instruments news, COO John Tseng-Chung Lee sold 2,113 shares of MKS Instruments stock in a transaction on Monday, November 13th. The stock was sold at an average price of $104.02, for a total value of $219,794.26. Following the completion of the sale, the chief operating officer now owns 1 shares of the company’s stock, valued at approximately $104.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth Mora sold 300 shares of MKS Instruments stock in a transaction on Friday, December 1st. The stock was sold at an average price of $94.10, for a total value of $28,230.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,913 shares of company stock valued at $1,107,324. Corporate insiders own 1.65% of the company’s stock.

MKS Instruments, Inc. (NASDAQ MKSI) opened at $91.05 on Wednesday. MKS Instruments, Inc. has a 52-week low of $56.10 and a 52-week high of $110.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.10 and a current ratio of 4.23. The firm has a market capitalization of $4,860.00, a P/E ratio of 17.67, a P/E/G ratio of 1.01 and a beta of 1.04.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.10. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company had revenue of $486.27 million during the quarter, compared to analyst estimates of $476.24 million. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. equities analysts forecast that MKS Instruments, Inc. will post 5.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be issued a $0.18 dividend. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.79%. MKS Instruments’s dividend payout ratio (DPR) is presently 12.88%.

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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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