Cubist Systematic Strategies LLC Reduces Stake in MKS Instruments, Inc. (MKSI)

Cubist Systematic Strategies LLC cut its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 92.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,514 shares of the scientific and technical instruments company’s stock after selling 41,007 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in MKS Instruments were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MKSI. Vanguard Group Inc. increased its position in MKS Instruments by 3.5% during the second quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock worth $327,924,000 after buying an additional 163,192 shares during the last quarter. State Street Corp increased its position in MKS Instruments by 4.9% during the second quarter. State Street Corp now owns 1,350,159 shares of the scientific and technical instruments company’s stock worth $90,865,000 after buying an additional 63,140 shares during the last quarter. Allianz Asset Management GmbH increased its position in MKS Instruments by 121.5% during the third quarter. Allianz Asset Management GmbH now owns 869,399 shares of the scientific and technical instruments company’s stock worth $82,115,000 after buying an additional 476,810 shares during the last quarter. Northern Trust Corp increased its position in MKS Instruments by 4.6% during the second quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock worth $49,954,000 after buying an additional 32,701 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in MKS Instruments by 34.6% during the third quarter. Principal Financial Group Inc. now owns 569,835 shares of the scientific and technical instruments company’s stock worth $53,822,000 after buying an additional 146,476 shares during the last quarter. 95.42% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Dougherty & Co increased their target price on shares of MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank increased their target price on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $108.00 price target (up from $98.00) on shares of MKS Instruments in a report on Tuesday, October 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. MKS Instruments presently has an average rating of “Buy” and an average price target of $109.75.

Shares of MKS Instruments, Inc. (MKSI) opened at $99.00 on Thursday. The company has a current ratio of 4.23, a quick ratio of 3.10 and a debt-to-equity ratio of 0.29. MKS Instruments, Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $110.60. The stock has a market cap of $5,370.00, a PE ratio of 17.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.10. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The company had revenue of $486.27 million during the quarter, compared to analysts’ expectations of $476.24 million. During the same period in the prior year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. equities research analysts predict that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.73%. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, November 24th. MKS Instruments’s dividend payout ratio is 12.88%.

In related news, Director Elizabeth Mora sold 300 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $94.10, for a total value of $28,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dennis L. Werth sold 3,639 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $96.88, for a total transaction of $352,546.32. Following the completion of the sale, the vice president now owns 4,199 shares of the company’s stock, valued at approximately $406,799.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,252 shares of company stock valued at $1,311,187. 1.65% of the stock is owned by corporate insiders.

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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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