Westpac Banking Corp lifted its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,082 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,500 shares during the quarter. Westpac Banking Corp owned about 0.14% of MKS Instruments worth $5,858,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of MKSI. Itau Unibanco Holding S.A. acquired a new position in shares of MKS Instruments during the 2nd quarter valued at $155,000. Creative Planning lifted its holdings in MKS Instruments by 34.8% in the 2nd quarter. Creative Planning now owns 2,423 shares of the scientific and technical instruments company’s stock worth $232,000 after buying an additional 625 shares in the last quarter. Investment Counselors of Maryland LLC acquired a new position in MKS Instruments in the 3rd quarter worth $238,000. Virtu Financial LLC acquired a new position in MKS Instruments in the 2nd quarter worth $240,000. Finally, Palouse Capital Management Inc. acquired a new position in MKS Instruments in the 3rd quarter worth $245,000. Institutional investors and hedge funds own 93.89% of the company’s stock.
A number of equities analysts have commented on MKSI shares. Zacks Investment Research lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Citigroup cut their price objective on shares of MKS Instruments from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Tuesday, September 25th. ValuEngine lowered shares of MKS Instruments from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. BidaskClub upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Cowen set a $100.00 price objective on shares of MKS Instruments and gave the stock a “buy” rating in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $118.00.
Shares of MKSI stock opened at $76.55 on Friday. MKS Instruments, Inc. has a 12 month low of $67.83 and a 12 month high of $128.28. The company has a current ratio of 5.38, a quick ratio of 3.86 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.84 and a beta of 0.88.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. The firm had revenue of $487.00 million for the quarter, compared to analyst estimates of $492.88 million. MKS Instruments had a net margin of 18.76% and a return on equity of 25.57%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. Sell-side analysts forecast that MKS Instruments, Inc. will post 7.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, November 23rd. MKS Instruments’s payout ratio is currently 13.42%.
MKS Instruments Company Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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