American International Group Inc. boosted its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,694 shares of the scientific and technical instruments company’s stock after buying an additional 1,349 shares during the quarter. American International Group Inc.’s holdings in MKS Instruments were worth $8,952,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in MKS Instruments by 0.9% in the 3rd quarter. BlackRock Inc. now owns 5,087,485 shares of the scientific and technical instruments company’s stock valued at $407,762,000 after buying an additional 46,856 shares in the last quarter. Renaissance Technologies LLC boosted its stake in MKS Instruments by 38.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,393,902 shares of the scientific and technical instruments company’s stock valued at $133,396,000 after buying an additional 385,102 shares in the last quarter. Royce & Associates LP boosted its stake in MKS Instruments by 5.3% in the 2nd quarter. Royce & Associates LP now owns 1,000,897 shares of the scientific and technical instruments company’s stock valued at $95,786,000 after buying an additional 50,368 shares in the last quarter. Wells Fargo & Company MN boosted its stake in MKS Instruments by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 930,267 shares of the scientific and technical instruments company’s stock valued at $89,028,000 after buying an additional 16,878 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in MKS Instruments by 27.1% in the 3rd quarter. Victory Capital Management Inc. now owns 584,488 shares of the scientific and technical instruments company’s stock valued at $46,846,000 after buying an additional 124,482 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.
MKS Instruments stock opened at $78.46 on Friday. 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 $4.13 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.82 and a beta of 0.88. MKS Instruments, Inc. has a 52 week low of $67.83 and a 52 week high of $128.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, November 23rd. MKS Instruments’s dividend payout ratio is currently 13.42%.
In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $92.50, for a total value of $34,687.50. Following the transaction, the director now owns 15,787 shares of the company’s stock, valued at $1,460,297.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.67% of the stock is currently owned by insiders.
MKSI has been the topic of several recent analyst reports. Citigroup decreased their price target on MKS Instruments from $118.00 to $101.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. Benchmark reduced their price objective on MKS Instruments to $100.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Cowen set a $100.00 price objective on MKS Instruments and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Stifel Nicolaus reduced their price objective on MKS Instruments from $155.00 to $146.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Finally, BidaskClub raised MKS Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $118.00.
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About MKS Instruments
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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