MKS Instruments Inc. (MKSI) Shares Sold by Victory Capital Management Inc.
Victory Capital Management Inc. cut its position in MKS Instruments Inc. (NASDAQ:MKSI) by 25.1% during the third quarter, Holdings Channel reports. The fund owned 908,892 shares of the company’s stock after selling 305,008 shares during the period. Victory Capital Management Inc.’s holdings in MKS Instruments were worth $45,200,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in MKSI. Putnam FL Investment Management Co. boosted its position in shares of MKS Instruments by 65.3% in the second quarter. Putnam FL Investment Management Co. now owns 36,922 shares of the company’s stock worth $1,590,000 after buying an additional 14,592 shares during the period. Bank of New York Mellon Corp boosted its position in shares of MKS Instruments by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 756,303 shares of the company’s stock worth $32,568,000 after buying an additional 13,388 shares during the period. Moody Aldrich Partners LLC boosted its position in shares of MKS Instruments by 134.5% in the second quarter. Moody Aldrich Partners LLC now owns 44,255 shares of the company’s stock worth $1,906,000 after buying an additional 25,385 shares during the period. Strs Ohio boosted its position in shares of MKS Instruments by 43.8% in the second quarter. Strs Ohio now owns 4,600 shares of the company’s stock worth $198,000 after buying an additional 1,400 shares during the period. Finally, Bank of Montreal Can bought a new position in shares of MKS Instruments during the second quarter worth about $167,000. Hedge funds and other institutional investors own 99.16% of the company’s stock.
MKS Instruments Inc. (NASDAQ:MKSI) traded up 0.77% during trading on Wednesday, hitting $58.70. The stock had a trading volume of 45,432 shares. The firm has a market capitalization of $3.15 billion, a P/E ratio of 37.41 and a beta of 0.98. The stock has a 50 day moving average of $51.43 and a 200 day moving average of $46.62. MKS Instruments Inc. has a one year low of $30.67 and a one year high of $59.10.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.11. MKS Instruments had a return on equity of 10.58% and a net margin of 7.98%. The business earned $380.66 million during the quarter, compared to the consensus estimate of $370.13 million. During the same period in the prior year, the company earned $0.59 EPS. MKS Instruments’s revenue for the quarter was up 81.8% on a year-over-year basis. Equities research analysts expect that MKS Instruments Inc. will post $2.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 28th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.17%. MKS Instruments’s payout ratio is presently 43.04%.
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A number of equities analysts have issued reports on MKSI shares. Stifel Nicolaus raised their target price on MKS Instruments from $54.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, November 23rd. Citigroup Inc. started coverage on MKS Instruments in a report on Wednesday, October 12th. They set a “buy” rating and a $59.00 target price on the stock. Finally, Zacks Investment Research cut MKS Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $54.40.
In other MKS Instruments news, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $47.11, for a total value of $235,550.00. Following the completion of the transaction, the chief executive officer now owns 37,900 shares of the company’s stock, valued at approximately $1,785,469. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert R. Anderson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $56.76, for a total value of $141,900.00. Following the completion of the transaction, the director now directly owns 20,128 shares of the company’s stock, valued at approximately $1,142,465.28. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
About MKS Instruments
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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