MKS Instruments, Inc. (NASDAQ:MKSI) Shares Purchased by Equitable Trust Co.

Equitable Trust Co. grew its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,035 shares of the scientific and technical instruments company’s stock after purchasing an additional 109 shares during the quarter. Equitable Trust Co.’s holdings in MKS Instruments were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. AE Wealth Management LLC grew its holdings in shares of MKS Instruments by 5.9% during the second quarter. AE Wealth Management LLC now owns 1,659 shares of the scientific and technical instruments company’s stock worth $217,000 after purchasing an additional 92 shares during the last quarter. US Bancorp DE boosted its position in shares of MKS Instruments by 2.4% in the 3rd quarter. US Bancorp DE now owns 4,942 shares of the scientific and technical instruments company’s stock valued at $537,000 after purchasing an additional 118 shares during the period. Allspring Global Investments Holdings LLC grew its stake in MKS Instruments by 62.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 309 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 119 shares during the last quarter. UMB Bank n.a. increased its position in MKS Instruments by 53.7% during the third quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 122 shares during the period. Finally, Verity Asset Management Inc. lifted its stake in MKS Instruments by 6.3% in the first quarter. Verity Asset Management Inc. now owns 2,085 shares of the scientific and technical instruments company’s stock valued at $277,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

MKS Instruments Stock Up 0.6 %

MKSI opened at $116.29 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 3.42 and a quick ratio of 2.31. MKS Instruments, Inc. has a 12 month low of $67.57 and a 12 month high of $147.40. The stock has a market capitalization of $7.83 billion, a P/E ratio of 258.42, a P/E/G ratio of 0.82 and a beta of 1.63. The business has a 50 day simple moving average of $106.63 and a 200-day simple moving average of $119.09.

MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.27. MKS Instruments had a return on equity of 15.79% and a net margin of 0.90%. The company had revenue of $896.00 million during the quarter, compared to the consensus estimate of $874.29 million. During the same quarter last year, the company earned $1.46 earnings per share. MKS Instruments’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts anticipate that MKS Instruments, Inc. will post 5.73 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, November 25th. MKS Instruments’s dividend payout ratio (DPR) is 195.56%.

Wall Street Analysts Forecast Growth

MKSI has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on shares of MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Needham & Company LLC lifted their price objective on shares of MKS Instruments from $153.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $142.00 target price on shares of MKS Instruments in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on MKS Instruments from $140.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Finally, Citigroup cut MKS Instruments from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $145.00 to $120.00 in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MKS Instruments has a consensus rating of “Moderate Buy” and an average target price of $141.09.

Insider Activity

In related news, EVP John Edward Williams sold 1,800 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.71, for a total value of $213,678.00. Following the sale, the executive vice president now directly owns 13 shares in the company, valued at $1,543.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John Edward Williams sold 1,800 shares of MKS Instruments stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $118.71, for a total transaction of $213,678.00. Following the completion of the transaction, the executive vice president now directly owns 13 shares in the company, valued at $1,543.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Elizabeth Mora sold 275 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total value of $31,891.75. Following the sale, the director now owns 17,934 shares in the company, valued at approximately $2,079,805.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,325 shares of company stock worth $272,795 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

About MKS Instruments

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.