115,507 Shares in MKS Instruments, Inc. (NASDAQ:MKSI) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 115,507 shares of the scientific and technical instruments company’s stock, valued at approximately $12,058,000. Harbor Capital Advisors Inc. owned 0.17% of MKS Instruments as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP lifted its holdings in MKS Instruments by 705.3% during the third quarter. Aigen Investment Management LP now owns 12,547 shares of the scientific and technical instruments company’s stock valued at $1,364,000 after purchasing an additional 10,989 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in MKS Instruments by 7.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 141,187 shares of the scientific and technical instruments company’s stock valued at $18,436,000 after acquiring an additional 10,000 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of MKS Instruments during the second quarter valued at about $1,599,000. Citigroup Inc. increased its holdings in shares of MKS Instruments by 7.3% in the third quarter. Citigroup Inc. now owns 444,333 shares of the scientific and technical instruments company’s stock worth $48,303,000 after purchasing an additional 30,216 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of MKS Instruments by 3,928.7% in the second quarter. Hsbc Holdings PLC now owns 76,828 shares of the scientific and technical instruments company’s stock worth $10,110,000 after buying an additional 74,921 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MKSI. JPMorgan Chase & Co. initiated coverage on MKS Instruments in a research note on Friday, December 13th. They issued an “overweight” rating and a $145.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a research report on Monday, November 18th. Wells Fargo & Company lowered their price objective on shares of MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Citigroup upgraded shares of MKS Instruments from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Monday. Finally, Mizuho raised shares of MKS Instruments to a “strong-buy” rating in a report on Monday, October 7th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Insider Buying and Selling at MKS Instruments

In related news, Director Jacqueline F. Moloney sold 300 shares of MKS Instruments stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $114.80, for a total value of $34,440.00. Following the completion of the sale, the director now directly owns 9,983 shares in the company, valued at $1,146,048.40. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.41, for a total transaction of $31,187.75. Following the completion of the sale, the director now directly owns 17,659 shares of the company’s stock, valued at approximately $2,002,707.19. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

MKS Instruments Trading Down 3.1 %

Shares of MKSI traded down $3.47 during mid-day trading on Friday, reaching $107.69. 131,418 shares of the company’s stock traded hands, compared to its average volume of 692,206. The company has a debt-to-equity ratio of 1.98, a current ratio of 3.42 and a quick ratio of 2.21. The stock’s 50-day moving average is $110.02 and its two-hundred day moving average is $113.91. MKS Instruments, Inc. has a 12 month low of $97.54 and a 12 month high of $147.40. The stock has a market cap of $7.25 billion, a P/E ratio of 239.31, a P/E/G ratio of 0.66 and a beta of 1.66.

MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.27. The business had revenue of $896.00 million for the quarter, compared to analyst estimates of $874.29 million. MKS Instruments had a return on equity of 15.79% and a net margin of 0.90%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. Research analysts forecast that MKS Instruments, Inc. will post 6.33 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $0.22 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.88 annualized dividend and a yield of 0.82%. MKS Instruments’s dividend payout ratio (DPR) is 195.56%.

MKS Instruments Company Profile

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.