Aigen Investment Management LP grew its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI – Free Report) by 705.3% in the third quarter, Holdings Channel reports. The fund owned 12,547 shares of the scientific and technical instruments company’s stock after buying an additional 10,989 shares during the quarter. Aigen Investment Management LP’s holdings in MKS Instruments were worth $1,364,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MKSI. Allspring Global Investments Holdings LLC purchased a new stake in MKS Instruments during the first quarter valued at $25,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of MKS Instruments by 196.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company’s stock worth $31,000 after buying an additional 191 shares during the last quarter. Key Financial Inc purchased a new stake in shares of MKS Instruments during the 2nd quarter valued at about $39,000. Quarry LP bought a new position in shares of MKS Instruments in the 2nd quarter valued at about $39,000. Finally, BOKF NA purchased a new position in MKS Instruments in the second quarter worth about $39,000. 99.79% of the stock is owned by hedge funds and other institutional investors.
MKS Instruments Stock Performance
NASDAQ:MKSI traded down $0.26 during trading hours on Tuesday, reaching $113.91. The company had a trading volume of 23,240 shares, compared to its average volume of 822,960. The business’s 50 day moving average price is $106.53 and its 200-day moving average price is $119.08. MKS Instruments, Inc. has a 1-year low of $69.01 and a 1-year high of $147.40. The firm has a market cap of $7.67 billion, a PE ratio of 253.71, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.77%. MKS Instruments’s payout ratio is currently 195.56%.
Insider Activity
In related news, EVP John Edward Williams sold 1,800 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $118.71, for a total value of $213,678.00. Following the completion of the sale, the executive vice president now directly owns 13 shares of the company’s stock, valued at $1,543.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jacqueline F. Moloney sold 250 shares of MKS Instruments stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value of $27,225.00. Following the sale, the director now owns 10,283 shares of the company’s stock, valued at $1,119,818.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Edward Williams sold 1,800 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $118.71, for a total transaction of $213,678.00. Following the transaction, the executive vice president now owns 13 shares in the company, valued at approximately $1,543.23. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,325 shares of company stock worth $272,795. 0.46% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MKSI. The Goldman Sachs Group assumed coverage on MKS Instruments in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price objective on the stock. Citigroup downgraded MKS Instruments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $145.00 to $120.00 in a research report on Monday, September 16th. Benchmark reiterated a “buy” rating and set a $142.00 price objective on shares of MKS Instruments in a research report on Thursday, August 8th. Morgan Stanley initiated coverage on shares of MKS Instruments in a report on Monday, August 5th. They issued an “overweight” rating and a $155.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of MKS Instruments from $140.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.09.
Get Our Latest Analysis on MKS Instruments
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.
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