Gabelli Funds LLC Sells 1,500 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Gabelli Funds LLC reduced its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSIFree Report) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,300 shares of the scientific and technical instruments company’s stock after selling 1,500 shares during the period. Gabelli Funds LLC’s holdings in MKS Instruments were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MKSI. State Board of Administration of Florida Retirement System raised its position in shares of MKS Instruments by 6.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 58,657 shares of the scientific and technical instruments company’s stock valued at $6,341,000 after purchasing an additional 3,806 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of MKS Instruments by 41.1% in the third quarter. First Eagle Investment Management LLC now owns 134,735 shares of the scientific and technical instruments company’s stock worth $11,660,000 after buying an additional 39,255 shares during the last quarter. Tributary Capital Management LLC lifted its stake in shares of MKS Instruments by 4.9% during the third quarter. Tributary Capital Management LLC now owns 6,051 shares of the scientific and technical instruments company’s stock worth $524,000 after buying an additional 283 shares during the period. Scotia Capital Inc. grew its holdings in shares of MKS Instruments by 9.3% during the second quarter. Scotia Capital Inc. now owns 7,095 shares of the scientific and technical instruments company’s stock valued at $767,000 after buying an additional 603 shares during the last quarter. Finally, Strs Ohio increased its position in shares of MKS Instruments by 31.9% in the 3rd quarter. Strs Ohio now owns 95,414 shares of the scientific and technical instruments company’s stock valued at $8,257,000 after acquiring an additional 23,082 shares during the period. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MKS Instruments

In related news, Director Gerard G. Colella sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $110.00, for a total value of $1,100,000.00. Following the transaction, the director now directly owns 78,017 shares of the company’s stock, valued at approximately $8,581,870. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Elizabeth Mora sold 250 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $100.90, for a total transaction of $25,225.00. Following the transaction, the director now directly owns 17,112 shares in the company, valued at $1,726,600.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerard G. Colella sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the transaction, the director now owns 78,017 shares in the company, valued at $8,581,870. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock valued at $1,145,783 over the last 90 days. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. KeyCorp lifted their price target on MKS Instruments from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday. Benchmark lifted their price objective on shares of MKS Instruments from $85.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC upped their price objective on shares of MKS Instruments from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. TheStreet raised shares of MKS Instruments from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Finally, StockNews.com downgraded MKS Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $118.83.

Check Out Our Latest Analysis on MKS Instruments

MKS Instruments Stock Performance

NASDAQ MKSI opened at $119.80 on Friday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of -4.35, a PEG ratio of 3.43 and a beta of 1.65. The stock has a 50-day moving average of $101.35 and a 200 day moving average of $91.24. The company has a current ratio of 2.99, a quick ratio of 2.11 and a debt-to-equity ratio of 1.90. MKS Instruments, Inc. has a twelve month low of $63.44 and a twelve month high of $120.34.

MKS Instruments (NASDAQ:MKSIGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.28. MKS Instruments had a positive return on equity of 9.95% and a negative net margin of 50.80%. The business had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $845.25 million. During the same period in the previous year, the business earned $2.00 earnings per share. The business’s revenue was down 17.7% compared to the same quarter last year. Sell-side analysts anticipate that MKS Instruments, Inc. will post 4.96 EPS for the current fiscal year.

MKS Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Monday, February 26th will be given a $0.22 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.73%. MKS Instruments’s dividend payout ratio (DPR) is -3.19%.

MKS Instruments Profile

(Free Report)

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

See Also

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Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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