Dynamic Technology Lab Private Ltd Acquires 31,177 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Dynamic Technology Lab Private Ltd grew its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 224.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,050 shares of the scientific and technical instruments company’s stock after purchasing an additional 31,177 shares during the quarter. MKS Instruments makes up 0.5% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 10th largest holding. Dynamic Technology Lab Private Ltd owned about 0.07% of MKS Instruments worth $4,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake in MKS Instruments by 196.9% during 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. UMB Bank n.a. grew its position in shares of 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 acquiring an additional 122 shares during the last quarter. Key Financial Inc acquired a new stake in shares of MKS Instruments in the 2nd quarter worth about $39,000. BOKF NA bought a new stake in MKS Instruments in the 2nd quarter valued at about $39,000. Finally, Quarry LP acquired a new position in MKS Instruments during the 2nd quarter valued at about $39,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MKS Instruments

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total value of $27,225.00. Following the completion of the sale, the director now owns 10,283 shares of the company’s stock, valued at $1,119,818.70. The trade was a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total transaction of $31,891.75. Following the completion of the transaction, the director now directly owns 17,934 shares in the company, valued at approximately $2,079,805.98. This represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MKSI has been the topic of several analyst reports. Wells Fargo & Company cut their price target on MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Cantor Fitzgerald assumed coverage on MKS Instruments in a research report on Tuesday, September 10th. They issued an “overweight” rating and a $140.00 target price on the stock. Morgan Stanley assumed coverage on MKS Instruments in a research report on Monday, August 5th. They set an “overweight” rating and a $155.00 price target for the company. Citigroup downgraded shares of MKS Instruments from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $145.00 to $120.00 in a report on Monday, September 16th. Finally, Benchmark reissued a “buy” rating and set a $142.00 target price on shares of MKS Instruments in a research note on Monday, November 18th. Five 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.09.

MKS Instruments Trading Up 1.1 %

MKS Instruments stock opened at $114.92 on Monday. MKS Instruments, Inc. has a 1 year low of $77.25 and a 1 year high of $147.40. The firm’s 50 day moving average price is $107.01 and its two-hundred day moving average price is $118.42. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 255.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.21 and a current ratio of 3.42.

MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $896.00 million for the quarter, compared to analysts’ expectations of $874.29 million. During the same period in the previous year, the firm posted $1.46 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, research analysts predict that MKS Instruments, Inc. will post 6.22 EPS 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 dividend yield of 0.77%. The ex-dividend date is Monday, November 25th. MKS Instruments’s payout ratio 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.