MKS Instruments, Inc. (NASDAQ:MKSI) Shares Sold by Texas Permanent School Fund

Posted by on May 8th, 2023

Texas Permanent School Fund cut its holdings in MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,452 shares of the scientific and technical instruments company’s stock after selling 2,676 shares during the quarter. Texas Permanent School Fund owned about 0.06% of MKS Instruments worth $3,258,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its stake in shares of MKS Instruments by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the scientific and technical instruments company’s stock worth $1,296,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System boosted its holdings in MKS Instruments by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 14,540 shares of the scientific and technical instruments company’s stock worth $1,232,000 after buying an additional 100 shares in the last quarter. Covestor Ltd boosted its holdings in MKS Instruments by 19.1% during the first quarter. Covestor Ltd now owns 692 shares of the scientific and technical instruments company’s stock worth $104,000 after buying an additional 111 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in MKS Instruments by 4.7% during the first quarter. Eqis Capital Management Inc. now owns 2,811 shares of the scientific and technical instruments company’s stock worth $422,000 after buying an additional 125 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of MKS Instruments by 1.2% in the third quarter. Guggenheim Capital LLC now owns 10,763 shares of the scientific and technical instruments company’s stock valued at $889,000 after purchasing an additional 130 shares in the last quarter. 86.77% of the stock is currently owned by institutional investors and hedge funds.

MKS Instruments Trading Up 5.2 %

NASDAQ MKSI opened at $88.52 on Monday. The company’s fifty day moving average price is $86.33 and its two-hundred day moving average price is $87.62. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.14 and a quick ratio of 1.91. MKS Instruments, Inc. has a 12 month low of $64.77 and a 12 month high of $125.56. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 34.31 and a beta of 1.55.

MKS Instruments (NASDAQ:MKSI – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.76. MKS Instruments had a net margin of 4.11% and a return on equity of 11.77%. The business had revenue of $794.00 million for the quarter, compared to analysts’ expectations of $769.85 million. During the same quarter last year, the company earned $2.71 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts predict that MKS Instruments, Inc. will post 3.15 earnings per share for the current fiscal year.

MKS Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Monday, February 27th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 24th. This represents a $0.88 annualized dividend and a yield of 0.99%. MKS Instruments’s payout ratio is 34.11%.

Analyst Upgrades and Downgrades

MKSI has been the topic of several recent research reports. Citigroup upped their price target on shares of MKS Instruments from $100.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, March 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price target (up previously from $110.00) on shares of MKS Instruments in a report on Tuesday, February 28th. KeyCorp boosted their price objective on shares of MKS Instruments from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, January 13th. StockNews.com lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Finally, Wells Fargo & Company cut their price objective on shares of MKS Instruments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.36.

MKS Instruments Profile

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MKS Instruments, Inc provides instruments, systems, subsystems and process control solutions to measure, control, power, monitor, and analyze parameters of manufacturing processes to improve process performance and productivity for its customers. It operates through the following segments: Vacuum & Analysis, Light & Motion and Equipment & Solutions.

See Also

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

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