Charles Schwab Investment Management Inc. lifted its holdings in MKS Instruments, Inc. (NASDAQ:MKSI – Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,153 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,637 shares during the period. Charles Schwab Investment Management Inc.’s holdings in MKS Instruments were worth $45,564,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. grew its position in shares of MKS Instruments by 73.0% in the first quarter. Ronald Blue Trust Inc. now owns 353 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 149 shares in the last quarter. GoalVest Advisory LLC acquired a new position in MKS Instruments during the first quarter worth $99,000. Covestor Ltd lifted its stake 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 purchasing an additional 111 shares in the last quarter. Mendota Financial Group LLC acquired a new stake in shares of MKS Instruments in the first quarter valued at $111,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of MKS Instruments in the first quarter valued at $135,000. 99.25% of the stock is currently owned by hedge funds and other institutional investors.
MKS Instruments Trading Down 4.6 %
Shares of MKS Instruments stock opened at $93.35 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.27 and a quick ratio of 2.03. MKS Instruments, Inc. has a 1 year low of $64.77 and a 1 year high of $114.15. The company has a market capitalization of $6.24 billion, a P/E ratio of -3.56 and a beta of 1.56. The business has a 50 day moving average price of $101.23 and a 200 day moving average price of $94.51.
MKS Instruments Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, August 25th. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. MKS Instruments’s dividend payout ratio (DPR) is -3.36%.
Wall Street Analysts Forecast Growth
MKSI has been the topic of several recent analyst reports. StockNews.com initiated coverage on MKS Instruments in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Wells Fargo & Company increased their target price on shares of MKS Instruments from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, July 14th. Benchmark increased their target price on shares of MKS Instruments from $105.00 to $115.00 in a research note on Thursday, June 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $113.00 target price on shares of MKS Instruments in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.10.
Get Our Latest Stock Report on MKSI
Insider Buying and Selling
In other MKS Instruments news, Director Elizabeth Mora sold 250 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $108.49, for a total value of $27,122.50. Following the completion of the transaction, the director now directly owns 17,612 shares of the company’s stock, valued at approximately $1,910,725.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Elizabeth Mora sold 250 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $108.49, for a total transaction of $27,122.50. Following the sale, the director now owns 17,612 shares in the company, valued at $1,910,725.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathleen Flaherty Burke sold 11,563 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $101.23, for a total transaction of $1,170,522.49. Following the sale, the executive vice president now owns 42,738 shares in the company, valued at approximately $4,326,367.74. The disclosure for this sale can be found here. In the last three months, insiders sold 47,063 shares of company stock valued at $4,654,057. Company insiders own 0.46% of the company’s stock.
MKS Instruments Profile
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.
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