Capital International Investors Acquires 972 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Capital International Investors lifted its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 0.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,670,229 shares of the scientific and technical instruments company’s stock after acquiring an additional 972 shares during the period. Capital International Investors owned approximately 5.47% of MKS Instruments worth $488,140,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new position in MKS Instruments during the 1st quarter valued at about $25,000. Allspring Global Investments Holdings LLC bought a new position in shares of MKS Instruments in the first quarter worth about $25,000. Rise Advisors LLC bought a new position in shares of MKS Instruments in the first quarter worth about $26,000. Mendota Financial Group LLC bought a new position in shares of MKS Instruments in the fourth quarter worth about $27,000. Finally, GAMMA Investing LLC bought a new position in shares of MKS Instruments in the fourth quarter worth about $35,000. 99.79% of the stock is owned by institutional investors.

MKS Instruments Trading Up 4.0 %

NASDAQ MKSI traded up $4.84 during trading on Friday, reaching $124.57. 838,594 shares of the stock traded hands, compared to its average volume of 783,016. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of -4.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.65. The stock’s 50-day moving average price is $131.99 and its 200 day moving average price is $123.90. The company has a quick ratio of 2.34, a current ratio of 3.69 and a debt-to-equity ratio of 1.94. MKS Instruments, Inc. has a fifty-two week low of $63.44 and a fifty-two week high of $147.40.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.43. MKS Instruments had a negative net margin of 48.24% and a positive return on equity of 13.90%. The firm had revenue of $868.00 million during the quarter, compared to analysts’ expectations of $848.94 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts predict that MKS Instruments, Inc. will post 4.98 EPS for the current year.

MKS Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Friday, May 24th. MKS Instruments’s payout ratio is currently -3.30%.

Wall Street Analyst Weigh In

MKSI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $140.00 target price on shares of MKS Instruments in a research note on Thursday, June 20th. Wells Fargo & Company boosted their target price on shares of MKS Instruments from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Needham & Company LLC boosted their target price on shares of MKS Instruments from $145.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Bank of America started coverage on shares of MKS Instruments in a research note on Wednesday, July 10th. They issued a “buy” rating and a $160.00 target price for the company. Finally, KeyCorp lifted their price target on shares of MKS Instruments from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Insider Buying and Selling at MKS Instruments

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $129.41, for a total value of $35,587.75. Following the transaction, the director now owns 18,209 shares of the company’s stock, valued at $2,356,426.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.46% of the company’s stock.

About MKS Instruments

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.