Mackenzie Financial Corp Acquires 5,070 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Mackenzie Financial Corp grew its holdings in MKS Instruments, Inc. (NASDAQ:MKSI) by 119.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,330 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,070 shares during the quarter. Mackenzie Financial Corp’s holdings in MKS Instruments were worth $1,218,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of MKS Instruments by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,892,941 shares of the scientific and technical instruments company’s stock worth $709,077,000 after acquiring an additional 39,045 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of MKS Instruments by 143.1% during the first quarter. Nordea Investment Management AB now owns 2,141,676 shares of the scientific and technical instruments company’s stock worth $282,102,000 after buying an additional 1,260,792 shares during the period. Principal Financial Group Inc. boosted its position in shares of MKS Instruments by 1.1% during the first quarter. Principal Financial Group Inc. now owns 911,243 shares of the scientific and technical instruments company’s stock worth $121,195,000 after buying an additional 10,079 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of MKS Instruments by 5.1% during the first quarter. Westfield Capital Management Co. LP now owns 620,063 shares of the scientific and technical instruments company’s stock worth $82,468,000 after buying an additional 30,348 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its position in shares of MKS Instruments by 20.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 545,516 shares of the scientific and technical instruments company’s stock worth $56,117,000 after buying an additional 90,956 shares during the period. 99.79% of the stock is currently owned by institutional investors.

Insider Transactions at MKS Instruments

In other news, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total transaction of $27,225.00. Following the transaction, the director now owns 10,283 shares in the company, valued at $1,119,818.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total transaction of $27,225.00. Following the transaction, the director now owns 10,283 shares in the company, valued at approximately $1,119,818.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John Edward Williams sold 1,800 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $118.71, for a total value of $213,678.00. Following the transaction, the executive vice president now owns 13 shares in the company, valued at approximately $1,543.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,575 shares of company stock worth $303,660. Company insiders own 0.46% of the company’s stock.

MKS Instruments Stock Performance

MKSI opened at $104.89 on Friday. MKS Instruments, Inc. has a 12-month low of $63.44 and a 12-month high of $147.40. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of -3.93, a PEG ratio of 0.77 and a beta of 1.64. The business has a 50 day moving average of $112.85 and a 200-day moving average of $122.77. The company has a quick ratio of 2.31, a current ratio of 3.58 and a debt-to-equity ratio of 2.16.

MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.51. The company had revenue of $887.00 million for the quarter, compared to analyst estimates of $866.38 million. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 earnings per share. On average, equities research analysts expect that MKS Instruments, Inc. will post 5.6 earnings per share for the current year.

MKS Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.84%. MKS Instruments’s dividend payout ratio (DPR) is currently -3.30%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MKSI shares. Benchmark reaffirmed a “buy” rating and set a $142.00 price objective on shares of MKS Instruments in a research report on Thursday, August 8th. Citigroup cut MKS Instruments from a “buy” rating to a “neutral” rating and reduced their price target for the company from $145.00 to $120.00 in a research report on Monday, September 16th. Bank of America began coverage on MKS Instruments in a research report on Wednesday, July 10th. They set a “buy” rating and a $160.00 price target for the company. TD Cowen increased their price target on MKS Instruments from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, The Goldman Sachs Group began coverage on MKS Instruments in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, MKS Instruments currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.09.

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, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.