Quarry LP Buys New Shares in MKS Instruments, Inc. (NASDAQ:MKSI)

Quarry LP acquired a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 299 shares of the scientific and technical instruments company’s stock, valued at approximately $39,000.

Other institutional investors also recently bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new stake in MKS Instruments during the first quarter worth approximately $25,000. Allspring Global Investments Holdings LLC purchased a new stake in MKS Instruments during the first quarter worth approximately $25,000. Rise Advisors LLC purchased a new stake in MKS Instruments during the first quarter worth approximately $26,000. Key Financial Inc purchased a new stake in MKS Instruments during the second quarter worth approximately $39,000. Finally, BOKF NA purchased a new stake in MKS Instruments during the second quarter worth approximately $39,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

MKS Instruments Trading Up 0.9 %

MKSI opened at $105.86 on Friday. The stock has a market capitalization of $7.10 billion, a PE ratio of -3.97, a P/E/G ratio of 0.77 and a beta of 1.63. The firm’s fifty day moving average price is $112.18 and its 200 day moving average price is $122.54. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.58 and a quick ratio of 2.31. MKS Instruments, Inc. has a 12-month low of $63.44 and a 12-month high of $147.40.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.51. The firm had revenue of $887.00 million for the quarter, compared to analysts’ expectations of $866.38 million. MKS Instruments had a net margin of 0.25% and a return on equity of 14.91%. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. As a group, research analysts expect that MKS Instruments, Inc. will post 5.6 EPS for the current fiscal year.

MKS Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were issued 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 0.83%. MKS Instruments’s dividend payout ratio (DPR) is -3.30%.

Insiders Place Their Bets

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $123.46, for a total transaction of $30,865.00. Following the sale, the director now directly owns 10,533 shares of the company’s stock, valued at approximately $1,300,404.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $123.46, for a total transaction of $30,865.00. Following the sale, the director now directly owns 10,533 shares of the company’s stock, valued at approximately $1,300,404.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Edward Williams sold 1,800 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $118.71, for a total transaction of $213,678.00. Following the sale, the executive vice president now directly owns 13 shares in the company, valued at $1,543.23. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,575 shares of company stock valued at $303,660. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

MKSI has been the subject of several research reports. TD Cowen boosted their price objective on shares of MKS Instruments from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Citigroup downgraded shares of MKS Instruments from a “buy” rating to a “neutral” rating and decreased their target price for the company from $145.00 to $120.00 in a research note on Monday, September 16th. Wells Fargo & Company decreased their target price on shares of MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley started coverage on shares of MKS Instruments in a research note on Monday, August 5th. They issued an “overweight” rating and a $155.00 target price for the company. Finally, 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. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MKS Instruments currently has an average rating of “Moderate Buy” and an average price target 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.