SkyOak Wealth LLC Has $242,000 Holdings in MKS Instruments, Inc. (NASDAQ:MKSI)

SkyOak Wealth LLC trimmed its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,856 shares of the scientific and technical instruments company’s stock after selling 145 shares during the period. SkyOak Wealth LLC’s holdings in MKS Instruments were worth $242,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in shares of MKS Instruments in the fourth quarter valued at about $209,000. Avantax Advisory Services Inc. acquired a new stake in MKS Instruments during the 4th quarter valued at approximately $373,000. Norges Bank bought a new position in MKS Instruments during the 4th quarter worth approximately $117,672,000. UBS Group AG lifted its position in shares of MKS Instruments by 92.8% in the 4th quarter. UBS Group AG now owns 229,385 shares of the scientific and technical instruments company’s stock worth $23,597,000 after purchasing an additional 110,427 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new position in shares of MKS Instruments in the 4th quarter worth approximately $403,000. 99.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

MKSI has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of MKS Instruments in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price objective for the company. Needham & Company LLC increased their price target on MKS Instruments from $153.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Bank of America initiated coverage on MKS Instruments in a research note on Wednesday, July 10th. They issued a “buy” rating and a $160.00 price objective on the stock. TD Cowen upped their target price 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, Morgan Stanley initiated coverage on MKS Instruments in a report on Monday, August 5th. They issued an “overweight” rating and a $155.00 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.00.

MKS Instruments Trading Down 1.2 %

NASDAQ MKSI opened at $107.84 on Thursday. 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, Inc. has a 52 week low of $63.44 and a 52 week high of $147.40. The business has a 50 day moving average price of $118.58 and a 200-day moving average price of $124.08. The company has a market cap of $7.23 billion, a price-to-earnings ratio of -4.10, a P/E/G ratio of 0.79 and a beta of 1.64.

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

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.88 annualized dividend and a yield of 0.82%. MKS Instruments’s payout ratio is -3.30%.

Insider Buying and Selling at MKS Instruments

In other news, Director Elizabeth Mora sold 275 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total value of $31,891.75. Following the completion of the sale, the director now directly owns 17,934 shares of the company’s stock, valued at $2,079,805.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total value of $31,891.75. Following the completion of the sale, the director now owns 17,934 shares in the company, valued at approximately $2,079,805.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Edward Williams sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.71, for a total transaction of $213,678.00. Following the transaction, the executive vice president now directly owns 13 shares in the company, valued at $1,543.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,325 shares of company stock worth $276,435. 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.