International Assets Investment Management LLC Has $1.11 Million Holdings in MKS Instruments, Inc. (NASDAQ:MKSI)

International Assets Investment Management LLC raised its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 13,537.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,228 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,153 shares during the quarter. International Assets Investment Management LLC’s holdings in MKS Instruments were worth $1,112,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of MKS Instruments in the 1st quarter valued at about $25,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of MKS Instruments by 196.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company’s stock valued at $31,000 after acquiring an additional 191 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of MKS Instruments by 53.7% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company’s stock valued at $38,000 after acquiring an additional 122 shares in the last quarter. Key Financial Inc bought a new position in MKS Instruments during the second quarter worth about $39,000. Finally, BOKF NA bought a new position in MKS Instruments during the second quarter worth about $39,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MKSI shares. Bank of America started coverage on MKS Instruments in a report on Wednesday, July 10th. They set a “buy” rating and a $160.00 price target for the company. Morgan Stanley initiated coverage on MKS Instruments in a report on Monday, August 5th. They set an “overweight” rating and a $155.00 price objective for the company. Needham & Company LLC boosted their price objective on MKS Instruments from $153.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup cut MKS Instruments from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $145.00 to $120.00 in a report on Monday, September 16th. Finally, The Goldman Sachs Group started coverage on MKS Instruments in a report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.09.

MKS Instruments Stock Performance

NASDAQ MKSI opened at $99.57 on Tuesday. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 905.18, a PEG ratio of 0.70 and a beta of 1.63. MKS Instruments, Inc. has a twelve month low of $67.04 and a twelve month high of $147.40. The stock has a fifty day simple moving average of $107.71 and a 200 day simple moving average of $119.24. 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 quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.51. The business 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 company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. Sell-side analysts expect that MKS Instruments, Inc. will post 5.61 EPS for the current year.

Insider Activity at MKS Instruments

In other news, EVP John Edward Williams sold 1,800 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $118.71, for a total value of $213,678.00. Following the completion of the sale, the executive vice president now owns 13 shares in the company, valued at $1,543.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Jacqueline F. Moloney sold 250 shares of the 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 completion of the transaction, the director now owns 10,283 shares in the company, valued at approximately $1,119,818.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Edward Williams sold 1,800 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $118.71, for a total value of $213,678.00. Following the sale, the executive vice president now owns 13 shares in the company, valued at approximately $1,543.23. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,325 shares of company stock valued at $272,795. 0.46% of the stock is owned by corporate insiders.

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.