AE Wealth Management LLC Has $217,000 Stake in MKS Instruments, Inc. (NASDAQ:MKSI)

AE Wealth Management LLC increased its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,659 shares of the scientific and technical instruments company’s stock after buying an additional 92 shares during the period. AE Wealth Management LLC’s holdings in MKS Instruments were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd increased its holdings in MKS Instruments by 111.2% during the second quarter. XTX Topco Ltd now owns 8,345 shares of the scientific and technical instruments company’s stock worth $1,090,000 after buying an additional 4,393 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of MKS Instruments by 7.6% in the second quarter. First Eagle Investment Management LLC now owns 141,187 shares of the scientific and technical instruments company’s stock valued at $18,436,000 after purchasing an additional 10,000 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of MKS Instruments in the second quarter valued at $278,000. Hsbc Holdings PLC increased its holdings in shares of MKS Instruments by 3,928.7% in the second quarter. Hsbc Holdings PLC now owns 76,828 shares of the scientific and technical instruments company’s stock valued at $10,110,000 after purchasing an additional 74,921 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of MKS Instruments by 11.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,890 shares of the scientific and technical instruments company’s stock valued at $624,000 after purchasing an additional 515 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on MKSI. Citigroup downgraded shares of MKS Instruments from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $145.00 to $120.00 in a report on Monday, September 16th. Morgan Stanley began coverage on shares of MKS Instruments in a report on Monday, August 5th. They issued an “overweight” rating and a $155.00 price objective on the stock. Cantor Fitzgerald began coverage on shares of MKS Instruments in a report on Tuesday, September 10th. They issued an “overweight” rating and a $140.00 price objective on the stock. KeyCorp upped their price objective on shares of MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Finally, Needham & Company LLC upped their price objective on shares of MKS Instruments from $153.00 to $156.00 and gave the company a “buy” rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, MKS Instruments presently has an average rating of “Moderate Buy” and an average target price of $142.00.

MKS Instruments Trading Down 2.6 %

MKSI opened at $110.31 on Friday. MKS Instruments, Inc. has a twelve month low of $63.44 and a twelve month high of $147.40. The company has a 50-day simple moving average of $114.21 and a 200 day simple moving average of $123.11. The company has a quick ratio of 2.31, a current ratio of 3.58 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of -4.13, a P/E/G ratio of 0.77 and a beta of 1.64.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $866.38 million. During the same quarter in the prior year, the business posted $1.32 earnings per share. MKS Instruments’s revenue was down 11.6% compared to the same quarter last year. Analysts predict that MKS Instruments, Inc. will post 5.6 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were given a dividend of $0.22 per share. The ex-dividend date was Monday, August 26th. This represents a $0.88 annualized dividend and a yield of 0.80%. MKS Instruments’s dividend payout ratio is -3.30%.

Insider Buying and Selling

In other news, EVP John Edward Williams sold 1,800 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 13 shares of the company’s stock, valued at $1,543.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John Edward Williams sold 1,800 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 13 shares of the company’s stock, valued at $1,543.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth Mora sold 275 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total transaction of $31,891.75. Following the completion of the transaction, the director now directly owns 17,934 shares of the company’s stock, valued at approximately $2,079,805.98. The disclosure for this sale can be found here. Insiders sold 2,325 shares of company stock valued at $276,435 over the last quarter. 0.46% of the stock is owned by company insiders.

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.