Artemis Investment Management LLP Buys Shares of 199,518 MKS Instruments, Inc. (NASDAQ:MKSI)

Artemis Investment Management LLP purchased a new position in MKS Instruments, Inc. (NASDAQ:MKSI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 199,518 shares of the scientific and technical instruments company’s stock, valued at approximately $21,690,000. Artemis Investment Management LLP owned 0.30% of MKS Instruments as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AE Wealth Management LLC lifted its holdings in MKS Instruments by 5.9% during the second quarter. AE Wealth Management LLC now owns 1,659 shares of the scientific and technical instruments company’s stock worth $217,000 after buying an additional 92 shares during the period. Cornerstone Investment Partners LLC lifted its stake in shares of MKS Instruments by 2.9% during the 1st quarter. Cornerstone Investment Partners LLC now owns 3,574 shares of the scientific and technical instruments company’s stock worth $475,000 after purchasing an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in MKS Instruments by 62.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 309 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 119 shares in the last quarter. Verity Asset Management Inc. grew its stake in MKS Instruments by 6.3% in the first quarter. Verity Asset Management Inc. now owns 2,085 shares of the scientific and technical instruments company’s stock valued at $277,000 after purchasing an additional 124 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in MKS Instruments by 21.6% in the third quarter. GAMMA Investing LLC now owns 772 shares of the scientific and technical instruments company’s stock worth $84,000 after purchasing an additional 137 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors.

MKS Instruments Stock Up 0.3 %

NASDAQ:MKSI opened at $107.07 on Wednesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.58 and a quick ratio of 2.31. The company’s fifty day moving average price is $111.60 and its 200-day moving average price is $122.26. MKS Instruments, Inc. has a 1-year low of $63.44 and a 1-year high of $147.40. The firm has a market capitalization of $7.18 billion, a P/E ratio of -4.01, a PEG ratio of 0.77 and a beta of 1.63.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.51. The business had revenue of $887.00 million during 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 revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS. As a group, equities research analysts anticipate that MKS Instruments, Inc. will post 5.6 EPS for the current year.

MKS Instruments Announces Dividend

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

Insider Buying and Selling

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 17,934 shares in the company, valued at approximately $2,079,805.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total transaction of $27,225.00. Following the transaction, the director now directly owns 10,283 shares of the company’s stock, valued at $1,119,818.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth Mora sold 275 shares of the business’s 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 sale, the director now directly owns 17,934 shares of the company’s stock, valued at $2,079,805.98. This represents a 0.00 % decrease in their position. 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. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MKSI shares. Needham & Company LLC lifted their price objective on shares of MKS Instruments from $153.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company cut their price target on shares of MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Citigroup lowered 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. Deutsche Bank Aktiengesellschaft dropped their target price on MKS Instruments from $140.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, Benchmark reiterated a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.