Northwestern Mutual Investment Management Company LLC Sells 563 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Northwestern Mutual Investment Management Company LLC cut its stake in MKS Instruments, Inc. (NASDAQ:MKSI) by 5.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,642 shares of the scientific and technical instruments company’s stock after selling 563 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in MKS Instruments were worth $897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MKSI. Arizona State Retirement System lifted its holdings in shares of MKS Instruments by 0.4% during the 1st quarter. Arizona State Retirement System now owns 38,917 shares of the scientific and technical instruments company’s stock valued at $3,621,000 after acquiring an additional 169 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in MKS Instruments by 53.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 514 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 178 shares during the period. Malaga Cove Capital LLC increased its stake in MKS Instruments by 2.2% during the 1st quarter. Malaga Cove Capital LLC now owns 8,501 shares of the scientific and technical instruments company’s stock worth $791,000 after buying an additional 182 shares during the period. Louisiana State Employees Retirement System increased its stake in MKS Instruments by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the scientific and technical instruments company’s stock worth $1,349,000 after buying an additional 200 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in MKS Instruments by 1.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,944 shares of the scientific and technical instruments company’s stock worth $1,418,000 after buying an additional 230 shares during the period. 95.01% of the stock is owned by institutional investors and hedge funds.

MKS Instruments stock traded down $0.60 during midday trading on Friday, reaching $77.89. 1,528,920 shares of the stock traded hands, compared to its average volume of 443,940. The stock has a fifty day moving average price of $75.52. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. MKS Instruments, Inc. has a fifty-two week low of $56.37 and a fifty-two week high of $103.86. The company has a current ratio of 4.59, a quick ratio of 2.98 and a debt-to-equity ratio of 0.51.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. MKS Instruments had a net margin of 15.13% and a return on equity of 20.38%. The company had revenue of $463.60 million during the quarter, compared to analyst estimates of $460.64 million. During the same period in the prior year, the business posted $2.07 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, research analysts expect that MKS Instruments, Inc. will post 5.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 27th were issued a $0.20 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.03%. MKS Instruments’s payout ratio is currently 10.22%.

MKSI has been the topic of several analyst reports. ValuEngine raised shares of MKS Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Stifel Nicolaus boosted their target price on shares of MKS Instruments from $100.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Zacks Investment Research downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. BidaskClub downgraded shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Finally, Benchmark boosted their target price on shares of MKS Instruments from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, March 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $113.44.

In other MKS Instruments news, Director Elizabeth Mora sold 400 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $71.93, for a total value of $28,772.00. Following the transaction, the director now owns 16,618 shares in the company, valued at approximately $1,195,332.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $75.82, for a total transaction of $379,100.00. The disclosure for this sale can be found here. Insiders sold a total of 5,656 shares of company stock worth $429,852 over the last quarter. Insiders own 1.24% of the company’s stock.

MKS Instruments Profile

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.

See Also: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

Receive News & Ratings for MKS Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments and related companies with MarketBeat.com's FREE daily email newsletter.