Kornitzer Capital Management Inc. KS lifted its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 106.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 147,606 shares of the scientific and technical instruments company’s stock after buying an additional 76,022 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in MKS Instruments were worth $13,621,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning bought a new position in MKS Instruments during the 3rd quarter valued at $292,000. First Mercantile Trust Co. bought a new position in MKS Instruments during the third quarter valued at approximately $117,000. Mackay Shields LLC boosted its stake in MKS Instruments by 36.5% during the third quarter. Mackay Shields LLC now owns 110,661 shares of the scientific and technical instruments company’s stock valued at $10,212,000 after buying an additional 29,614 shares during the last quarter. Synovus Financial Corp boosted its stake in MKS Instruments by 6.2% during the third quarter. Synovus Financial Corp now owns 9,664 shares of the scientific and technical instruments company’s stock valued at $886,000 after buying an additional 560 shares during the last quarter. Finally, SFE Investment Counsel bought a new position in MKS Instruments during the third quarter valued at approximately $229,000. Institutional investors and hedge funds own 95.28% of the company’s stock.
A number of equities analysts recently commented on the company. ValuEngine lowered MKS Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup increased their price target on MKS Instruments from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, October 25th. DA Davidson increased their price target on MKS Instruments to $125.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BidaskClub raised MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Zacks Investment Research lowered MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price target for the company. in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $119.88.
Shares of NASDAQ:MKSI traded down $0.01 during trading on Friday, hitting $112.14. The company had a trading volume of 12,416 shares, compared to its average volume of 440,863. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 14.31 and a beta of 1.49. MKS Instruments, Inc. has a one year low of $56.37 and a one year high of $115.12. The company has a fifty day simple moving average of $98.25 and a two-hundred day simple moving average of $85.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.38 and a quick ratio of 2.89.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.25. The business had revenue of $462.45 million during the quarter, compared to analyst estimates of $442.90 million. MKS Instruments had a return on equity of 13.84% and a net margin of 9.10%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the company earned $1.88 EPS. On average, equities research analysts anticipate that MKS Instruments, Inc. will post 4.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, November 22nd. MKS Instruments’s payout ratio is 10.22%.
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.
Further Reading: What does EPS mean?
Want to see what other hedge funds are holding MKSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MKS Instruments, Inc. (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.