Short-term stake in MKS Instruments, Inc. (NASDAQ:MKSI) increases 27.3%


MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) saw a significant increase in short-term interest in September. As of September 15, there was short interest totaling 1,170,000 shares, an increase of 27.3% from the total of 919,200 shares as of August 31. Based on an average trading volume of 599,100 shares, the day-to-cover ratio is currently 2.0 days.

Analysts set new price targets

A number of analysts have recently commented on MKSI’s actions. StockNews.com upgraded MKS Instruments from a “buy” to a “hold” rating in a Friday, September 2 research report. Deutsche Bank Aktiengesellschaft lowered its price target on MKS Instruments from $125.00 to $110.00 in a research report on Thursday. Wells Fargo & Company lowered its price target on MKS Instruments from $110.00 to $105.00 and set an “equal weight” rating for the company in a Thursday, September 1 research report. Needham & Company LLC lowered its price target on MKS Instruments from $135.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Benchmark lowered its price target on MKS Instruments from $172.00 to $145.00 and set a “buy” rating for the company in a Monday, September 19 research report. Three research analysts gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.00.

MKS Instruments is trading down 2.8%

The NASDAQ MKSI traded at $2.40 on Friday, hitting $82.64. 572,950 shares of the company were traded, with an average volume of 594,035. The company’s 50-day moving average price is $103.06 and its 200-day moving average price is $113.53. The stock has a market capitalization of $4.61 billion, a P/E ratio of 8.30 and a beta of 1.57. The company has a current ratio of 5.14, a quick ratio of 3.63 and a debt ratio of 0.26. MKS Instruments has a fifty-two week low of $81.50 and a fifty-two week high of $181.03.

MKS Instruments (NASDAQ:MKSI – Get Rating) last released quarterly earnings data on Wednesday, July 27. The scientific and engineering instruments company reported earnings per share of $2.59 for the quarter, beating analysts’ consensus estimate of $2.31 by $0.28. MKS Instruments had a return on equity of 21.04% and a net margin of 18.44%. The company posted revenue of $765.00 million for the quarter, versus analyst estimates of $733.55 million. In the same quarter a year earlier, the company posted earnings per share of $3.02. The company’s revenue for the quarter increased by 2.0% compared to the same quarter last year. Analysts expect MKS Instruments to post earnings per share of 10.74 for the current year.

Dividend announcement from MKS Instruments

The company also recently declared a quarterly dividend, which was paid on Friday, September 9. Shareholders of record on Monday August 8 received a dividend of $0.22. This represents an annualized dividend of $0.88 and a dividend yield of 1.06%. The ex-dividend date was Friday August 5th. The Dividend Payout Ratio (DPR) of MKS Instruments is currently 8.84%.

Insider Activity at MKS Instruments

In related news, director Peter Cannone III purchased 250 shares of MKS Instruments in a trade that took place on Monday August 1st. The stock was purchased at an average price of $120.06 per share, for a total transaction of $30,015.00. Following completion of the transaction, the administrator now owns 3,142 shares of the company, valued at $377,228.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 0.46% of the shares are held by insiders of the company.

Hedge funds weigh on MKS instruments

Several large investors have recently changed their stake in the company. Victory Capital Management Inc. increased its stake in MKS Instruments by 564.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,662,217 shares of the scientific and technical instruments company worth $248,898,000 after acquiring 1,412,135 additional shares in the last quarter. Polaris Capital Management LLC increased its stake in MKS Instruments by 13,965.9% during the 2nd quarter. Polaris Capital Management LLC now owns 745,494 shares of the scientific and engineering instruments company worth $63,740,000 after acquiring an additional 740,194 shares in the last quarter. William Blair Investment Management LLC increased its stake in MKS Instruments by 469.7% during the 4th quarter. William Blair Investment Management LLC now owns 692,650 shares of the scientific and engineering instruments company worth $120,639,000 after acquiring an additional 571,074 shares last quarter. Cooke & Bieler LP increased its stake in MKS Instruments by 66.8% in the 2nd quarter. Cooke & Bieler LP now owns 1,366,598 shares of the scientific and technical instruments company worth $140,254,000 after acquiring 547,410 additional shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in MKS Instruments during Q2 worth approximately $31,508,000. Institutional investors and hedge funds hold 96.01% of the company’s shares.

MKS Instruments Company Profile

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MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, supply, analyze, power, and control critical parameters in manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; material dispensing solutions including flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solution products, such as microwaves, power distribution systems, radio frequency matching networks and metrology products used to supply power to etching, etching and deposit ; and plasma and reactive gas products.

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