Quantinno Capital Management LP Has $760,000 Stock Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Quantinno Capital Management LP lessened its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 67.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,995 shares of the scientific and technical instruments company’s stock after selling 14,588 shares during the quarter. Quantinno Capital Management LP’s holdings in MKS Instruments were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MKSI. Shellback Capital LP acquired a new stake in shares of MKS Instruments during the 2nd quarter worth about $34,541,000. Millennium Management LLC boosted its holdings in shares of MKS Instruments by 219.5% during the second quarter. Millennium Management LLC now owns 348,024 shares of the scientific and technical instruments company’s stock worth $45,445,000 after acquiring an additional 239,099 shares during the period. Artemis Investment Management LLP acquired a new position in shares of MKS Instruments in the third quarter valued at approximately $21,690,000. Mizuho Markets Americas LLC bought a new position in shares of MKS Instruments during the second quarter worth approximately $23,171,000. Finally, Natixis Advisors LLC lifted its holdings in MKS Instruments by 239.2% during the 2nd quarter. Natixis Advisors LLC now owns 247,695 shares of the scientific and technical instruments company’s stock worth $32,344,000 after purchasing an additional 174,675 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MKSI. JPMorgan Chase & Co. started coverage on MKS Instruments in a research report on Friday. They set an “overweight” rating and a $145.00 price objective on the stock. Benchmark reiterated a “buy” rating and issued a $142.00 price objective on shares of MKS Instruments in a research note on Monday, November 18th. The Goldman Sachs Group assumed coverage on shares of MKS Instruments in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 target price on the stock. Cantor Fitzgerald began coverage on shares of MKS Instruments in a research report on Tuesday, September 10th. They issued an “overweight” rating and a $140.00 price target for the company. Finally, Citigroup downgraded MKS Instruments from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $145.00 to $120.00 in a research report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.42.

MKS Instruments Trading Down 0.3 %

Shares of MKSI opened at $112.55 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.21 and a current ratio of 3.42. MKS Instruments, Inc. has a 52-week low of $90.90 and a 52-week high of $147.40. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 250.11, a PEG ratio of 0.66 and a beta of 1.65. The business’s fifty day moving average is $108.65 and its 200-day moving average is $117.04.

MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.27. The firm had revenue of $896.00 million for the quarter, compared to analysts’ expectations of $874.29 million. MKS Instruments had a return on equity of 15.79% and a net margin of 0.90%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 earnings per share. Equities analysts anticipate that MKS Instruments, Inc. will post 6.33 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Monday, November 25th. MKS Instruments’s payout ratio is 195.56%.

Insider Buying and Selling at MKS Instruments

In other news, Director Jacqueline F. Moloney sold 250 shares of MKS Instruments stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total transaction of $27,225.00. Following the sale, the director now directly owns 10,283 shares of the company’s stock, valued at approximately $1,119,818.70. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.41, for a total value of $31,187.75. Following the completion of the transaction, the director now directly owns 17,659 shares of the company’s stock, valued at $2,002,707.19. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 825 shares of company stock worth $92,853 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

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.