Segall Bryant & Hamill LLC Makes New $11.05 Million Investment in MKS Instruments, Inc. (NASDAQ:MKSI)

Segall Bryant & Hamill LLC purchased a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 101,671 shares of the scientific and technical instruments company’s stock, valued at approximately $11,053,000. Segall Bryant & Hamill LLC owned about 0.15% of MKS Instruments at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank grew its stake in shares of MKS Instruments by 29.5% in the 1st quarter. Comerica Bank now owns 111,923 shares of the scientific and technical instruments company’s stock valued at $14,886,000 after buying an additional 25,520 shares during the period. Aigen Investment Management LP grew its position in MKS Instruments by 705.3% in the third quarter. Aigen Investment Management LP now owns 12,547 shares of the scientific and technical instruments company’s stock worth $1,364,000 after acquiring an additional 10,989 shares during the period. First Eagle Investment Management LLC increased its stake in MKS Instruments by 7.6% during the second quarter. First Eagle Investment Management LLC now owns 141,187 shares of the scientific and technical instruments company’s stock worth $18,436,000 after acquiring an additional 10,000 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in MKS Instruments during the second quarter worth $1,599,000. Finally, Hsbc Holdings PLC lifted its stake in shares of MKS Instruments by 3,928.7% in the 2nd quarter. Hsbc Holdings PLC now owns 76,828 shares of the scientific and technical instruments company’s stock valued at $10,110,000 after purchasing an additional 74,921 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the firm’s stock in a transaction that occurred 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 sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction that occurred on 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 owns 17,934 shares of the company’s stock, valued at $2,079,805.98. This represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MKSI shares. Mizuho raised MKS Instruments to a “strong-buy” rating in a research report on Monday, October 7th. Benchmark reissued a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a research note on Monday. Needham & Company LLC increased 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. Cantor Fitzgerald began coverage on MKS Instruments in a research report on Tuesday, September 10th. They issued an “overweight” rating and a $140.00 target price on the stock. Finally, Citigroup lowered MKS Instruments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $145.00 to $120.00 in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.09.

MKS Instruments Stock Performance

Shares of MKSI opened at $113.29 on Friday. MKS Instruments, Inc. has a 1 year low of $76.17 and a 1 year high of $147.40. The stock has a market capitalization of $7.62 billion, a PE ratio of 251.76, a PEG ratio of 0.64 and a beta of 1.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.21 and a current ratio of 3.42. The stock has a 50-day simple moving average of $106.95 and a 200-day simple moving average of $118.56.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.27. MKS Instruments had a net margin of 0.90% and a return on equity of 15.79%. The company had revenue of $896.00 million during the quarter, compared to the consensus estimate of $874.29 million. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts predict that MKS Instruments, Inc. will post 6.22 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Monday, November 25th. MKS Instruments’s dividend payout ratio is presently 195.56%.

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.