Dynamic Technology Lab Private Ltd Acquires 31,177 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Dynamic Technology Lab Private Ltd boosted its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 224.7% in the third quarter, HoldingsChannel reports. The firm owned 45,050 shares of the scientific and technical instruments company’s stock after acquiring an additional 31,177 shares during the period. MKS Instruments makes up 0.5% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 10th biggest position. Dynamic Technology Lab Private Ltd’s holdings in MKS Instruments were worth $4,897,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV grew its holdings in MKS Instruments by 196.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company’s stock worth $31,000 after acquiring an additional 191 shares during the last quarter. Key Financial Inc acquired a new position in shares of MKS Instruments during the second quarter worth approximately $39,000. Quarry LP bought a new stake in shares of MKS Instruments during the second quarter valued at approximately $39,000. BOKF NA acquired a new stake in shares of MKS Instruments in the second quarter valued at approximately $39,000. Finally, Allspring Global Investments Holdings LLC raised its position in MKS Instruments by 62.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 309 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley assumed coverage on MKS Instruments in a research report on Monday, August 5th. They set an “overweight” rating and a $155.00 target price for the company. Wells Fargo & Company cut their target price on shares of MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Cantor Fitzgerald began coverage on shares of MKS Instruments in a research report on Tuesday, September 10th. They set an “overweight” rating and a $140.00 price target for the company. Benchmark restated a “buy” rating and issued a $142.00 price objective on shares of MKS Instruments in a report on Monday, November 18th. Finally, Needham & Company LLC raised their price objective on shares of MKS Instruments from $153.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.09.

MKS Instruments Price Performance

Shares of MKSI opened at $114.92 on Monday. The company has a quick ratio of 2.21, a current ratio of 3.42 and a debt-to-equity ratio of 1.98. The stock has a market cap of $7.73 billion, a PE ratio of 255.38, a PEG ratio of 0.68 and a beta of 1.63. MKS Instruments, Inc. has a 12-month low of $77.25 and a 12-month high of $147.40. The business has a 50-day simple moving average of $107.01 and a two-hundred day simple moving average of $118.42.

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

MKS Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.77%. The ex-dividend date is Monday, November 25th. MKS Instruments’s dividend payout ratio is currently 195.56%.

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 completion of the transaction, the director now owns 10,283 shares in the company, valued at approximately $1,119,818.70. This trade represents a 2.37 % decrease in their position. 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 company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total transaction of $31,891.75. Following the completion of the sale, the director now directly owns 17,934 shares in the company, valued at approximately $2,079,805.98. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% 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.