Neo Ivy Capital Management Takes Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Neo Ivy Capital Management purchased a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 969 shares of the scientific and technical instruments company’s stock, valued at approximately $100,000.

Several other large investors have also modified their holdings of MKSI. Mendota Financial Group LLC acquired a new stake in shares of MKS Instruments in the fourth quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in shares of MKS Instruments during the fourth quarter worth about $35,000. Quest Partners LLC purchased a new stake in shares of MKS Instruments in the fourth quarter worth about $37,000. Baystate Wealth Management LLC acquired a new stake in shares of MKS Instruments in the fourth quarter valued at about $56,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of MKS Instruments during the 4th quarter valued at about $138,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MKSI shares. Needham & Company LLC upped their target price on MKS Instruments from $145.00 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Wells Fargo & Company increased their price target on MKS Instruments from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. KeyCorp boosted their target price on shares of MKS Instruments from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. TD Cowen increased their price target on MKS Instruments from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Benchmark restated a “buy” rating and issued a $142.00 target price on shares of MKS Instruments in a research report on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Insider Buying and Selling at MKS Instruments

In related news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $129.41, for a total value of $35,587.75. Following the completion of the sale, the director now owns 18,209 shares in the company, valued at $2,356,426.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

MKS Instruments Stock Performance

Shares of NASDAQ MKSI traded down $2.01 during trading hours on Friday, hitting $133.77. 748,526 shares of the stock were exchanged, compared to its average volume of 834,202. The firm has a market capitalization of $8.97 billion, a P/E ratio of -5.01, a P/E/G ratio of 4.56 and a beta of 1.65. The company’s 50 day moving average is $124.87 and its 200 day moving average is $115.63. MKS Instruments, Inc. has a one year low of $63.44 and a one year high of $138.69. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.69 and a quick ratio of 2.34.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.43. MKS Instruments had a positive return on equity of 13.90% and a negative net margin of 48.24%. The business had revenue of $868.00 million for the quarter, compared to analysts’ expectations of $848.94 million. During the same period in the previous year, the business posted $0.48 earnings per share. MKS Instruments’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that MKS Instruments, Inc. will post 4.45 EPS for the current year.

MKS Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, May 24th. MKS Instruments’s payout ratio is presently -3.30%.

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.