Quantinno Capital Management LP Sells 14,588 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Quantinno Capital Management LP trimmed its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 67.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in shares of 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 buying an additional 191 shares during the period. UMB Bank n.a. boosted its stake in MKS Instruments by 53.7% in the third quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company’s stock valued at $38,000 after acquiring an additional 122 shares during the last quarter. Key Financial Inc acquired a new stake in MKS Instruments during the 2nd quarter worth $39,000. BOKF NA bought a new stake in shares of MKS Instruments during the 2nd quarter valued at $39,000. Finally, Quarry LP acquired a new position in shares of MKS Instruments in the 2nd quarter valued at $39,000. 99.79% of the stock is owned by institutional investors.

MKS Instruments Stock Performance

Shares of MKS Instruments stock opened at $112.55 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 3.42 and a quick ratio of 2.21. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 250.11, a price-to-earnings-growth ratio of 0.66 and a beta of 1.65. The stock’s 50-day moving average is $108.65 and its 200-day moving average is $117.04. MKS Instruments, Inc. has a one year low of $90.90 and a one year high of $147.40.

MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate 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 quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Equities analysts predict that MKS Instruments, Inc. will post 6.33 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.22 per share. The ex-dividend date was Monday, November 25th. This represents a $0.88 annualized dividend and a yield of 0.78%. MKS Instruments’s dividend payout ratio (DPR) is presently 195.56%.

Insider Transactions at MKS Instruments

In related news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.41, for a total transaction of $31,187.75. Following the sale, the director now owns 17,659 shares in the company, valued at approximately $2,002,707.19. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jacqueline F. Moloney sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $114.80, for a total value of $34,440.00. Following the completion of the transaction, the director now owns 9,983 shares of the company’s stock, valued at approximately $1,146,048.40. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 825 shares of company stock worth $92,853 in the last three months. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Mizuho raised MKS Instruments to a “strong-buy” rating in a research note on Monday, October 7th. Wells Fargo & Company lowered their price target on MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Benchmark reissued a “buy” rating and set a $142.00 price objective on shares of MKS Instruments in a research note on Monday, November 18th. The Goldman Sachs Group began coverage on shares of MKS Instruments in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $129.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on shares of MKS Instruments in a research report on Friday. They set an “overweight” rating and a $145.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.42.

MKS Instruments Company 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.