Harvest Fund Management Co. Ltd Purchases 498 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Harvest Fund Management Co. Ltd lifted its position in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 24,900.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 500 shares of the scientific and technical instruments company’s stock after acquiring an additional 498 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in MKS Instruments were worth $52,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its position in MKS Instruments by 7.3% during the third quarter. Citigroup Inc. now owns 444,333 shares of the scientific and technical instruments company’s stock worth $48,303,000 after purchasing an additional 30,216 shares during the period. Nordea Investment Management AB lifted its stake in shares of MKS Instruments by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 2,525,037 shares of the scientific and technical instruments company’s stock valued at $265,874,000 after buying an additional 237,979 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in MKS Instruments by 3,444.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 300,711 shares of the scientific and technical instruments company’s stock worth $31,391,000 after buying an additional 292,226 shares during the period. WCM Investment Management LLC grew its stake in MKS Instruments by 25.5% in the 4th quarter. WCM Investment Management LLC now owns 35,069 shares of the scientific and technical instruments company’s stock valued at $3,650,000 after buying an additional 7,136 shares in the last quarter. Finally, Tributary Capital Management LLC raised its holdings in MKS Instruments by 65.0% during the 4th quarter. Tributary Capital Management LLC now owns 8,751 shares of the scientific and technical instruments company’s stock valued at $914,000 after acquiring an additional 3,447 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Insiders Place Their Bets

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.46, for a total value of $25,426.50. Following the completion of the sale, the director now owns 17,384 shares in the company, valued at approximately $1,607,324.64. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerard G. Colella sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $104.53, for a total value of $836,240.00. Following the sale, the director now directly owns 60,017 shares of the company’s stock, valued at approximately $6,273,577.01. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MKSI shares. Needham & Company LLC reduced their price target on MKS Instruments from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Benchmark reduced their target price on MKS Instruments from $142.00 to $135.00 and set a “buy” rating for the company in a report on Friday, February 14th. Morgan Stanley lowered their price target on shares of MKS Instruments from $150.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Citigroup raised shares of MKS Instruments from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Monday, January 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 target price on shares of MKS Instruments in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.08.

MKS Instruments Price Performance

Shares of MKS Instruments stock opened at $88.17 on Monday. The firm has a market capitalization of $5.94 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.75. The company has a current ratio of 3.19, a quick ratio of 2.04 and a debt-to-equity ratio of 1.93. MKS Instruments, Inc. has a 12 month low of $76.37 and a 12 month high of $147.40. The business’s 50-day moving average price is $102.08 and its 200-day moving average price is $106.16.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.23. MKS Instruments had a net margin of 5.30% and a return on equity of 18.94%. Sell-side analysts forecast that MKS Instruments, Inc. will post 6.94 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, February 24th. MKS Instruments’s payout ratio is presently 31.43%.

About MKS Instruments

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.