TD Private Client Wealth LLC Makes New $39,000 Investment in MKS Instruments, Inc. (NASDAQ:MKSI)

TD Private Client Wealth LLC acquired a new stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 371 shares of the scientific and technical instruments company’s stock, valued at approximately $39,000.

A number of other institutional investors have also made changes to their positions in MKSI. Steward Partners Investment Advisory LLC lifted its position in MKS Instruments by 68.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 263 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 107 shares during the last quarter. Blue Trust Inc. lifted its position in shares of MKS Instruments by 424.1% during the 4th quarter. Blue Trust Inc. now owns 414 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 335 shares during the last quarter. Versant Capital Management Inc boosted its stake in MKS Instruments by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 433 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 159 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in MKS Instruments in the 3rd quarter valued at approximately $50,000. Finally, Harvest Fund Management Co. Ltd increased its position in MKS Instruments by 24,900.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 500 shares of the scientific and technical instruments company’s stock worth $52,000 after buying an additional 498 shares during the period. 99.79% of the stock is owned by institutional investors.

Insider Activity at MKS Instruments

In related news, Director Elizabeth Mora sold 275 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.46, for a total transaction of $25,426.50. Following the sale, the director now directly owns 17,384 shares in the company, valued at $1,607,324.64. This represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerard G. Colella sold 8,000 shares of the firm’s stock in a transaction 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 $6,273,577.01. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MKSI. Cantor Fitzgerald reissued an “overweight” rating and issued a $140.00 price objective on shares of MKS Instruments in a research report on Thursday, February 13th. Benchmark reduced their price target on shares of MKS Instruments from $142.00 to $135.00 and set a “buy” rating for the company in a report on Friday, February 14th. Citigroup upgraded shares of MKS Instruments from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Monday, January 6th. Needham & Company LLC reduced their target price on shares of MKS Instruments from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. initiated coverage on MKS Instruments in a research note on Friday, December 13th. They set an “overweight” rating and a $145.00 price target on the stock. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.08.

MKS Instruments Trading Down 2.8 %

MKSI stock opened at $87.64 on Thursday. MKS Instruments, Inc. has a 1-year low of $76.37 and a 1-year high of $147.40. The company has a current ratio of 3.19, a quick ratio of 2.04 and a debt-to-equity ratio of 1.93. The business’s 50 day moving average is $100.77 and its 200-day moving average is $105.81. The firm has a market cap of $5.91 billion, a P/E ratio of 31.30, a P/E/G ratio of 1.02 and a beta of 1.75.

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

MKS Instruments Dividend Announcement

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

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.