Trading Report: The Prudential Financial Inc. invests in MKS Instruments Inc. (MKSI) Shares

The Prudential Financial Inc. invests in MKS Instruments Inc. (MKSI) Shares

Prudential Financial Inc. increased its position in MKS Instruments Inc. (NASDAQ:MKSI) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,693 shares of the company’s stock after buying an additional 2,260 shares during the period. Prudential Financial Inc. owned approximately 0.25% of MKS Instruments worth $5,671,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Glenmede Trust Co. NA raised its stake in shares of MKS Instruments by 5.3% in the first quarter. Glenmede Trust Co. NA now owns 13,765 shares of the company’s stock worth $518,000 after buying an additional 696 shares in the last quarter. Aperio Group LLC raised its stake in shares of MKS Instruments by 55.8% in the first quarter. Aperio Group LLC now owns 9,442 shares of the company’s stock worth $355,000 after buying an additional 3,381 shares in the last quarter. Virginia Retirement System bought a new stake in shares of MKS Instruments during the first quarter worth $358,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of MKS Instruments by 84.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,882 shares of the company’s stock worth $1,276,000 after buying an additional 15,529 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of MKS Instruments by 30.1% in the first quarter. TIAA CREF Investment Management LLC now owns 270,313 shares of the company’s stock worth $10,177,000 after buying an additional 62,531 shares in the last quarter. 99.16% of the stock is owned by institutional investors.

Shares of MKS Instruments Inc. (NASDAQ:MKSI) opened at 47.96 on Wednesday. The company’s 50-day moving average is $48.64 and its 200 day moving average is $43.12. MKS Instruments Inc. has a 1-year low of $29.00 and a 1-year high of $54.73. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 31.37 and a beta of 1.18.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.24. The firm earned $325.90 million during the quarter, compared to analysts’ expectations of $288.62 million. MKS Instruments had a net margin of 9.21% and a return on equity of 9.33%. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. On average, analysts expect that MKS Instruments Inc. will post $2.68 EPS for the current fiscal year.

MKSI has been the subject of a number of research analyst reports. Dougherty & Co upped their price target on shares of MKS Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 23rd. Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, June 28th. Pacific Crest reissued a “buy” rating on shares of MKS Instruments in a research note on Monday, July 11th. Finally, Citigroup Inc. began coverage on shares of MKS Instruments in a research note on Wednesday. They set a “buy” rating and a $59.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $48.80.

In other news, VP Brian Charles Quirk sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $45.17, for a total value of $45,170.00. Following the completion of the transaction, the vice president now owns 12,210 shares of the company’s stock, valued at $551,525.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $45.71, for a total value of $228,550.00. Following the completion of the transaction, the chief executive officer now directly owns 42,900 shares of the company’s stock, valued at approximately $1,960,959. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

About MKS Instruments

MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.

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