Hanson & Doremus Investment Management continued to hold its position in MKS Instruments Inc. (NASDAQ:MKSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,865 shares of the company’s stock at the end of the second quarter. Hanson & Doremus Investment Management’s holdings in MKS Instruments were worth $382,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of MKS Instruments by 131.5% in the first quarter. BlackRock Inc. now owns 3,664 shares of the company’s stock valued at $137,000 after buying an additional 2,081 shares during the period. Bank of Montreal Can acquired a new stake in shares of MKS Instruments during the second quarter valued at $167,000. Invictus RG acquired a new stake in shares of MKS Instruments during the first quarter valued at $160,000. Strs Ohio increased its stake in shares of MKS Instruments by 43.8% in the second quarter. Strs Ohio now owns 4,600 shares of the company’s stock valued at $198,000 after buying an additional 1,400 shares during the period. Finally, HBK Investments L P acquired a new stake in shares of MKS Instruments during the first quarter valued at $279,000. Institutional investors own 99.16% of the company’s stock.
MKS Instruments Inc. (NASDAQ:MKSI) traded down 0.16% on Monday, reaching $48.50. 64,518 shares of the company traded hands. The company has a 50-day moving average price of $48.64 and a 200-day moving average price of $43.29. MKS Instruments Inc. has a 12 month low of $29.00 and a 12 month high of $54.73. The company has a market capitalization of $2.60 billion, a P/E ratio of 31.72 and a beta of 1.18.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.24. MKS Instruments had a net margin of 9.21% and a return on equity of 9.33%. The business earned $325.90 million during the quarter, compared to analyst estimates of $288.62 million. During the same period in the previous year, the business posted $0.62 EPS. The company’s quarterly revenue was up 49.5% on a year-over-year basis. Equities research analysts expect that MKS Instruments Inc. will post $2.68 EPS for the current year.
MKSI has been the subject of several recent research reports. Dougherty & Co increased their target price 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 upgraded 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 report on Friday, July 29th. Finally, Citigroup Inc. began coverage on shares of MKS Instruments in a report on Wednesday, October 12th. They set a “buy” rating and a $59.00 price target for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. MKS Instruments currently has a consensus rating of “Buy” and an average price target of $48.80.
In other news, VP Brian Charles Quirk sold 1,000 shares of MKS Instruments stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $49.36, for a total value of $49,360.00. Following the completion of the transaction, the vice president now directly owns 11,210 shares of the company’s stock, valued at approximately $553,325.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gerard G. Colella sold 5,000 shares of MKS Instruments stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $45.71, for a total transaction 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 $1,960,959. The disclosure for this sale can be found here. 1.60% of the stock is currently 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.