Aigen Investment Management LP Increases Stock Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Aigen Investment Management LP increased its position in MKS Instruments, Inc. (NASDAQ:MKSI) by 705.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,547 shares of the scientific and technical instruments company’s stock after buying an additional 10,989 shares during the quarter. Aigen Investment Management LP’s holdings in MKS Instruments were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of MKS Instruments in the 1st quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV lifted its stake in MKS Instruments by 196.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company’s stock worth $31,000 after purchasing an additional 191 shares during the last quarter. UMB Bank n.a. grew its stake in shares of MKS Instruments by 53.7% during 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 buying an additional 122 shares during the last quarter. Key Financial Inc purchased a new position in shares of MKS Instruments in the second quarter worth about $39,000. Finally, BOKF NA bought a new stake in shares of MKS Instruments in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of MKS Instruments from $140.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Citigroup cut shares of MKS Instruments from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $145.00 to $120.00 in a research report on Monday, September 16th. The Goldman Sachs Group started coverage on shares of MKS Instruments in a report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 target price for the company. Finally, Needham & Company LLC boosted their price target on MKS Instruments from $153.00 to $156.00 and gave the company a “buy” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, MKS Instruments presently has a consensus rating of “Moderate Buy” and an average target price of $141.09.

MKS Instruments Stock Down 0.2 %

Shares of NASDAQ MKSI traded down $0.26 on Tuesday, reaching $113.91. 23,240 shares of the company’s stock traded hands, compared to its average volume of 822,960. MKS Instruments, Inc. has a 12 month low of $69.01 and a 12 month high of $147.40. The company has a quick ratio of 2.31, a current ratio of 3.42 and a debt-to-equity ratio of 1.98. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 253.71, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63. The business’s 50 day simple moving average is $106.53 and its two-hundred day simple moving average is $119.08.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.45 by $0.27. The company had revenue of $896.00 million during the quarter, compared to analyst estimates of $874.29 million. MKS Instruments had a return on equity of 15.79% and a net margin of 0.90%. MKS Instruments’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. As a group, equities research analysts forecast that MKS Instruments, Inc. will post 5.73 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.22 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. MKS Instruments’s dividend payout ratio (DPR) is 195.56%.

Insider Transactions at MKS Instruments

In related news, EVP John Edward Williams sold 1,800 shares of MKS Instruments stock in a transaction on Friday, August 16th. The shares were sold at an average price of $118.71, for a total transaction of $213,678.00. Following the transaction, the executive vice president now owns 13 shares in the company, valued at approximately $1,543.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total value of $31,891.75. Following the transaction, the director now owns 17,934 shares of the company’s stock, valued at approximately $2,079,805.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Edward Williams sold 1,800 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $118.71, for a total transaction of $213,678.00. Following the transaction, the executive vice president now directly owns 13 shares of the company’s stock, valued at $1,543.23. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,325 shares of company stock valued at $272,795 over the last quarter. 0.46% of the stock is currently owned by company insiders.

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.