Mutual of America Capital Management LLC Sells 290 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Mutual of America Capital Management LLC trimmed its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 0.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 53,057 shares of the scientific and technical instruments company’s stock after selling 290 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MKS Instruments were worth $7,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Atlas Capital Advisors LLC purchased a new position in shares of MKS Instruments in the 1st quarter worth approximately $25,000. Allspring Global Investments Holdings LLC purchased a new position in MKS Instruments during the first quarter worth $25,000. Rise Advisors LLC bought a new position in MKS Instruments during the first quarter valued at $26,000. Mendota Financial Group LLC bought a new position in MKS Instruments during the fourth quarter valued at $27,000. Finally, GAMMA Investing LLC purchased a new stake in shares of MKS Instruments in the fourth quarter valued at $35,000. Institutional investors own 99.79% of the company’s stock.

Insider Activity

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $129.41, for a total transaction of $35,587.75. Following the completion of the sale, the director now owns 18,209 shares in the company, valued at $2,356,426.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

MKSI has been the subject of a number of recent analyst reports. KeyCorp lifted their price target on shares of MKS Instruments from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Wells Fargo & Company upped their target price on MKS Instruments from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Needham & Company LLC increased their price target on MKS Instruments from $145.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Benchmark restated a “buy” rating and set a $142.00 price objective on shares of MKS Instruments in a report on Friday, May 10th. Finally, TD Cowen upped their price objective on MKS Instruments from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.17.

MKS Instruments Trading Up 1.5 %

NASDAQ:MKSI traded up $1.99 during midday trading on Monday, hitting $136.06. The stock had a trading volume of 648,346 shares, compared to its average volume of 760,674. The stock has a 50-day moving average of $129.28 and a 200 day moving average of $121.05. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of -5.10, a PEG ratio of 1.75 and a beta of 1.65. MKS Instruments, Inc. has a one year low of $63.44 and a one year high of $139.20. The company has a quick ratio of 2.34, a current ratio of 3.69 and a debt-to-equity ratio of 1.94.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.43. The business had revenue of $868.00 million for the quarter, compared to the consensus estimate of $848.94 million. MKS Instruments had a positive return on equity of 13.90% and a negative net margin of 48.24%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS. As a group, sell-side analysts forecast that MKS Instruments, Inc. will post 4.88 EPS for the current year.

MKS Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, May 24th. MKS Instruments’s dividend payout ratio (DPR) is -3.30%.

MKS Instruments Company 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.