Transcend Capital Advisors LLC Purchases New Holdings in MKS Instruments, Inc. (NASDAQ:MKSI)

Transcend Capital Advisors LLC bought a new position in MKS Instruments, Inc. (NASDAQ:MKSI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,532 shares of the scientific and technical instruments company’s stock, valued at approximately $200,000.

Several other large investors have also recently bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new stake in MKS Instruments in the 1st quarter worth about $25,000. Allspring Global Investments Holdings LLC purchased a new position in MKS Instruments during the 1st quarter valued at $25,000. Rise Advisors LLC bought a new position in shares of MKS Instruments in the 1st quarter worth approximately $26,000. GAMMA Investing LLC bought a new stake in MKS Instruments during the fourth quarter worth about $35,000. Finally, Quest Partners LLC purchased a new stake in shares of MKS Instruments in the fourth quarter worth $37,000. 99.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MKS Instruments

In other news, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $123.46, for a total value of $30,865.00. Following the completion of the transaction, the director now owns 10,533 shares of the company’s stock, valued at $1,300,404.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $123.46, for a total value of $30,865.00. Following the completion of the sale, the director now directly owns 10,533 shares of the company’s stock, valued at approximately $1,300,404.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $129.41, for a total value of $35,587.75. Following the completion of the transaction, the director now owns 18,209 shares in the company, valued at approximately $2,356,426.69. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

MKS Instruments Stock Performance

Shares of MKSI stock traded down $0.59 during trading hours on Monday, hitting $105.97. The stock had a trading volume of 785,680 shares, compared to its average volume of 805,905. MKS Instruments, Inc. has a twelve month low of $63.44 and a twelve month high of $147.40. The firm has a market capitalization of $7.11 billion, a PE ratio of -3.95, a PEG ratio of 1.18 and a beta of 1.65. The stock’s 50 day moving average is $130.67 and its 200 day moving average is $124.75. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.69 and a quick ratio of 2.34.

MKS Instruments (NASDAQ:MKSI) last issued its 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 during 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 company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. As a group, research analysts forecast that MKS Instruments, Inc. will post 4.98 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, June 7th. Stockholders of record on Tuesday, May 28th were given a $0.22 dividend. The ex-dividend date was Friday, May 24th. This represents a $0.88 annualized dividend and a dividend yield of 0.83%. MKS Instruments’s payout ratio is -3.30%.

Analyst Ratings Changes

MKSI has been the topic of several recent research reports. Needham & Company LLC increased their price target on shares of MKS Instruments from $145.00 to $153.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Benchmark reiterated a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a report on Friday, May 10th. KeyCorp lifted their price objective on shares of MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Morgan Stanley began coverage on shares of MKS Instruments in a report on Monday. They issued an “overweight” rating and a $155.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $140.00 price target on shares of MKS Instruments in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.75.

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.