Truvestments Capital LLC Purchases Shares of 1,752 MKS Instruments, Inc. (NASDAQ:MKSI)

Truvestments Capital LLC acquired a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,752 shares of the scientific and technical instruments company’s stock, valued at approximately $233,000.

Several other large investors also recently modified their holdings of the stock. Raymond James Trust N.A. bought a new position in MKS Instruments in the 4th quarter valued at about $242,000. SG Americas Securities LLC grew its holdings in MKS Instruments by 79.0% in the 4th quarter. SG Americas Securities LLC now owns 2,705 shares of the scientific and technical instruments company’s stock valued at $278,000 after buying an additional 1,194 shares in the last quarter. Raymond James & Associates increased its position in MKS Instruments by 2.0% during the 4th quarter. Raymond James & Associates now owns 158,011 shares of the scientific and technical instruments company’s stock worth $16,255,000 after buying an additional 3,173 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of MKS Instruments by 78.9% during the fourth quarter. Pacer Advisors Inc. now owns 9,444 shares of the scientific and technical instruments company’s stock worth $972,000 after buying an additional 4,165 shares in the last quarter. Finally, Altfest L J & Co. Inc. boosted its position in shares of MKS Instruments by 15.2% in the fourth quarter. Altfest L J & Co. Inc. now owns 3,760 shares of the scientific and technical instruments company’s stock valued at $387,000 after acquiring an additional 495 shares during the period. 99.79% of the stock is owned by institutional investors.

Insider Activity at MKS Instruments

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction that occurred on 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 directly owns 18,209 shares in the company, valued at approximately $2,356,426.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

MKS Instruments Price Performance

Shares of MKSI traded up $4.84 during mid-day trading on Friday, reaching $124.57. The company had a trading volume of 838,596 shares, compared to its average volume of 886,729. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of -4.67, a P/E/G ratio of 1.23 and a beta of 1.65. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.34 and a current ratio of 3.69. The company’s 50 day simple moving average is $131.99 and its 200 day simple moving average is $124.05. MKS Instruments, Inc. has a 1-year low of $63.44 and a 1-year high of $147.40.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.43. MKS Instruments had a negative net margin of 48.24% and a positive return on equity of 13.90%. The firm had revenue of $868.00 million for the quarter, compared to analysts’ expectations of $848.94 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Analysts expect that MKS Instruments, Inc. will post 4.98 EPS for the current year.

MKS Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, May 24th. MKS Instruments’s dividend payout ratio is currently -3.30%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MKSI. Wells Fargo & Company raised their price target on shares of MKS Instruments from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. TD Cowen increased their target price on MKS Instruments from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Benchmark restated a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $140.00 price objective on shares of MKS Instruments in a research report on Thursday, June 20th. Finally, Needham & Company LLC raised their target price on shares of MKS Instruments from $145.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.86.

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.