Mackenzie Financial Corp Takes $649,000 Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Mackenzie Financial Corp bought a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,310 shares of the scientific and technical instruments company’s stock, valued at approximately $649,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of MKS Instruments by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,853,896 shares of the scientific and technical instruments company’s stock valued at $593,136,000 after purchasing an additional 187,884 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of MKS Instruments in the 4th quarter valued at about $21,052,000. Nordea Investment Management AB raised its holdings in shares of MKS Instruments by 2,071.7% in the 4th quarter. Nordea Investment Management AB now owns 880,884 shares of the scientific and technical instruments company’s stock valued at $90,432,000 after purchasing an additional 840,322 shares during the period. Tributary Capital Management LLC raised its holdings in shares of MKS Instruments by 23.2% in the 4th quarter. Tributary Capital Management LLC now owns 7,453 shares of the scientific and technical instruments company’s stock valued at $767,000 after purchasing an additional 1,402 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in MKS Instruments by 41.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 134,735 shares of the scientific and technical instruments company’s stock valued at $11,660,000 after acquiring an additional 39,255 shares during the period. 99.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Seth H. Bagshaw sold 32,865 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $123.28, for a total transaction of $4,051,597.20. Following the sale, the chief financial officer now owns 1 shares in the company, valued at approximately $123.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Seth H. Bagshaw sold 32,865 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $123.28, for a total transaction of $4,051,597.20. Following the sale, the chief financial officer now owns 1 shares in the company, valued at approximately $123.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth Mora sold 250 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $133.00, for a total transaction of $33,250.00. Following the sale, the director now owns 16,862 shares in the company, valued at approximately $2,242,646. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,776 shares of company stock worth $6,226,307. Corporate insiders own 0.46% of the company’s stock.

MKS Instruments Stock Performance

Shares of NASDAQ:MKSI opened at $116.27 on Friday. The company’s 50 day moving average price is $123.92 and its two-hundred day moving average price is $102.22. MKS Instruments, Inc. has a 12-month low of $63.44 and a 12-month high of $135.51. The firm has a market cap of $7.80 billion, a PE ratio of -4.22, a PEG ratio of 3.70 and a beta of 1.67. The company has a quick ratio of 2.01, a current ratio of 3.18 and a debt-to-equity ratio of 1.90.

MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28. MKS Instruments had a negative net margin of 50.80% and a positive return on equity of 9.95%. The firm had revenue of $893.00 million for the quarter, compared to analyst estimates of $845.25 million. During the same quarter in the prior year, the business posted $2.00 EPS. The business’s revenue was down 17.7% compared to the same quarter last year. Equities research analysts predict that MKS Instruments, Inc. will post 4.54 earnings per share for the current year.

MKS Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were given a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. MKS Instruments’s dividend payout ratio is -3.19%.

Analyst Ratings Changes

MKSI has been the topic of several research analyst reports. StockNews.com raised shares of MKS Instruments from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. TheStreet raised shares of MKS Instruments from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Wells Fargo & Company increased their price target on shares of MKS Instruments from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Needham & Company LLC increased their price target on shares of MKS Instruments from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, KeyCorp increased their price target on shares of MKS Instruments from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.75.

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.