Coldstream Capital Management Inc. Invests $403,000 in MKS Instruments, Inc. (NASDAQ:MKSI)

Coldstream Capital Management Inc. bought a new position in shares of MKS Instruments, Inc. (NASDAQ:MKSIFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,916 shares of the scientific and technical instruments company’s stock, valued at approximately $403,000.

Several other institutional investors have also recently made changes to their positions in the company. Mendota Financial Group LLC purchased a new position in MKS Instruments in the fourth quarter valued at $27,000. GAMMA Investing LLC acquired a new position in MKS Instruments in the 4th quarter worth about $35,000. Baystate Wealth Management LLC purchased a new position in MKS Instruments during the fourth quarter worth approximately $56,000. Signaturefd LLC grew its holdings in MKS Instruments by 22.1% in the third quarter. Signaturefd LLC now owns 928 shares of the scientific and technical instruments company’s stock valued at $80,000 after purchasing an additional 168 shares during the period. Finally, Avior Wealth Management LLC purchased a new stake in shares of MKS Instruments in the fourth quarter valued at approximately $138,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MKSI has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $142.00 target price on shares of MKS Instruments in a research report on Friday, May 10th. Needham & Company LLC boosted their price target on shares of MKS Instruments from $145.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of MKS Instruments from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. StockNews.com raised shares of MKS Instruments from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, KeyCorp increased their price target on shares of MKS Instruments from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.25.

Read Our Latest Research Report on MKSI

MKS Instruments Price Performance

Shares of MKSI stock traded up $2.70 during midday trading on Friday, reaching $131.01. 888,485 shares of the company were exchanged, compared to its average volume of 983,264. MKS Instruments, Inc. has a 12 month low of $63.44 and a 12 month high of $135.51. The company has a market cap of $8.79 billion, a P/E ratio of -4.91, a PEG ratio of 4.27 and a beta of 1.69. The company’s 50 day moving average price is $124.28 and its two-hundred day moving average price is $109.83. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.34 and a current ratio of 3.69.

MKS Instruments (NASDAQ:MKSIGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 earnings per share (EPS) for the quarter, beating 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 business had revenue of $868.00 million for the quarter, compared to analyst estimates of $848.94 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that MKS Instruments, Inc. will post 4.49 earnings per share for the current year.

MKS Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, May 24th. MKS Instruments’s payout ratio is -3.30%.

Insider Transactions at MKS Instruments

In related news, Director Jacqueline F. Moloney sold 250 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.89, for a total transaction of $30,722.50. Following the completion of the transaction, the director now directly owns 9,161 shares in the company, valued at approximately $1,125,795.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Kathleen Flaherty Burke sold 7,411 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.89, for a total value of $910,737.79. Following the sale, the executive vice president now owns 42,999 shares of the company’s stock, valued at approximately $5,284,147.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.89, for a total transaction of $30,722.50. Following the sale, the director now directly owns 9,161 shares in the company, valued at approximately $1,125,795.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,911 shares of company stock worth $974,710. 0.46% of the stock is owned by insiders.

MKS Instruments Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for MKS Instruments (NASDAQ:MKSI)

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