Roubaix Capital LLC Buys 7,527 Shares of MKS Instruments, Inc. (NASDAQ:MKSI)

Roubaix Capital LLC raised its stake in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 25.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,804 shares of the scientific and technical instruments company’s stock after buying an additional 7,527 shares during the quarter. MKS Instruments comprises 2.2% of Roubaix Capital LLC’s portfolio, making the stock its 22nd largest holding. Roubaix Capital LLC’s holdings in MKS Instruments were worth $4,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC purchased a new position in MKS Instruments during the first quarter valued at approximately $918,000. Bessemer Group Inc. grew its position in shares of MKS Instruments by 7.1% during the 1st quarter. Bessemer Group Inc. now owns 78,093 shares of the scientific and technical instruments company’s stock valued at $10,387,000 after purchasing an additional 5,184 shares in the last quarter. Comerica Bank grew its position in shares of MKS Instruments by 29.5% during the 1st quarter. Comerica Bank now owns 111,923 shares of the scientific and technical instruments company’s stock valued at $14,886,000 after purchasing an additional 25,520 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of MKS Instruments by 7.6% in the second quarter. First Eagle Investment Management LLC now owns 141,187 shares of the scientific and technical instruments company’s stock worth $18,436,000 after purchasing an additional 10,000 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of MKS Instruments in the second quarter worth $1,599,000. 99.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Elizabeth Mora sold 275 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total transaction of $31,891.75. Following the completion of the sale, the director now directly owns 17,934 shares in the company, valued at approximately $2,079,805.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Jacqueline F. Moloney sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total transaction of $27,225.00. Following the completion of the transaction, the director now owns 10,283 shares in the company, valued at $1,119,818.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total transaction of $31,891.75. Following the transaction, the director now directly owns 17,934 shares in the company, valued at approximately $2,079,805.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,325 shares of company stock valued at $272,795 in the last quarter. Insiders own 0.46% of the company’s stock.

MKS Instruments Stock Down 2.9 %

MKSI opened at $102.32 on Thursday. MKS Instruments, Inc. has a 12 month low of $63.44 and a 12 month high of $147.40. The company has a current ratio of 3.58, a quick ratio of 2.31 and a debt-to-equity ratio of 2.16. The business’s 50-day moving average price is $108.48 and its 200-day moving average price is $119.49. The company has a market cap of $6.86 billion, a P/E ratio of -3.83, a P/E/G ratio of 0.70 and a beta of 1.63.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.51. The business had revenue of $887.00 million for the quarter, compared to analysts’ expectations of $866.38 million. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.32 EPS. On average, equities analysts expect that MKS Instruments, Inc. will post 5.61 EPS for the current year.

MKS Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were given a dividend of $0.22 per share. The ex-dividend date was Monday, August 26th. This represents a $0.88 annualized dividend and a yield of 0.86%. MKS Instruments’s payout ratio is currently -3.30%.

Analysts Set New Price Targets

Several equities analysts recently commented on MKSI shares. Morgan Stanley assumed coverage on MKS Instruments in a research note on Monday, August 5th. They issued an “overweight” rating and a $155.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on MKS Instruments from $140.00 to $120.00 and set a “hold” rating for the company in a report on Friday, August 9th. Bank of America began coverage on shares of MKS Instruments in a research note on Wednesday, July 10th. They issued a “buy” rating and a $160.00 target price on the stock. Mizuho raised shares of MKS Instruments to a “strong-buy” rating in a research note on Monday, October 7th. Finally, Cantor Fitzgerald started coverage on shares of MKS Instruments in a report on Tuesday, September 10th. They issued an “overweight” rating and a $140.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MKS Instruments presently has an average rating of “Moderate Buy” and a consensus price target of $141.09.

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.