Nuveen Asset Management LLC Cuts Holdings in MKS Instruments, Inc. (NASDAQ:MKSI)

Nuveen Asset Management LLC cut its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 11.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 215,770 shares of the scientific and technical instruments company’s stock after selling 27,423 shares during the period. Nuveen Asset Management LLC owned approximately 0.40% of MKS Instruments worth $13,941,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of MKS Instruments by 53.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 514 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 178 shares during the last quarter. Penserra Capital Management LLC lifted its position in MKS Instruments by 89.8% in the fourth quarter. Penserra Capital Management LLC now owns 672 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 318 shares during the last quarter. Dubuque Bank & Trust Co. raised its holdings in shares of MKS Instruments by 52.0% in the fourth quarter. Dubuque Bank & Trust Co. now owns 1,043 shares of the scientific and technical instruments company’s stock valued at $67,000 after buying an additional 357 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of MKS Instruments in the third quarter valued at about $96,000. Finally, James Investment Research Inc. raised its holdings in shares of MKS Instruments by 13.5% in the fourth quarter. James Investment Research Inc. now owns 2,966 shares of the scientific and technical instruments company’s stock valued at $192,000 after buying an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

NASDAQ:MKSI traded down $2.01 during trading hours on Monday, reaching $97.47. 288,461 shares of the company were exchanged, compared to its average volume of 647,372. MKS Instruments, Inc. has a 52-week low of $56.37 and a 52-week high of $122.77. The company has a market cap of $5.37 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.30 and a beta of 1.35. The company has a quick ratio of 4.10, a current ratio of 5.56 and a debt-to-equity ratio of 0.18.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, January 29th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.03. MKS Instruments had a net margin of 18.93% and a return on equity of 23.96%. The company had revenue of $460.54 million during the quarter, compared to analyst estimates of $440.68 million. During the same quarter in the prior year, the business earned $1.71 earnings per share. Research analysts forecast that MKS Instruments, Inc. will post 6.28 earnings per share for the current fiscal year.

In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $83.90, for a total transaction of $31,462.50. Following the completion of the transaction, the director now directly owns 15,037 shares of the company’s stock, valued at approximately $1,261,604.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.24% of the stock is owned by company insiders.

A number of equities research analysts have recently commented on the stock. ValuEngine raised shares of MKS Instruments from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. DA Davidson boosted their price target on shares of MKS Instruments to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Stifel Nicolaus upped their target price on shares of MKS Instruments from $100.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. BidaskClub lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, December 26th. Finally, Zacks Investment Research upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $109.00.

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MKS Instruments Profile

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.

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

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