Crossmark Global Holdings Inc. Grows Stake in MKS Instruments, Inc. (MKSI)

Crossmark Global Holdings Inc. increased its holdings in shares of MKS Instruments, Inc. (NASDAQ:MKSI) by 12.4% during the first quarter, Holdings Channel reports. The fund owned 4,809 shares of the scientific and technical instruments company’s stock after buying an additional 530 shares during the period. Crossmark Global Holdings Inc.’s holdings in MKS Instruments were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MKSI. Norges Bank acquired a new position in MKS Instruments during the fourth quarter worth about $40,741,000. Royce & Associates LP boosted its position in MKS Instruments by 31.8% during the fourth quarter. Royce & Associates LP now owns 1,402,765 shares of the scientific and technical instruments company’s stock worth $90,633,000 after acquiring an additional 338,387 shares during the last quarter. Bank of New York Mellon Corp boosted its position in MKS Instruments by 38.6% during the fourth quarter. Bank of New York Mellon Corp now owns 958,212 shares of the scientific and technical instruments company’s stock worth $61,910,000 after acquiring an additional 266,749 shares during the last quarter. Two Sigma Investments LP boosted its position in MKS Instruments by 339.4% during the fourth quarter. Two Sigma Investments LP now owns 243,721 shares of the scientific and technical instruments company’s stock worth $15,747,000 after acquiring an additional 188,252 shares during the last quarter. Finally, Morgan Stanley boosted its position in MKS Instruments by 125.1% during the third quarter. Morgan Stanley now owns 308,582 shares of the scientific and technical instruments company’s stock worth $24,734,000 after acquiring an additional 171,478 shares during the last quarter. Hedge funds and other institutional investors own 93.40% of the company’s stock.

NASDAQ:MKSI opened at $78.22 on Friday. The company has a current ratio of 4.59, a quick ratio of 2.98 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.28 and a beta of 1.30. MKS Instruments, Inc. has a 1-year low of $56.37 and a 1-year high of $118.75.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $463.60 million for the quarter, compared to analyst estimates of $460.64 million. MKS Instruments had a net margin of 15.13% and a return on equity of 20.38%. MKS Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.07 EPS. Equities analysts expect that MKS Instruments, Inc. will post 5.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.80 annualized dividend and a yield of 1.02%. MKS Instruments’s payout ratio is 10.22%.

In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $83.90, for a total value of $31,462.50. Following the transaction, the director now directly owns 15,037 shares in the company, valued at approximately $1,261,604.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.24% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Deutsche Bank boosted their price target on shares of MKS Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. ValuEngine upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Susquehanna Bancshares assumed coverage on shares of MKS Instruments in a research report on Wednesday. They set a “positive” rating and a $123.00 price target on the stock. Finally, Benchmark boosted their price target on shares of MKS Instruments from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, March 29th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $113.44.

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About MKS Instruments

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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