The State of New Jersey Common Pension Fund D increased its position in MKS Instruments, Inc. (NASDAQ: MKSI) during the third quarter by 5.7%, as stated in the most recent 13F declaration that the company filed with the SEC. The company volunteered this information for our consideration. The fund ended the period with a total of 28,117 shares of the stock held by the scientific and technological equipment manufacturer. This was accomplished by acquiring an additional 1,509 shares during the period. The most recent filing with the SEC reveals that the State of New Jersey Common Pension Fund D holds approximately 0.05% of MKS Instruments, which has an estimated market value of $2,324,000.
Recently, institutional investors, such as hedge funds and other types of funds, have been very active in the market, buying and selling company stock shares. During the second quarter, the State of Michigan Retirement System increased the amount of MKS Instruments stock owned by 0.7%, bringing the total amount of stock owned by the system to a total of 1.1%. The State of Michigan Retirement System now holds a total of 14,140 shares of the stock of the Scientific and Technical Instruments Company, which are currently valued at $1,451,000 following the purchase of an additional 100 shares during the most recent quarter. This brings the total number of shares owned by the system to 14,140. During the second quarter, Securian Asset Management Inc. brought the total amount of MKS Instruments stock that it owned to a level that was 2.0% higher than before. After purchasing an additional 101 shares during the most recent quarter, Securian Asset Management Inc. now has 5,074 shares of the company’s stock, with a market cap of $521,000. During the second quarter, Northwestern Mutual Investment Management Company LLC brought the total MKS Instruments stock it owned to 1.1% higher than before. Because of the recent purchase of 105 additional shares in the company of the scientific and technical instrument during the most recent fiscal quarter, Northwestern Mutual Investment Management Business LLC now owns 9,316 shares in the company. Each share is valued at $956.00, and the company is worth $956,000. Covestor Ltd. increased the proportion of MKS Instruments stock owned by 19.1% during the first three months of this year. According to the current market price, Covestor Ltd. currently possesses 692 shares of the scientific and technical equipment company, valued at $104,000. During the most recent quarter, this represents an increase of 111 shares held by the company. During the second quarter, US Bancorp DE increased the MKS Instruments stock owned by 1.9%, making this the last and most important point. In the most recent fiscal quarter, US Bancorp DE purchased 119 additional shares, bringing the total number of shares directly owned by the company in the scientific and technical instruments industry to 6,429; the total value of these shares comes to $659,000. At the moment, institutions own 86.77 percent of the equity in the company.
Recently, several analysts have disseminated reports on the stock that they have researched and that have been distributed. Benchmark Investment Research downgraded its recommendation for MKS Instruments on November 4th, changing it from a “buy” rating to a “hold” rating in a research report that was made public. On Thursday, December 15th, Cowen raised their price objective on MKS Instruments shares from $85.00 to $100.00. The previous price objective was $85.00. The price target that Deutsche Bank Aktiengesellschaft has set for MKS Instruments shares has decreased from $100.00 to $90.00, as stated in a research note published on November 4th. In a research note published on November 4th, StockNews.com changed the recommendation it had previously given for MKS Instruments from a “hold” rating to a “sell” rating. In a research note distributed on Friday, November 4th, Citigroup concluded that their price objective for MKS Instruments shares has decreased from $140.00 to $100.00. Additionally, the firm assigned