MKS Instruments Inc. (MKSI) Sets New 12-Month High at $44.02
MKS Instruments Inc. (NASDAQ:MKSI)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $44.02 and last traded at $43.59, with a volume of 289,678 shares. The stock had previously closed at $41.63.
Several equities analysts have recently issued reports on the company. Dougherty & Co boosted their price objective on MKS Instruments from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, May 2nd. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, June 28th. Finally, Stifel Nicolaus boosted their target price on MKS Instruments from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, May 12th.
The stock has a market cap of $2.35 billion and a PE ratio of 22.22. The company has a 50 day moving average of $41.20 and a 200 day moving average of $36.77.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Monday, April 25th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. The company had revenue of $184 million for the quarter, compared to analyst estimates of $177.19 million. During the same period in the prior year, the company posted $0.66 EPS. The firm’s quarterly revenue was down 14.1% on a year-over-year basis. Equities analysts expect that MKS Instruments Inc. will post $2.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Monday, May 30th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.55%. The ex-dividend date was Wednesday, May 25th.
In related news, Director Peter Hanley sold 2,000 shares of the stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $41.29, for a total value of $82,580.00. Following the completion of the transaction, the director now owns 4,492 shares of the company’s stock, valued at $185,474.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert R. Anderson purchased 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was acquired at an average cost of $35.94 per share, with a total value of $125,790.00. Following the transaction, the director now directly owns 22,628 shares of the company’s stock, valued at $813,250.32. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in MKS Instruments during the fourth quarter valued at about $3,357,000. Rhumbline Advisers raised its position in MKS Instruments by 3.4% in the fourth quarter. Rhumbline Advisers now owns 91,618 shares of the company’s stock valued at $3,298,000 after buying an additional 3,035 shares during the period. Mutual of America Capital Management LLC raised its position in MKS Instruments by 14.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 93,237 shares of the company’s stock valued at $3,357,000 after buying an additional 11,416 shares during the period. California State Teachers Retirement System raised its position in MKS Instruments by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 98,927 shares of the company’s stock valued at $3,561,000 after buying an additional 1,550 shares during the period. Finally, Neuberger Berman Group LLC raised its position in MKS Instruments by 399.7% in the fourth quarter. Neuberger Berman Group LLC now owns 750,050 shares of the company’s stock valued at $27,002,000 after buying an additional 599,950 shares during the period.
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates in four segments: Advanced Manufacturing Capital Equipment; Analytical Solutions Group; Europe Region Sales & Service, and Asia Region Sales & Service.
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