Shares of MKS Instruments Inc. (NASDAQ:MKSI) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.00 and last traded at $46.71, with a volume of 249,008 shares trading hands. The stock had previously closed at $46.67.

Several analysts have issued reports on the company. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research note on Friday, May 6th. Pacific Crest restated a “buy” rating on shares of MKS Instruments in a research note on Monday. Stifel Nicolaus upped their price objective on MKS Instruments from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, May 12th. Finally, Dougherty & Co restated a “buy” rating and issued a $46.00 price objective (up previously from $45.00) on shares of MKS Instruments in a research note on Monday, June 13th.

The company’s 50-day moving average is $41.87 and its 200-day moving average is $36.97. The stock has a market cap of $2.48 billion and a P/E ratio of 23.47.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Monday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.66 EPS. MKS Instruments’s revenue for the quarter was down 14.1% on a year-over-year basis. On average, analysts expect that MKS Instruments Inc. will post $2.29 EPS for the current fiscal year.

In other MKS Instruments news, VP John R. Abrams sold 3,498 shares of MKS Instruments stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $42.00, for a total transaction of $146,916.00. Following the completion of the transaction, the vice president now owns 4,943 shares in the company, valued at approximately $207,606. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Hanley sold 2,000 shares of MKS Instruments stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $41.29, for a total transaction of $82,580.00. Following the transaction, the director now directly owns 4,492 shares in the company, valued at approximately $185,474.68. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of MKSI. Dimensional Fund Advisors LP boosted its position in MKS Instruments by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,055,129 shares of the company’s stock valued at $145,986,000 after buying an additional 122,476 shares in the last quarter. US Bancorp DE boosted its position in MKS Instruments by 2.2% in the fourth quarter. US Bancorp DE now owns 33,253 shares of the company’s stock valued at $1,197,000 after buying an additional 705 shares in the last quarter. Advisors Asset Management Inc. boosted its position in MKS Instruments by 152.4% in the fourth quarter. Advisors Asset Management Inc. now owns 38,833 shares of the company’s stock valued at $1,398,000 after buying an additional 23,449 shares in the last quarter. Principal Financial Group Inc. boosted its position in MKS Instruments by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 358,885 shares of the company’s stock valued at $12,920,000 after buying an additional 11,556 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted 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 in the last quarter.

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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