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

Several equities research analysts recently weighed in on the company. Pacific Crest reaffirmed a “buy” rating on shares of MKS Instruments in a report on Monday, July 11th. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, June 28th. Dougherty & Co increased their price target on MKS Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, June 23rd. Finally, Stifel Nicolaus increased their price target 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 50-day moving average of $42.24 and a 200-day moving average of $37.10. The firm has a market capitalization of $2.45 billion and a PE ratio of 23.21.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Monday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The business had revenue of $184 million for the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. MKS Instruments’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, equities analysts expect that MKS Instruments Inc. will post $2.29 EPS for the current fiscal year.

In other MKS Instruments news, Director Richard S. Chute sold 3,000 shares of MKS Instruments stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $35.94, for a total transaction of $107,820.00. Following the sale, the director now directly owns 9,615 shares in the company, valued at approximately $345,563.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert R. Anderson acquired 3,500 shares of the company’s stock in a transaction on Thursday, May 5th. The shares were acquired at an average price of $35.94 per share, for a total transaction of $125,790.00. Following the completion of the acquisition, the director now directly owns 22,628 shares in the company, valued at $813,250.32. The disclosure for this purchase can be found here.

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of MKS Instruments by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,055,129 shares of the company’s stock worth $145,986,000 after buying an additional 122,476 shares during the period. US Bancorp DE increased its stake in shares of MKS Instruments by 2.2% in the fourth quarter. US Bancorp DE now owns 33,253 shares of the company’s stock worth $1,197,000 after buying an additional 705 shares during the period. Advisors Asset Management Inc. increased its stake in shares of MKS Instruments by 152.4% in the fourth quarter. Advisors Asset Management Inc. now owns 38,833 shares of the company’s stock worth $1,398,000 after buying an additional 23,449 shares during the period. Principal Financial Group Inc. increased its stake in shares of MKS Instruments by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 358,885 shares of the company’s stock worth $12,920,000 after buying an additional 11,556 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of 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 worth $3,357,000 after buying an additional 11,416 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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