MKS Instruments Inc. (MKSI) Sets New 12-Month High at $47.09
Shares of MKS Instruments Inc. (NASDAQ:MKSI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $47.09 and last traded at $47.04, with a volume of 181,428 shares traded. The stock had previously closed at $46.38.
Several analysts have commented on MKSI shares. Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, June 28th. Dougherty & Co lifted their target price on shares of MKS Instruments from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, May 2nd. Stifel Nicolaus lifted their target price on shares of MKS Instruments from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, May 12th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of MKS Instruments in a research note on Monday, July 11th.
The company has a market capitalization of $2.52 billion and a P/E ratio of 23.821. The stock’s 50 day moving average is $42.51 and its 200 day moving average is $37.24.
MKS Instruments (NASDAQ:MKSI) last posted its 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 firm earned $184 million during the quarter, compared to analyst estimates of $177.19 million. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. Equities analysts predict that MKS Instruments Inc. will post $2.29 earnings per share for the current fiscal year.
In related news, VP John R. Abrams sold 3,498 shares of the firm’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $42.00, for a total value of $146,916.00. Following the transaction, the vice president now directly 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 accessible through this link. Also, Director Peter Hanley sold 2,000 shares of the firm’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $41.29, for a total transaction of $82,580.00. Following the completion of the transaction, the director now owns 4,492 shares in the company, valued at $185,474.68. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently bought and sold shares of MKSI. US Bancorp DE raised 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 worth $1,197,000 after buying an additional 705 shares during the last quarter. 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. State of Tennessee Treasury Department bought a new stake in shares of MKS Instruments during the fourth quarter worth $1,490,000. Rhumbline Advisers increased its stake in shares of MKS Instruments by 3.4% in the fourth quarter. Rhumbline Advisers now owns 91,618 shares of the company’s stock worth $3,298,000 after buying an additional 3,035 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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