MKS Instruments Inc. (MKSI) Hits New 12-Month High at $47.09
MKS Instruments Inc. (NASDAQ:MKSI)’s share price 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 trading hands. The stock had previously closed at $46.38.
Several research firms have recently commented on MKSI. Pacific Crest reaffirmed a “buy” rating on shares of MKS Instruments in a research report on Monday, July 11th. 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 research report on Tuesday, June 28th. Dougherty & Co upped their target price on MKS Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 23rd. Finally, Stifel Nicolaus upped their target price on MKS Instruments from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, May 12th.
The stock has a market capitalization of $2.48 billion and a P/E ratio of 23.45. The company’s 50-day moving average price is $42.83 and its 200 day moving average price is $37.38.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. During the same period last year, the firm posted $0.66 EPS. The company earned $184 million during the quarter, compared to the consensus estimate of $177.19 million. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, equities analysts predict that MKS Instruments Inc. will post $2.29 earnings per share for the current fiscal year.
In related news, Director Robert R. Anderson purchased 3,500 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were bought at an average price of $35.94 per share, with a total value of $125,790.00. Following the acquisition, the director now owns 22,628 shares of the company’s stock, valued at approximately $813,250.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, 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 large investors recently bought and sold shares of MKSI. US Bancorp DE boosted its stake 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 period. Advisors Asset Management Inc. raised 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 worth $1,398,000 after buying an additional 23,449 shares in the last quarter. State of Tennessee Treasury Department acquired a new position in MKS Instruments during the fourth quarter worth $1,490,000. 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 worth $3,298,000 after buying an additional 3,035 shares in the last quarter. Finally, 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 worth $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 to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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