MKS Instruments Inc. (MKSI) Sets New 1-Year High at $47.49
MKS Instruments Inc. (NASDAQ:MKSI) shares hit a new 52-week high on Tuesday . The stock traded as high as $47.49 and last traded at $47.17, with a volume of 209,680 shares. The stock had previously closed at $46.91.
MKSI has been the topic of several recent analyst reports. Dougherty & Co increased their price objective on shares of MKS Instruments from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, May 2nd. Stifel Nicolaus increased their price objective on shares of MKS Instruments from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, May 12th. Pacific Crest reiterated a “buy” rating on shares of MKS Instruments in a report on Monday, July 11th. Finally, Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, June 28th.
The company’s 50-day moving average is $43.47 and its 200-day moving average is $37.75. The firm has a market cap of $2.56 billion and a PE ratio of 24.26.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.48 by $0.24. During the same quarter last year, the firm posted $0.62 earnings per share. The business earned $325.90 million during the quarter, compared to the consensus estimate of $288.62 million. MKS Instruments’s revenue was up 49.5% compared to the same quarter last year. Equities research analysts expect that MKS Instruments Inc. will post $2.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 29th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%.
In related news, VP Brian Charles Quirk sold 1,000 shares of MKS Instruments stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $36.25, for a total value of $36,250.00. Following the transaction, the vice president now owns 13,210 shares of the company’s stock, valued at approximately $478,862.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 bought at an average cost of $35.94 per share, for a total transaction of $125,790.00. Following the purchase, the director now directly owns 22,628 shares in the company, valued at approximately $813,250.32. The disclosure for this purchase can be found here.
Other institutional investors recently modified their holdings of the company. US Bancorp DE boosted its position 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 in the last quarter. Advisors Asset Management Inc. boosted its position 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 in the last quarter. State of Tennessee Treasury Department bought a new position in shares of MKS Instruments during the fourth quarter worth $1,490,000. Rhumbline Advisers boosted its position 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 in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position 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 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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