MKS Instruments Inc. (MKSI) Stock Price Down 3.2%
MKS Instruments Inc. (NASDAQ:MKSI) shares fell 3.2% during trading on Friday . The company traded as low as $45.29 and last traded at $45.63, with a volume of 734,766 shares. The stock had previously closed at $47.16.
A number of research firms have recently commented on MKSI. Pacific Crest restated a “buy” rating on shares of MKS Instruments in a report on Friday. Dougherty & Co cut shares of MKS Instruments from a “buy” rating to a “neutral” rating in a report on Thursday. 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. Finally, Stifel Nicolaus upped their price target 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.
The stock has a 50-day moving average of $43.70 and a 200 day moving average of $37.91. The firm has a market cap of $2.47 billion and a P/E ratio of 29.88.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.24. During the same period last year, the firm earned $0.62 EPS. The business had revenue of $325.90 million for the quarter, compared to analyst estimates of $288.62 million. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. On average, equities analysts anticipate that MKS Instruments Inc. will post $2.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 29th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $0.68 annualized dividend and a dividend yield of 1.49%.
In related news, Director Robert R. Anderson purchased 3,500 shares of MKS Instruments stock in a transaction dated 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 acquisition, the director now directly owns 22,628 shares in the company, valued at $813,250.32. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Peter Hanley sold 2,000 shares of MKS Instruments stock in a transaction on Friday, June 10th. The stock was sold at an average price of $41.29, for a total value of $82,580.00. Following the transaction, the director now owns 4,492 shares in the company, valued at approximately $185,474.68. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of the company. 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 valued at $1,197,000 after buying an additional 705 shares in the last quarter. State of Wisconsin Investment Board raised its position in MKS Instruments by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 225,972 shares of the company’s stock valued at $8,135,000 after buying an additional 2,062 shares in the last quarter. 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 valued at $3,298,000 after buying an additional 3,035 shares in the last quarter. 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 valued at $3,357,000 after buying an additional 11,416 shares in the last quarter. Finally, Principal Financial Group Inc. raised 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.
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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