MKS Instruments Inc. (MKSI) Stock Price Up 4.1%
MKS Instruments Inc. (NASDAQ:MKSI)’s share price rose 4.1% during trading on Friday . The stock traded as high as $49.10 and last traded at $48.83, with a volume of 483,046 shares changing hands. The stock had previously closed at $46.90.
MKSI has been the topic of several research analyst reports. Dougherty & Co boosted their price objective on MKS Instruments from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, May 2nd. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Friday, May 6th. Stifel Nicolaus lifted their target price on MKS Instruments from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, May 12th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of MKS Instruments in a report on Monday, July 11th.
The stock has a market cap of $2.63 billion and a PE ratio of 32.07. The stock has a 50 day moving average of $45.85 and a 200 day moving average of $39.16.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.24. The company had revenue of $325.90 million for the quarter, compared to analyst estimates of $288.62 million. MKS Instruments’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Equities analysts anticipate that MKS Instruments Inc. will post $2.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Monday, August 29th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, August 25th.
In other MKS Instruments news, CEO Gerard G. Colella sold 5,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $45.71, for a total transaction of $228,550.00. Following the sale, the chief executive officer now directly owns 42,900 shares of the company’s stock, valued at approximately $1,960,959. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian Charles Quirk sold 1,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $45.17, for a total value of $45,170.00. Following the sale, the vice president now directly owns 12,210 shares in the company, valued at $551,525.70. The disclosure for this sale can be found here.
Other large investors have recently bought and sold shares of the company. State of Tennessee Treasury Department purchased a new stake in MKS Instruments during the fourth quarter valued at about $1,490,000. US Bancorp DE raised 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 valued at $1,197,000 after buying an additional 705 shares during the last quarter. Advisors Asset Management Inc. raised its stake in MKS Instruments by 152.4% in the fourth quarter. Advisors Asset Management Inc. now owns 38,833 shares of the company’s stock valued at $1,398,000 after buying an additional 23,449 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake 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 during 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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