MKS Instruments Inc. (MKSI) Trading Up 4.1%
MKS Instruments Inc. (NASDAQ:MKSI) shares were up 4.1% on Friday . The stock traded as high as $49.10 and last traded at $48.83, with a volume of 483,046 shares. The stock had previously closed at $46.90.
Several brokerages have commented on MKSI. Dougherty & Co raised their target price 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 raised their target price 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 restated a “buy” rating on shares of MKS Instruments in a report on Friday, July 29th. Finally, Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, June 28th.
The company has a market cap of $2.62 billion and a PE ratio of 31.97. The company has a 50 day moving average of $46.01 and a 200 day moving average of $39.26.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.24. During the same period in the prior year, the company earned $0.62 EPS. The firm earned $325.90 million during the quarter, compared to analyst estimates of $288.62 million. The business’s quarterly revenue was up 49.5% compared to the same quarter last year. Analysts anticipate that MKS Instruments Inc. will post $2.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 29th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 25th.
In other news, VP John R. Abrams sold 3,498 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $42.00, for a total value of $146,916.00. Following the completion of the transaction, the vice president now owns 4,943 shares of the company’s stock, valued at $207,606. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian Charles Quirk sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $45.17, for a total value of $45,170.00. Following the completion of the transaction, the vice president now directly owns 12,210 shares of the company’s stock, valued at approximately $551,525.70. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased 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. State of Tennessee Treasury Department bought a new stake in shares of MKS Instruments during the fourth quarter valued at approximately $1,490,000. Advisors Asset Management Inc. boosted 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 valued at $1,398,000 after buying an additional 23,449 shares during the last quarter. Finally, US Bancorp DE boosted its stake 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 valued at $1,197,000 after buying an additional 705 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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