MKS Instruments, Inc. (MKSI) CFO Seth H. Bagshaw Sells 7,500 Shares
MKS Instruments, Inc. (NASDAQ:MKSI) CFO Seth H. Bagshaw sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the sale, the chief financial officer now owns 21,615 shares in the company, valued at $1,854,567. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
MKS Instruments, Inc. (NASDAQ:MKSI) traded up 0.06% during mid-day trading on Friday, reaching $86.60. 921,278 shares of the company’s stock traded hands. The firm has a 50 day moving average of $81.49 and a 200 day moving average of $75.78. The firm has a market cap of $4.70 billion, a PE ratio of 17.99 and a beta of 1.08. MKS Instruments, Inc. has a 1-year low of $46.51 and a 1-year high of $88.40.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.41. The company had revenue of $481.00 million for the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The company’s revenue was up 47.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. Analysts forecast that MKS Instruments, Inc. will post $5.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s dividend payout ratio is 14.58%.
A number of large investors have recently added to or reduced their stakes in MKSI. Bank of Montreal Can increased its position in MKS Instruments by 14.4% during the first quarter. Bank of Montreal Can now owns 4,527 shares of the scientific and technical instruments company’s stock worth $311,000 after acquiring an additional 569 shares during the period. Strs Ohio increased its position in MKS Instruments by 15.4% during the first quarter. Strs Ohio now owns 7,500 shares of the scientific and technical instruments company’s stock worth $515,000 after acquiring an additional 1,000 shares during the period. Wells Fargo & Company MN increased its position in MKS Instruments by 1.2% during the first quarter. Wells Fargo & Company MN now owns 172,911 shares of the scientific and technical instruments company’s stock worth $11,888,000 after acquiring an additional 1,969 shares during the period. Great West Life Assurance Co. Can increased its position in MKS Instruments by 6.7% during the first quarter. Great West Life Assurance Co. Can now owns 76,063 shares of the scientific and technical instruments company’s stock worth $5,228,000 after acquiring an additional 4,745 shares during the period. Finally, LSV Asset Management bought a new position in MKS Instruments during the first quarter worth about $749,000. 95.84% of the stock is currently owned by institutional investors and hedge funds.
MKSI has been the topic of several research analyst reports. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Deutsche Bank AG initiated coverage on shares of MKS Instruments in a research report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price target on the stock. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $98.00 price target (up from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $84.00.
MKS Instruments Company Profile
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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