MKS Instruments, Inc. (NASDAQ:MKSI) – Equities researchers at KeyCorp raised their Q4 2017 earnings per share (EPS) estimates for MKS Instruments in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst W. Twigg now anticipates that the scientific and technical instruments company will post earnings of $1.62 per share for the quarter, up from their prior forecast of $1.30. KeyCorp currently has a “Outperform” rating and a $100.00 target price on the stock. KeyCorp also issued estimates for MKS Instruments’ FY2018 earnings at $6.73 EPS.
MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The firm had revenue of $486.27 million during the quarter, compared to analyst estimates of $476.24 million. During the same period last year, the firm posted $0.88 earnings per share. MKS Instruments’s revenue for the quarter was up 27.7% compared to the same quarter last year.
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MKSI has been the subject of a number of other reports. Dougherty & Co raised their target price on shares of MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Stifel Nicolaus reissued a “buy” rating on shares of MKS Instruments in a report on Sunday, October 1st. Deutsche Bank AG raised their price target on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $109.75.
MKS Instruments (NASDAQ:MKSI) traded down $0.05 during mid-day trading on Friday, hitting $104.15. 455,000 shares of the company were exchanged, compared to its average volume of 472,953. MKS Instruments has a 1 year low of $49.95 and a 1 year high of $110.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.10 and a current ratio of 4.23. The stock has a market capitalization of $5,657.49, a price-to-earnings ratio of 19.70, a PEG ratio of 1.13 and a beta of 1.11.
Several large investors have recently added to or reduced their stakes in MKSI. FMR LLC lifted its position in shares of MKS Instruments by 0.9% during the first quarter. FMR LLC now owns 22,093 shares of the scientific and technical instruments company’s stock worth $1,519,000 after purchasing an additional 200 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of MKS Instruments by 280.2% during the first quarter. Teachers Advisors LLC now owns 334,529 shares of the scientific and technical instruments company’s stock worth $22,999,000 after purchasing an additional 246,538 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of MKS Instruments by 5.0% during the first quarter. Vanguard Group Inc. now owns 4,709,382 shares of the scientific and technical instruments company’s stock worth $323,770,000 after purchasing an additional 223,363 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of MKS Instruments by 4.6% during the first quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock worth $38,938,000 after purchasing an additional 24,851 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of MKS Instruments by 50,850.9% during the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock worth $452,712,000 after purchasing an additional 6,571,973 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.
In other news, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments 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 directly owns 21,615 shares in the company, valued at $1,854,567. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction on Monday, November 6th. The stock was sold at an average price of $107.90, for a total value of $215,800.00. Following the sale, the vice president now owns 13,785 shares of the company’s stock, valued at $1,487,401.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,100 shares of company stock valued at $909,085. 1.65% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 24th. This is an increase from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. MKS Instruments’s dividend payout ratio (DPR) is currently 12.54%.
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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