MKS Instruments, Inc. (NASDAQ:MKSI) announced a quarterly dividend on Tuesday, October 31st, RTT News reports. Stockholders of record on Monday, November 27th will be paid a dividend of 0.18 per share by the scientific and technical instruments company on Friday, December 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, November 24th. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18.
MKS Instruments (NASDAQ MKSI) traded down $3.95 during midday trading on Monday, reaching $89.50. 845,337 shares of the company traded hands, compared to its average volume of 525,343. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29. MKS Instruments has a 52-week low of $55.80 and a 52-week high of $110.60. The stock has a market capitalization of $5,073.83, a PE ratio of 17.67, a P/E/G ratio of 1.01 and a beta of 1.04.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.10. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The company had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. equities research analysts predict that MKS Instruments will post 5.89 earnings per share for the current year.
In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $107.90, for a total transaction of $215,800.00. Following the sale, the vice president now directly owns 13,785 shares in the company, valued at approximately $1,487,401.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,213 shares of company stock valued at $1,132,269. Corporate insiders own 1.65% of the company’s stock.
A number of equities research analysts recently weighed in on MKSI shares. ValuEngine lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. KeyCorp reiterated an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a report on Saturday, September 16th. Finally, Dougherty & Co lifted their target price on shares of MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $109.75.
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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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