MKS Instruments, Inc. (NASDAQ:MKSI) CFO Seth H. Bagshaw sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $102.07, for a total value of $1,020,700.00. Following the completion of the sale, the chief financial officer now directly owns 11,766 shares in the company, valued at approximately $1,200,955.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of MKS Instruments, Inc. (MKSI) opened at $103.30 on Thursday. 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 firm has a market capitalization of $5,301.87, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 0.96 and a beta of 1.04. MKS Instruments, Inc. has a 1-year low of $61.17 and a 1-year high of $110.60.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data 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. The company had revenue of $486.27 million for the quarter, compared to the consensus estimate of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. equities research analysts predict that MKS Instruments, Inc. will post 5.89 EPS for the current fiscal year.
Several brokerages have recently commented on MKSI. BidaskClub cut MKS Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine cut MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Dougherty & Co boosted their price target on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank boosted 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, Stifel Nicolaus reaffirmed a “buy” rating and issued a $108.00 price target (up previously from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $109.75.
Institutional investors and hedge funds have recently made changes to their positions in the company. Westpac Banking Corp acquired a new position in MKS Instruments during the 4th quarter worth $369,000. CAPROCK Group Inc. raised its position in shares of MKS Instruments by 26.8% during the 4th quarter. CAPROCK Group Inc. now owns 2,862 shares of the scientific and technical instruments company’s stock valued at $275,000 after acquiring an additional 605 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of MKS Instruments by 1.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 474,986 shares of the scientific and technical instruments company’s stock valued at $44,887,000 after acquiring an additional 8,597 shares during the last quarter. Bank of Montreal Can raised its position in shares of MKS Instruments by 918.8% during the 4th quarter. Bank of Montreal Can now owns 54,627 shares of the scientific and technical instruments company’s stock valued at $5,162,000 after acquiring an additional 49,265 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of MKS Instruments during the 4th quarter valued at $1,191,000. 95.42% of the stock is currently owned by institutional investors and hedge funds.
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About MKS Instruments
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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