MKS Instruments, Inc. (NASDAQ:MKSI) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,256,859 shares, a decrease of 33.0% from the January 12th total of 1,877,091 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 536,501 shares, the days-to-cover ratio is currently 2.3 days.
Shares of MKS Instruments (MKSI) traded up $5.75 on Wednesday, hitting $107.55. 450,276 shares of the stock were exchanged, compared to its average volume of 605,696. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.21 and a quick ratio of 3.06. The stock has a market cap of $5,600.48, a P/E ratio of 16.93, a PEG ratio of 1.02 and a beta of 1.04. MKS Instruments has a 1-year low of $64.45 and a 1-year high of $110.60.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.08. The business had revenue of $512.00 million during the quarter, compared to the consensus estimate of $500.22 million. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS. equities analysts forecast that MKS Instruments will post 7.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be issued a $0.18 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.67%. MKS Instruments’s dividend payout ratio is presently 11.69%.
In other MKS Instruments news, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $95.26, for a total transaction of $476,300.00. Following the completion of the transaction, the chief executive officer now owns 5,025 shares in the company, valued at approximately $478,681.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $105.10, for a total transaction of $210,200.00. Following the transaction, the vice president now owns 11,863 shares of the company’s stock, valued at approximately $1,246,801.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,139 shares of company stock valued at $3,069,492. 1.65% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. OxFORD Asset Management LLP purchased a new position in shares of MKS Instruments in the 3rd quarter valued at about $570,000. Prudential Financial Inc. increased its holdings in shares of MKS Instruments by 237.7% in the 3rd quarter. Prudential Financial Inc. now owns 360,782 shares of the scientific and technical instruments company’s stock valued at $34,076,000 after purchasing an additional 253,949 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of MKS Instruments in the 2nd quarter valued at about $358,000. Rothschild Asset Management Inc. purchased a new position in shares of MKS Instruments in the 3rd quarter valued at about $24,693,000. Finally, Bessemer Group Inc. purchased a new position in shares of MKS Instruments in the 3rd quarter valued at about $331,000. Institutional investors and hedge funds own 95.00% of the company’s stock.
A number of equities analysts have commented on MKSI shares. Deutsche Bank upped their price objective on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective for the company in a research report on Tuesday, February 6th. KeyCorp restated a “buy” rating on shares of MKS Instruments in a research report on Friday, February 2nd. Stifel Nicolaus restated a “buy” rating and set a $133.00 price objective on shares of MKS Instruments in a research report on Thursday, February 1st. Finally, Dougherty & Co upped their price objective 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $116.60.
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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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