MKS Instruments, Inc. (NASDAQ:MKSI) CFO Seth H. Bagshaw sold 5,000 shares of MKS Instruments stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $115.21, for a total transaction of $576,050.00. Following the completion of the transaction, the chief financial officer now directly owns 23,069 shares in the company, valued at $2,657,779.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of MKS Instruments, Inc. (MKSI) traded up $4.75 on Wednesday, reaching $114.75. 713,800 shares of the company were exchanged, compared to its average volume of 593,951. MKS Instruments, Inc. has a 52-week low of $64.45 and a 52-week high of $116.55. The stock has a market capitalization of $6,230.00, a P/E ratio of 17.68, a PEG ratio of 1.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.21 and a quick ratio of 3.06.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.08. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The firm had revenue of $512.00 million for the quarter, compared to the consensus estimate of $500.22 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. equities analysts predict that MKS Instruments, Inc. will post 7.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, February 23rd. MKS Instruments’s payout ratio is presently 11.09%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. grew its position in MKS Instruments by 311.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,065 shares of the scientific and technical instruments company’s stock valued at $101,000 after purchasing an additional 806 shares in the last quarter. Krilogy Financial LLC purchased a new position in MKS Instruments during the third quarter valued at approximately $144,000. Bridgeworth LLC purchased a new position in MKS Instruments during the third quarter valued at approximately $203,000. Greenwood Capital Associates LLC purchased a new position in MKS Instruments during the third quarter valued at approximately $204,000. Finally, Advisor Partners LLC purchased a new position in MKS Instruments during the fourth quarter valued at approximately $206,000. 93.92% of the stock is currently owned by hedge funds and other institutional investors.
MKSI has been the topic of several analyst reports. Deutsche Bank lifted their target price 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 raised shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 target price on the stock in a research report on Tuesday, February 6th. KeyCorp reissued a “buy” rating on shares of MKS Instruments in a research report on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $133.00 target price on shares of MKS Instruments in a research report on Thursday, February 1st. 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. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average 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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