Shares of MKS Instruments, Inc. (NASDAQ:MKSI) dropped 9.4% during mid-day trading on Thursday . The stock traded as low as $105.20 and last traded at $105.65. Approximately 1,438,306 shares changed hands during trading, an increase of 159% from the average daily volume of 554,751 shares. The stock had previously closed at $116.60.
MKSI has been the topic of several research reports. BidaskClub cut shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Stifel Nicolaus reissued a “buy” rating and set a $133.00 price target on shares of MKS Instruments in a research report on Thursday, February 1st. ValuEngine raised shares of MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. KeyCorp reissued a “buy” rating on shares of MKS Instruments in a research report on Friday, February 2nd. Finally, Dougherty & Co reissued a “buy” rating on shares of MKS Instruments in a research report on Sunday, February 4th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. MKS Instruments has a consensus rating of “Buy” and a consensus target price of $123.00.
The firm has a market cap of $6,661.25, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.10 and a current ratio of 4.27.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.08. The firm had revenue of $512.00 million for the quarter, compared to analysts’ expectations of $500.22 million. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The firm’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. research analysts predict that MKS Instruments, Inc. will post 7.89 earnings per share for the current fiscal year.
In related news, CFO Seth H. Bagshaw sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $115.21, for a total value of $576,050.00. Following the sale, the chief financial officer now owns 23,069 shares of the company’s stock, valued at $2,657,779.49. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $105.10, for a total transaction of $210,200.00. Following the completion of the sale, the vice president now directly owns 11,863 shares in the company, valued at approximately $1,246,801.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,443 shares of company stock worth $3,603,392. 1.67% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new stake in MKS Instruments in the fourth quarter valued at approximately $446,000. Banco de Sabadell S.A acquired a new stake in MKS Instruments during the fourth quarter worth approximately $1,208,000. Csenge Advisory Group acquired a new stake in MKS Instruments during the fourth quarter worth approximately $226,000. MetLife Investment Advisors LLC acquired a new stake in MKS Instruments during the fourth quarter worth approximately $5,574,000. Finally, Gotham Asset Management LLC raised its holdings in MKS Instruments by 36.5% during the fourth quarter. Gotham Asset Management LLC now owns 159,158 shares of the scientific and technical instruments company’s stock worth $15,040,000 after purchasing an additional 42,577 shares in the last quarter. 93.92% of the stock is currently owned by hedge funds and other institutional investors.
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MKS Instruments Company Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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