MKS Instruments, Inc. (NASDAQ:MKSI) Director Elizabeth Mora sold 375 shares of MKS Instruments stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $79.90, for a total value of $29,962.50. Following the transaction, the director now directly owns 15,412 shares in the company, valued at approximately $1,231,418.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
MKSI stock opened at $72.56 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.86 and a current ratio of 5.38. MKS Instruments, Inc. has a 1-year low of $67.83 and a 1-year high of $128.28. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.81 and a beta of 0.90.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.16. MKS Instruments had a return on equity of 25.57% and a net margin of 18.76%. The business had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $492.88 million. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The business’s revenue was up .2% on a year-over-year basis. As a group, research analysts predict that MKS Instruments, Inc. will post 7.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.80 annualized dividend and a yield of 1.10%. MKS Instruments’s dividend payout ratio is currently 13.42%.
A number of hedge funds have recently bought and sold shares of MKSI. Itau Unibanco Holding S.A. purchased a new position in shares of MKS Instruments during the 2nd quarter valued at $155,000. Creative Planning lifted its position in shares of MKS Instruments by 34.8% during the 2nd quarter. Creative Planning now owns 2,423 shares of the scientific and technical instruments company’s stock valued at $232,000 after buying an additional 625 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of MKS Instruments during the 2nd quarter valued at $240,000. Lido Advisors LLC lifted its position in shares of MKS Instruments by 31.5% during the 2nd quarter. Lido Advisors LLC now owns 2,751 shares of the scientific and technical instruments company’s stock valued at $263,000 after buying an additional 659 shares during the last quarter. Finally, Investment Counselors of Maryland LLC purchased a new position in shares of MKS Instruments during the 3rd quarter valued at $238,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. BidaskClub raised MKS Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday. Benchmark cut their price objective on MKS Instruments to $100.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. KeyCorp cut their price objective on MKS Instruments from $135.00 to $112.00 and set an “overweight” rating on the stock in a research report on Thursday, October 25th. Cowen set a $100.00 price objective on MKS Instruments and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, Stifel Nicolaus cut their price objective on MKS Instruments from $155.00 to $146.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Two equities research analysts have rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. MKS Instruments presently has a consensus rating of “Buy” and a consensus price target of $118.00.
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About MKS Instruments
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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