MKS Instruments Inc. (MKSI) CEO Gerard G. Colella Sells 2,500 Shares
MKS Instruments Inc. (NASDAQ:MKSI) CEO Gerard G. Colella sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $55.86, for a total transaction of $139,650.00. Following the completion of the sale, the chief executive officer now directly owns 35,400 shares in the company, valued at approximately $1,977,444. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of MKS Instruments Inc. (NASDAQ:MKSI) traded up 0.18% on Friday, reaching $56.50. 124,649 shares of the company traded hands. MKS Instruments Inc. has a one year low of $30.67 and a one year high of $57.00. The firm’s 50 day moving average is $50.04 and its 200 day moving average is $45.51. The company has a market capitalization of $3.03 billion, a P/E ratio of 36.01 and a beta of 0.98.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.11. MKS Instruments had a return on equity of 10.58% and a net margin of 7.98%. The business earned $380.66 million during the quarter, compared to the consensus estimate of $370.13 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 81.8% on a year-over-year basis. Analysts expect that MKS Instruments Inc. will post $2.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 28th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, November 23rd. MKS Instruments’s dividend payout ratio is 43.04%.
MKSI has been the topic of several analyst reports. Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a report on Friday, October 28th. Dougherty & Co lowered shares of MKS Instruments from a “buy” rating to a “neutral” rating in a report on Thursday, July 28th. Citigroup Inc. started coverage on shares of MKS Instruments in a research note on Wednesday, October 12th. They issued a “buy” rating and a $59.00 target price on the stock. Finally, Pacific Crest restated a “buy” rating on shares of MKS Instruments in a research note on Friday, July 29th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.40.
Large investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Equity Management increased its stake in shares of MKS Instruments by 1,064.2% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 506,010 shares of the company’s stock valued at $21,788,000 after buying an additional 462,547 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of MKS Instruments by 11.2% in the third quarter. BlackRock Fund Advisors now owns 3,818,130 shares of the company’s stock valued at $189,876,000 after buying an additional 383,617 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of MKS Instruments by 23.7% in the first quarter. Wellington Management Group LLP now owns 1,976,633 shares of the company’s stock valued at $74,420,000 after buying an additional 378,100 shares in the last quarter. Neuberger Berman Group LLC boosted its position in MKS Instruments by 39.3% in the second quarter. Neuberger Berman Group LLC now owns 1,296,952 shares of the company’s stock valued at $55,847,000 after buying an additional 365,802 shares during the last quarter. Finally, Columbus Circle Investors purchased a new position in MKS Instruments during the third quarter valued at $18,035,000. 99.16% of the stock is owned by institutional investors and hedge funds.
MKS Instruments Company Profile
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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