MKS Instruments Inc. (MKSI) to Issue Quarterly Dividend of $0.17 on December 9th
MKS Instruments Inc. (NASDAQ:MKSI) declared a quarterly dividend on Tuesday, October 25th. Shareholders of record on Monday, November 28th will be given a dividend of 0.17 per share on Friday, December 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, November 23rd.
MKS Instruments (NASDAQ:MKSI) opened at 56.40 on Friday. The firm has a 50-day moving average of $50.04 and a 200-day moving average of $45.51. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 35.95 and a beta of 0.98. MKS Instruments has a 1-year low of $30.67 and a 1-year high of $56.65.
MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Wednesday, October 26th. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.11. MKS Instruments had a net margin of 7.98% and a return on equity of 10.58%. The business had revenue of $380.66 million for the quarter, compared to analyst estimates of $370.13 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. Equities research analysts anticipate that MKS Instruments will post $2.93 EPS for the current year.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of MKS Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. Pacific Crest reaffirmed a “buy” rating on shares of MKS Instruments in a report on Friday, July 29th. Dougherty & Co lowered shares of MKS Instruments from a “buy” rating to a “neutral” rating in a report on Thursday, July 28th. Finally, Citigroup Inc. assumed coverage on shares of MKS Instruments in a report on Wednesday, October 12th. They issued a “buy” rating and a $59.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned 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 target price of $51.40.
In related news, VP Brian Charles Quirk sold 1,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $49.36, for a total transaction of $49,360.00. Following the transaction, the vice president now owns 11,210 shares in the company, valued at approximately $553,325.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $47.11, for a total transaction of $235,550.00. Following the transaction, the chief executive officer now owns 37,900 shares in the company, valued at approximately $1,785,469. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. increased its position in shares of MKS Instruments by 102.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 18,603 shares of the company’s stock valued at $924,000 after buying an additional 9,393 shares during the period. Panagora Asset Management Inc. increased its position in shares of MKS Instruments by 23.5% in the third quarter. Panagora Asset Management Inc. now owns 63,084 shares of the company’s stock valued at $3,137,000 after buying an additional 12,003 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of MKS Instruments during the third quarter valued at about $4,913,000. UBS Group AG increased its position in shares of MKS Instruments by 9.8% in the third quarter. UBS Group AG now owns 38,121 shares of the company’s stock valued at $1,896,000 after buying an additional 3,396 shares during the period. Finally, KCG Holdings Inc. bought a new position in shares of MKS Instruments during the third quarter valued at about $415,000. Institutional investors and hedge funds own 99.16% of the company’s stock.
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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