MKS Instruments Inc. (MKSI) VP Seth H. Bagshaw Sells 10,000 Shares
MKS Instruments Inc. (NASDAQ:MKSI) VP Seth H. Bagshaw sold 10,000 shares of MKS Instruments stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $55.45, for a total transaction of $554,500.00. Following the completion of the sale, the vice president now owns 19,302 shares in the company, valued at $1,070,295.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
MKS Instruments Inc. (NASDAQ:MKSI) traded up 0.44% during mid-day trading on Friday, hitting $56.65. 104,496 shares of the stock were exchanged. The stock has a market cap of $3.04 billion, a PE ratio of 36.11 and a beta of 0.98. MKS Instruments Inc. has a 52-week low of $30.67 and a 52-week high of $57.00. The stock’s 50 day moving average is $50.04 and its 200 day moving average is $45.51.
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, topping the Zacks’ 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 firm had revenue of $380.66 million for the quarter, compared to the consensus estimate of $370.13 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. Analysts forecast that MKS Instruments Inc. will post $2.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Monday, November 28th will be issued a dividend of $0.17 per share. 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’s dividend payout ratio (DPR) is presently 43.04%.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of MKS Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. Pacific Crest reiterated a “buy” rating on shares of MKS Instruments in a report on Friday, July 29th. Dougherty & Co downgraded shares of MKS Instruments from a “buy” rating to a “neutral” rating in a report on Thursday, July 28th. Finally, Citigroup Inc. began coverage on shares of MKS Instruments in a report on Wednesday, October 12th. They issued a “buy” rating and a $59.00 price target on the stock. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. MKS Instruments has an average rating of “Buy” and an average target price of $51.40.
A number of hedge funds have recently made changes to their positions in MKSI. 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 worth $74,420,000 after buying an additional 378,100 shares during the period. Mason Street Advisors LLC bought a new position in MKS Instruments during the second quarter valued at about $449,000. Moody Aldrich Partners LLC increased its position in MKS Instruments by 134.5% in the second quarter. Moody Aldrich Partners LLC now owns 44,255 shares of the company’s stock valued at $1,906,000 after buying an additional 25,385 shares during the last quarter. Victory Capital Management Inc. increased its position in MKS Instruments by 2.9% in the second quarter. Victory Capital Management Inc. now owns 1,213,900 shares of the company’s stock valued at $52,271,000 after buying an additional 33,946 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in MKS Instruments by 384.8% in the second quarter. GSA Capital Partners LLP now owns 38,302 shares of the company’s stock valued at $1,649,000 after buying an additional 30,402 shares during the last quarter. 99.16% of the stock is currently owned by hedge funds and other institutional investors.
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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