Robert R. Anderson Sells 2,500 Shares of MKS Instruments Inc. (MKSI) Stock
MKS Instruments Inc. (NASDAQ:MKSI) Director Robert R. Anderson sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $56.76, for a total transaction of $141,900.00. Following the completion of the transaction, the director now owns 20,128 shares in the company, valued at approximately $1,142,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of MKS Instruments Inc. (NASDAQ:MKSI) opened at 57.55 on Friday. The company’s 50-day moving average is $50.97 and its 200 day moving average is $46.17. MKS Instruments Inc. has a 1-year low of $30.67 and a 1-year high of $57.75. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 36.68 and a beta of 0.98.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.88 EPS for the quarter, beating 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 earned $380.66 million during the quarter, compared to analyst estimates of $370.13 million. During the same quarter last year, the business earned $0.59 earnings per share. MKS Instruments’s quarterly revenue was up 81.8% compared to the same quarter last year. Equities analysts anticipate that MKS Instruments Inc. will post $2.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 28th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, November 23rd. This represents a $0.68 annualized dividend and a yield of 1.18%. MKS Instruments’s dividend payout ratio (DPR) is currently 43.04%.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in MKS Instruments by 131.5% in the first quarter. BlackRock Inc. now owns 3,664 shares of the company’s stock valued at $137,000 after buying an additional 2,081 shares during the period. State Street Corp increased its stake in shares of MKS Instruments by 0.7% in the first quarter. State Street Corp now owns 1,071,599 shares of the company’s stock valued at $40,347,000 after buying an additional 7,134 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MKS Instruments by 12.0% in the first quarter. Geode Capital Management LLC now owns 500,167 shares of the company’s stock valued at $18,831,000 after buying an additional 53,737 shares in the last quarter. HBK Investments L P purchased a new stake in shares of MKS Instruments during the first quarter valued at $279,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of MKS Instruments during the first quarter valued at $327,000. Institutional investors and hedge funds own 99.16% of the company’s stock.
MKSI has been the topic of a number of research reports. Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 target price on the stock in a research note on Friday, October 28th. Pacific Crest reaffirmed a “buy” rating on shares of MKS Instruments in a research note on Friday, July 29th. Citigroup Inc. initiated coverage on shares of MKS Instruments in a research note on Wednesday, October 12th. They set a “buy” rating and a $59.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of MKS Instruments from $54.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Dougherty & Co lowered shares of MKS Instruments from a “buy” rating to a “neutral” rating in a research note on Thursday, July 28th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.40.
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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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