MKS Instruments, Inc. (MKSI) Given “Buy” Rating at Stifel Nicolaus
A number of other analysts also recently weighed in on MKSI. KeyCorp reissued an outperform rating and issued a $100.00 price target on shares of MKS Instruments in a report on Saturday, September 16th. BidaskClub upgraded shares of MKS Instruments from a buy rating to a strong-buy rating in a research report on Thursday, August 17th. Finally, Deutsche Bank AG initiated coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They set a buy rating and a $84.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $86.67.
Shares of MKS Instruments (NASDAQ MKSI) opened at 94.45 on Friday. MKS Instruments has a 52 week low of $46.51 and a 52 week high of $95.50. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 19.62 and a beta of 1.13. The stock has a 50 day moving average of $82.00 and a 200-day moving average of $76.43.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The business had revenue of $481.00 million for the quarter, compared to the consensus estimate of $463.86 million. During the same quarter last year, the company posted $0.72 earnings per share. MKS Instruments’s quarterly revenue was up 47.6% on a year-over-year basis. Equities research analysts expect that MKS Instruments will post $5.42 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 24th. MKS Instruments’s dividend payout ratio is presently 14.58%.
In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total value of $643,500.00. Following the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total transaction of $158,600.00. Following the completion of the sale, the vice president now directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders sold 11,100 shares of company stock valued at $935,105 over the last 90 days. 1.65% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its position in shares of MKS Instruments by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after acquiring an additional 863 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after acquiring an additional 712 shares during the period. Creative Planning increased its stake in MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after acquiring an additional 416 shares during the period. Good Life Advisors LLC bought a new stake in MKS Instruments in the second quarter valued at about $203,000. Finally, Suntrust Banks Inc. bought a new stake in MKS Instruments in the first quarter valued at about $209,000. 95.38% of the stock is owned by institutional investors.
MKS Instruments Company Profile
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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