MKS Instruments, Inc. (NASDAQ:MKSI) Plans Quarterly Dividend of $0.18
MKS Instruments, Inc. (NASDAQ:MKSI) declared a quarterly dividend on Tuesday, August 1st, Zacks reports. Stockholders of record on Monday, August 28th will be given a dividend of 0.175 per share by the scientific and technical instruments company on Friday, September 8th. This represents a $0.70 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 24th.
MKS Instruments (NASDAQ MKSI) traded up 2.91% during mid-day trading on Friday, reaching $79.45. The company had a trading volume of 367,495 shares. The stock’s 50-day moving average is $76.75 and its 200 day moving average is $73.28. MKS Instruments has a 12 month low of $45.85 and a 12 month high of $88.40. The firm has a market capitalization of $4.31 billion, a P/E ratio of 16.50 and a beta of 1.07.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. The business had revenue of $481 million for the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, analysts predict that MKS Instruments will post $5.42 earnings per share for the current fiscal year.
In other news, Director Peter Hanley sold 1,200 shares of MKS Instruments stock in a transaction on Monday, May 15th. The stock was sold at an average price of $81.51, for a total value of $97,812.00. Following the completion of the sale, the director now directly owns 4,622 shares of the company’s stock, valued at approximately $376,739.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the sale, the vice president now directly owns 15,785 shares of the company’s stock, valued at $1,251,750.50. The disclosure for this sale can be found here. Insiders sold a total of 7,250 shares of company stock valued at $580,690 over the last three months. Insiders own 1.65% of the company’s stock.
Several analysts recently weighed in on MKSI shares. Stifel Nicolaus restated a “buy” rating and set a $81.00 target price (up previously from $71.00) on shares of MKS Instruments in a research note on Friday, April 28th. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday, April 21st. Deutsche Bank AG assumed coverage on MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 target price for the company. Finally, ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $84.00.
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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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