Elizabeth Mora Sells 300 Shares of MKS Instruments, Inc. (MKSI) Stock
MKS Instruments, Inc. (NASDAQ:MKSI) Director Elizabeth Mora sold 300 shares of MKS Instruments stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $82.80, for a total value of $24,840.00. Following the transaction, the director now owns 16,154 shares of the company’s stock, valued at approximately $1,337,551.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
MKS Instruments, Inc. (MKSI) opened at 83.25 on Thursday. MKS Instruments, Inc. has a 52-week low of $45.85 and a 52-week high of $88.40. The company has a market cap of $4.52 billion, a PE ratio of 17.29 and a beta of 1.08. The firm’s 50 day moving average is $80.73 and its 200 day moving average is $75.13.
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 for the quarter, meeting analysts’ consensus estimates of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The company had revenue of $481 million during the quarter, compared to analyst estimates of $463.86 million. During the same quarter last year, the business posted $0.72 EPS. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. Analysts forecast that MKS Instruments, Inc. will post $5.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.70 dividend on an annualized basis and a yield of 0.84%. MKS Instruments’s payout ratio is 14.58%.
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A number of institutional investors and hedge funds have recently made changes to their positions in MKSI. BlackRock Inc. raised its holdings in shares of MKS Instruments by 50,850.9% in the 1st quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after purchasing an additional 6,571,973 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of MKS Instruments in the 2nd quarter valued at about $31,823,000. Koch Industries Inc. bought a new stake in shares of MKS Instruments in the 2nd quarter valued at about $358,000. Pictet Asset Management Ltd. raised its holdings in shares of MKS Instruments by 653.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 330,940 shares of the scientific and technical instruments company’s stock valued at $22,752,000 after purchasing an additional 287,036 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of MKS Instruments in the 2nd quarter valued at about $17,771,000. Institutional investors own 95.84% of the company’s stock.
A number of equities analysts have issued reports on MKSI shares. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Deutsche Bank AG started coverage on MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 price target for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price target (up previously from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. MKS Instruments has a consensus rating of “Buy” and a consensus price target of $84.00.
About MKS Instruments
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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