MKS Instruments, Inc. (MKSI) Short Interest Update
MKS Instruments, Inc. (NASDAQ:MKSI) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,256,859 shares, a decrease of 33.0% from the January 12th total of 1,877,091 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 536,501 shares, the short-interest ratio is presently 2.3 days.
A number of equities research analysts recently weighed in on MKSI shares. Dougherty & Co upped their price target on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Deutsche Bank increased their target price on MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Stifel Nicolaus reiterated a “buy” rating and set a $108.00 target price (up previously from $98.00) on shares of MKS Instruments in a report on Tuesday, October 24th. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, KeyCorp reiterated a “buy” rating on shares of MKS Instruments in a report on Friday, February 2nd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. MKS Instruments has an average rating of “Buy” and an average price target of $116.60.
Shares of MKS Instruments (NASDAQ MKSI) traded up $5.75 during trading hours on Wednesday, reaching $107.55. The company’s stock had a trading volume of 450,276 shares, compared to its average volume of 605,696. The firm has a market cap of $5,600.48, a PE ratio of 16.93, a PEG ratio of 1.02 and a beta of 1.04. The company has a current ratio of 4.21, a quick ratio of 3.06 and a debt-to-equity ratio of 0.25. MKS Instruments has a 52-week low of $64.45 and a 52-week high of $110.60.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, February 23rd. MKS Instruments’s dividend payout ratio (DPR) is presently 11.69%.
In related news, CFO Seth H. Bagshaw sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $102.07, for a total value of $1,020,700.00. Following the sale, the chief financial officer now owns 11,766 shares in the company, valued at approximately $1,200,955.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $95.26, for a total value of $476,300.00. Following the completion of the sale, the chief executive officer now owns 5,025 shares in the company, valued at approximately $478,681.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,139 shares of company stock worth $3,069,492. Insiders own 1.65% of the company’s stock.
Large investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. boosted its holdings in shares of MKS Instruments by 3.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 36,868 shares of the scientific and technical instruments company’s stock worth $3,484,000 after purchasing an additional 1,196 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of MKS Instruments by 83.1% during the fourth quarter. Teachers Advisors LLC now owns 329,219 shares of the scientific and technical instruments company’s stock worth $31,111,000 after purchasing an additional 149,460 shares during the last quarter. Paloma Partners Management Co boosted its holdings in shares of MKS Instruments by 144.4% during the fourth quarter. Paloma Partners Management Co now owns 10,412 shares of the scientific and technical instruments company’s stock worth $985,000 after purchasing an additional 6,151 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of MKS Instruments by 76.7% during the fourth quarter. Raymond James & Associates now owns 38,066 shares of the scientific and technical instruments company’s stock worth $3,597,000 after purchasing an additional 16,524 shares during the last quarter. Finally, HBK Investments L P acquired a new stake in shares of MKS Instruments during the fourth quarter worth $343,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.
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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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