BidaskClub Upgrades MKS Instruments (NASDAQ:MKSI) to “Hold”
A number of other research analysts also recently commented on the stock. Susquehanna Bancshares started coverage on shares of MKS Instruments in a research note on Wednesday, May 15th. They set a positive rating and a $123.00 price objective on the stock. ValuEngine upgraded shares of MKS Instruments from a hold rating to a buy rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded shares of MKS Instruments from a hold rating to a sell rating and set a $94.00 price objective on the stock. in a research note on Thursday, July 25th. Finally, Cowen reissued an outperform rating and set a $120.00 target price (up from $115.00) on shares of MKS Instruments in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $112.11.
Shares of MKSI stock opened at $75.10 on Wednesday. The company has a market capitalization of $4.28 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. The firm has a fifty day simple moving average of $79.27 and a 200-day simple moving average of $83.25. The company has a current ratio of 4.80, a quick ratio of 3.12 and a debt-to-equity ratio of 0.48. MKS Instruments has a twelve month low of $56.37 and a twelve month high of $103.86.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 26th will be issued a $0.20 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.07%. MKS Instruments’s dividend payout ratio (DPR) is presently 10.22%.
In related news, CEO Gerard G. Colella sold 5,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $75.82, for a total value of $379,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jacqueline F. Moloney sold 603 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $81.98, for a total transaction of $49,433.94. Following the completion of the sale, the director now directly owns 7,692 shares in the company, valued at approximately $630,590.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,003 shares of company stock worth $457,306. Corporate insiders own 1.24% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in shares of MKS Instruments by 0.4% in the 1st quarter. Arizona State Retirement System now owns 38,917 shares of the scientific and technical instruments company’s stock worth $3,621,000 after acquiring an additional 169 shares during the period. Municipal Employees Retirement System of Michigan grew its position in MKS Instruments by 1.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,020 shares of the scientific and technical instruments company’s stock valued at $780,000 after buying an additional 180 shares in the last quarter. Synovus Financial Corp grew its position in MKS Instruments by 2.4% in the 2nd quarter. Synovus Financial Corp now owns 9,104 shares of the scientific and technical instruments company’s stock valued at $710,000 after buying an additional 215 shares in the last quarter. Private Capital Group LLC bought a new position in MKS Instruments in the 2nd quarter valued at about $25,000. Finally, First National Bank of Hutchinson grew its position in MKS Instruments by 7.3% in the 2nd quarter. First National Bank of Hutchinson now owns 4,036 shares of the scientific and technical instruments company’s stock valued at $355,000 after buying an additional 273 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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