MKS Instruments Inc. (NASDAQ:MKSI) Director Robert R. Anderson sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $56.76, for a total value of $141,900.00. Following the completion of the transaction, the director now directly owns 20,128 shares in the company, valued at $1,142,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of MKS Instruments Inc. (NASDAQ:MKSI) opened at 57.85 on Monday. MKS Instruments Inc. has a 52 week low of $30.67 and a 52 week high of $58.10. The company has a market cap of $3.10 billion, a P/E ratio of 36.87 and a beta of 0.98. The company’s 50-day moving average price is $51.19 and its 200 day moving average price is $46.32.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, October 26th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. MKS Instruments had a return on equity of 10.58% and a net margin of 7.98%. The company had revenue of $380.66 million for the quarter, compared to analyst estimates of $370.13 million. During the same period in the prior year, the company posted $0.59 EPS. The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. Equities research analysts anticipate that MKS Instruments Inc. will post $2.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Monday, November 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, November 23rd. MKS Instruments’s dividend payout ratio is currently 43.04%.
Several research analysts have recently commented on the company. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a research note on Friday, October 28th. Stifel Nicolaus raised their price objective on MKS Instruments from $54.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, November 23rd. Finally, Citigroup Inc. assumed coverage on MKS Instruments in a research note on Wednesday, October 12th. They issued a “buy” rating and a $59.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.40.
A number of hedge funds and other institutional investors have recently made changes to their positions in MKSI. Public Employees Retirement System of Ohio raised its position in shares of MKS Instruments by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,843 shares of the company’s stock valued at $122,000 after buying an additional 219 shares in the last quarter. Advisor Group Inc. increased its stake in MKS Instruments by 213.5% in the third quarter. Advisor Group Inc. now owns 2,737 shares of the company’s stock valued at $136,000 after buying an additional 1,864 shares during the last quarter. BlackRock Inc. increased its stake in MKS Instruments by 131.5% in the first quarter. BlackRock Inc. now owns 3,664 shares of the company’s stock valued at $137,000 after buying an additional 2,081 shares during the last quarter. Simplex Trading LLC increased its stake in MKS Instruments by 464.9% in the third quarter. Simplex Trading LLC now owns 2,830 shares of the company’s stock valued at $140,000 after buying an additional 2,329 shares during the last quarter. Finally, Robecosam AG purchased a new stake in MKS Instruments during the third quarter valued at $141,000. 99.16% of the stock is currently owned by institutional investors.
MKS Instruments Company Profile