BidaskClub upgraded shares of MKS Instruments, Inc. (NASDAQ:MKSI) from a buy rating to a strong-buy rating in a research report released on Tuesday, July 18th.
A number of other equities research analysts have also recently weighed in on MKSI. Zacks Investment Research upgraded MKS Instruments from a hold rating to a buy rating and set a $79.00 price objective for the company in a research note on Friday, April 21st. Stifel Nicolaus reissued a buy rating and issued a $81.00 target price (up previously from $71.00) on shares of MKS Instruments in a report on Friday, April 28th. Dougherty & Co reissued a buy rating and issued a $100.00 target price (up previously from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. ValuEngine raised MKS Instruments from a hold rating to a buy rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG started coverage on MKS Instruments in a report on Wednesday, July 5th. They issued a buy rating and a $84.00 target price on the stock. Seven analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of $84.00.
MKS Instruments (NASDAQ:MKSI) traded up 2.91% during mid-day trading on Tuesday, reaching $79.45. 367,495 shares of the company’s stock traded hands. MKS Instruments has a 12-month low of $45.85 and a 12-month high of $88.40. The stock has a 50 day moving average of $76.75 and a 200 day moving average of $73.28. The company has a market cap 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 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company had revenue of $481 million during the quarter, compared to analysts’ expectations of $463.86 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, equities research analysts predict that MKS Instruments will post $5.42 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.70 annualized dividend and a dividend yield of 0.88%. MKS Instruments’s dividend payout ratio is currently 14.58%.
In other news, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the transaction, the vice president now directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Hanley sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $83.22, for a total value of $83,220.00. Following the completion of the transaction, the director now owns 3,372 shares in the company, valued at $280,617.84. The disclosure for this sale can be found here. Insiders sold 7,250 shares of company stock worth $580,690 over the last 90 days. Company insiders own 1.65% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its position in MKS Instruments by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock worth $139,000 after buying an additional 863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 712 shares during the period. Creative Planning raised its stake in MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 416 shares during the period. Good Life Advisors LLC bought a new stake in MKS Instruments during the second quarter worth about $203,000. Finally, Suntrust Banks Inc. bought a new stake in MKS Instruments during the first quarter worth about $209,000. Institutional investors own 98.31% of the company’s stock.
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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