Insider Selling: Leo Berlinghieri Unloads 31,800 Shares of MKS Instruments Stock (MKSI)
MKS Instruments (NASDAQ:MKSI) CEO Leo Berlinghieri sold 31,800 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $29.02, for a total transaction of $922,836.00. Following the transaction, the chief executive officer now directly owns 114,106 shares in the company, valued at approximately $3,311,356. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MKS Instruments (NASDAQ:MKSI) traded up 0.41% on Monday, hitting $29.51. The stock had a trading volume of 45,000 shares. MKS Instruments has a 52 week low of $22.45 and a 52 week high of $29.46. The stock’s 50-day moving average is $26.84 and its 200-day moving average is $26.97. The company has a market cap of $1.569 billion and a price-to-earnings ratio of 79.43.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $157.00 million for the quarter, compared to the consensus estimate of $155.51 million. During the same quarter last year, the company posted $0.35 earnings per share. MKS Instruments’s revenue was down 11.3% compared to the same quarter last year. Analysts expect that MKS Instruments will post $0.75 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 13th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of MKS Instruments in a research note to investors on Tuesday, August 6th. They now have a $29.00 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of MKS Instruments from $35.00 to $33.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MKS Instruments has an average rating of “Buy” and an average target price of $30.33.
MKS Instruments, Inc (NASDAQ:MKSI) is a provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze parameters of manufacturing processes.
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