MKS Instruments Inc. Declares Quarterly Dividend of $0.16 (MKSI)
MKS Instruments (NASDAQ:MKSI) announced a quarterly dividend on Tuesday, October 29th, Analyst Ratings News reports. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.16 per share on Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.13%.
A number of analysts have recently weighed in on MKSI shares. Analysts at Canaccord Genuity raised their price target on shares of MKS Instruments from $33.00 to $34.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. On the ratings front, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $30.50.
Shares of MKS Instruments (NASDAQ:MKSI) opened at 30.01 on Tuesday. MKS Instruments has a 52-week low of $22.45 and a 52-week high of $29.45. The stock’s 50-day moving average is $26.19 and its 200-day moving average is $26.94. The company has a market cap of $1.595 billion and a price-to-earnings ratio of 81.11.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.04. The company had revenue of $166.45 million for the quarter, compared to the consensus estimate of $164.60 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts expect that MKS Instruments will post $0.82 EPS for the current fiscal year.
In other MKS Instruments news, CEO Leo Berlinghieri sold 31,800 shares of the stock on the open market in a transaction dated Friday, October 18th. The stock was sold at an average price of $29.02, for a total transaction of $922,836.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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