MKS Instruments Hits New 52-Week High at $32.95 (MKSI)
Shares of MKS Instruments (NASDAQ:MKSI) reached a new 52-week high during trading on Monday , AR Network reports. The company traded as high as $32.95 and last traded at $32.78, with a volume of 102,121 shares traded. The stock had previously closed at $32.44.
Separately, analysts at Zacks upgraded shares of MKS Instruments from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $38.00 price target on the stock. Five research analysts have rated the stock with a buy rating, MKS Instruments presently has an average rating of “Buy” and an average target price of $35.67.
The stock’s 50-day moving average is $31.51 and its 200-day moving average is $29.87. The company has a market cap of $1.737 billion and a P/E ratio of 23.17.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.14. The company had revenue of $185.00 million for the quarter, compared to the consensus estimate of $171.00 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, analysts predict that MKS Instruments will post $1.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, August 28th.
In other MKS Instruments news, Director Elizabeth Mora unloaded 2,000 shares of the stock on the open market in a transaction dated Monday, July 28th. The stock was sold at an average price of $31.97, for a total value of $63,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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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