MKS Instruments Director Sells $293,745 in Stock (MKSI)
MKS Instruments (NASDAQ:MKSI) Director Robert R. Anderson sold 9,069 shares of the stock on the open market in a transaction dated Friday, August 8th. The shares were sold at an average price of $32.39, for a total transaction of $293,744.91. Following the sale, the director now directly owns 20,337 shares of the company’s stock, valued at approximately $658,715. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 analysts have rated the stock with a buy rating, MKS Instruments presently has an average rating of “Buy” and an average price target of $35.67.
MKS Instruments (NASDAQ:MKSI) traded down 0.67% on Tuesday, hitting $32.52. 317,016 shares of the company’s stock traded hands. MKS Instruments has a 1-year low of $24.71 and a 1-year high of $32.95. The stock’s 50-day moving average is $31.62 and its 200-day moving average is $29.89. The company has a market cap of $1.725 billion and a P/E ratio of 23.39.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter 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. Investors 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 2.02%. The ex-dividend date of this dividend is Thursday, August 28th.
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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