MKS Instruments Director Sells $98,250 in Stock (MKSI)
MKS Instruments (NASDAQ:MKSI) Director Peter Hanley sold 3,000 shares of MKS Instruments stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $32.75, for a total value of $98,250.00. Following the transaction, the director now directly owns 5,824 shares of the company’s stock, valued at approximately $190,736. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
MKS Instruments (NASDAQ:MKSI) traded down 0.58% on Friday, hitting $32.57. The stock had a trading volume of 244,254 shares. MKS Instruments has a 1-year low of $24.71 and a 1-year high of $32.95. The stock has a 50-day moving average of $31.80 and a 200-day moving average of $29.95. The company has a market cap of $1.728 billion and a P/E ratio of 23.40.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, July 23rd. The company reported $0.42 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.14 earnings per share. MKS Instruments’s revenue was up 17.8% compared to the same quarter last year. On average, analysts predict that MKS Instruments will post $1.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, August 28th.
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 currently has a consensus rating of “Buy” and a consensus target price of $35.67.
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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