Insider Selling: MKS Instruments Director Sells 3,000 Shares of Stock (MKSI)
MKS Instruments (NASDAQ:MKSI) Director Peter Hanley sold 3,000 shares of the 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MKS Instruments (NASDAQ:MKSI) traded up 0.37% on Friday, hitting $32.88. The stock had a trading volume of 350,880 shares. MKS Instruments has a 52 week low of $24.71 and a 52 week high of $33.29. The stock’s 50-day moving average is $31.87 and its 200-day moving average is $29.98. The company has a market cap of $1.744 billion and a P/E ratio of 23.40.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data 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. Analysts expect that MKS Instruments will post $1.70 EPS 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, The stock presently 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.