Insider Selling: Peter Hanley Unloads 3,000 Shares of MKS Instruments Stock (MKSI)
MKS Instruments (NASDAQ:MKSI) Director Peter Hanley unloaded 3,000 shares of MKS Instruments stock 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MKS Instruments (NASDAQ:MKSI) traded up 0.37% during mid-day trading on Friday, hitting $32.88. 350,880 shares of the company’s stock traded hands. MKS Instruments has a one year low of $24.71 and a one year high of $33.29. The stock has a 50-day moving average of $31.87 and a 200-day moving average of $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 released its 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. Shareholders 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 2.01%. The ex-dividend date of this dividend 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 research analysts have rated the stock with a buy rating, The stock has an average 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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