MKS Instruments Reaches New 1-Year High at $33.58 (MKSI)
MKS Instruments (NASDAQ:MKSI)’s share price hit a new 52-week high during mid-day trading on Thursday , Analyst Ratings Net reports. The stock traded as high as $33.58 and last traded at $33.55, with a volume of 209,303 shares trading hands. The stock had previously closed at $33.31.
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 investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $35.67.
The stock has a 50-day moving average of $32.25 and a 200-day moving average of $30.22. The company has a market cap of $1.787 billion and a P/E ratio of 23.79.
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. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, August 28th.
In other MKS Instruments news, Director Peter Hanley unloaded 3,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $32.75, for a total transaction of $98,250.00. The transaction was disclosed in a filing 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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