MKS Instruments CFO Sells $86,996 in Stock (MKSI)
MKS Instruments (NASDAQ:MKSI) CFO Seth H. Bagshaw sold 2,600 shares of MKS Instruments stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $33.46, for a total transaction of $86,996.00. Following the transaction, the chief financial officer now directly owns 28,801 shares in the company, valued at approximately $963,681. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of MKS Instruments (NASDAQ:MKSI) traded up 1.27% during mid-day trading on Tuesday, hitting $34.37. The stock had a trading volume of 30,855 shares. MKS Instruments has a 52 week low of $24.71 and a 52 week high of $34.03. The stock has a 50-day moving average of $32.33 and a 200-day moving average of $30.2. The company has a market cap of $1.823 billion and a price-to-earnings ratio of 24.24.
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. 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 1.94%. 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 equities research analysts have rated the stock with a buy rating, MKS Instruments currently has a consensus rating of “Buy” and a consensus price target 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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