MKS Instruments, Inc. (MKSI) Director Sells $24,945.00 in Stock
MKS Instruments, Inc. (NASDAQ:MKSI) Director Peter Hanley sold 300 shares of MKS Instruments stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $83.15, for a total value of $24,945.00. Following the sale, the director now owns 3,072 shares of the company’s stock, valued at approximately $255,436.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Peter Hanley also recently made the following trade(s):
- On Friday, July 28th, Peter Hanley sold 1,000 shares of MKS Instruments stock. The stock was sold at an average price of $83.22, for a total value of $83,220.00.
- On Thursday, June 15th, Peter Hanley sold 250 shares of MKS Instruments stock. The stock was sold at an average price of $72.95, for a total value of $18,237.50.
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) traded up 1.98% during mid-day trading on Thursday, hitting $84.90. The stock had a trading volume of 264,493 shares. MKS Instruments, Inc. has a one year low of $45.85 and a one year high of $88.40. The company has a 50-day moving average of $80.73 and a 200 day moving average of $75.13. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 17.64 and a beta of 1.08.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. The business had revenue of $481 million for the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, equities research analysts forecast that MKS Instruments, Inc. will post $5.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio is 14.58%.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in MKS Instruments by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after purchasing an additional 863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MKS Instruments by 47.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after purchasing an additional 712 shares during the period. Creative Planning boosted its stake in MKS Instruments by 22.8% during the 2nd quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after purchasing an additional 416 shares during the period. Good Life Advisors LLC bought a new stake in MKS Instruments during the 2nd quarter valued at approximately $203,000. Finally, Suntrust Banks Inc. bought a new stake in MKS Instruments during the 1st quarter valued at approximately $209,000. 95.84% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on MKSI. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and issued a $98.00 price target (up previously from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG began coverage on MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price target for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $84.00.
About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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