MKS Instruments, Inc. (MKSI) CFO Sells $643,500.00 in Stock
MKS Instruments, Inc. (NASDAQ:MKSI) CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the sale, the chief financial officer now owns 21,615 shares in the company, valued at $1,854,567. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
MKS Instruments, Inc. (NASDAQ MKSI) traded up 0.64% on Thursday, hitting $86.55. The stock had a trading volume of 408,957 shares. MKS Instruments, Inc. has a 1-year low of $46.51 and a 1-year high of $88.40. The stock’s 50-day moving average is $81.25 and its 200 day moving average is $75.63. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 17.98 and a beta of 1.08.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The firm had revenue of $481.00 million for the quarter, compared to analysts’ expectations of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 47.6% on a year-over-year basis. On average, equities research analysts predict that MKS Instruments, Inc. will post $5.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were paid a $0.175 dividend. The ex-dividend date was Thursday, August 24th. This represents a $0.70 annualized dividend and a yield of 0.81%. MKS Instruments’s dividend payout ratio (DPR) is currently 14.58%.
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Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in MKS Instruments by 9.9% in the first quarter. PNC Financial Services Group Inc. now owns 82,157 shares of the scientific and technical instruments company’s stock worth $5,648,000 after purchasing an additional 7,427 shares in the last quarter. Ameriprise Financial Inc. grew its stake in MKS Instruments by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 342,812 shares of the scientific and technical instruments company’s stock worth $23,568,000 after purchasing an additional 15,563 shares in the last quarter. BlackRock Inc. grew its stake in MKS Instruments by 50,850.9% in the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock worth $452,712,000 after purchasing an additional 6,571,973 shares in the last quarter. KCG Holdings Inc. grew its stake in MKS Instruments by 97.0% in the first quarter. KCG Holdings Inc. now owns 9,866 shares of the scientific and technical instruments company’s stock worth $678,000 after purchasing an additional 4,859 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in MKS Instruments by 4.6% in the first quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock worth $38,938,000 after purchasing an additional 24,851 shares in the last quarter. 95.84% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in 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 reiterated a “buy” rating and issued a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Deutsche Bank AG began coverage on MKS Instruments in a research report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price objective on the stock. Finally, ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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