MKS Instruments, Inc. (MKSI) Declares Dividend Increase – $0.18 Per Share
MKS Instruments, Inc. (NASDAQ:MKSI) announced a quarterly dividend on Tuesday, October 31st, RTT News reports. Investors of record on Monday, November 27th will be paid a dividend of 0.18 per share by the scientific and technical instruments company on Friday, December 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18.
Shares of MKS Instruments (NASDAQ MKSI) traded up 1.85% during midday trading on Tuesday, hitting $107.50. 79,286 shares of the company were exchanged. MKS Instruments has a one year low of $48.05 and a one year high of $107.75. The stock’s 50-day moving average is $95.23 and its 200-day moving average is $82.65. The stock has a market cap of $5.83 billion, a PE ratio of 22.33 and a beta of 1.13.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.46 by $0.10. The company had revenue of $486.27 million during the quarter, compared to the consensus estimate of $476.24 million. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. Equities research analysts anticipate that MKS Instruments will post $5.90 EPS for the current year.
A number of equities analysts recently issued reports on MKSI shares. BidaskClub cut MKS Instruments from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Deutsche Bank AG started coverage on MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price on the stock. KeyCorp reiterated an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a report on Saturday, September 16th. Dougherty & Co increased their target price on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of MKS Instruments in a report on Sunday, October 1st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.75.
In related news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the transaction, the vice president now directly owns 15,785 shares in the company, valued at approximately $1,251,750.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 21,615 shares in the company, valued at $1,854,567. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,100 shares of company stock worth $851,885. 1.65% of the stock is owned by company insiders.
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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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