MKS Instruments, Inc. (MKSI) Rating Reiterated by Stifel Nicolaus
MKSI has been the topic of several other reports. BidaskClub downgraded MKS Instruments from a strong-buy rating to a buy rating in a research report on Saturday, June 17th. Deutsche Bank AG assumed coverage on MKS Instruments in a research report on Wednesday, July 5th. They issued a buy rating and a $84.00 target price on the stock. Finally, KeyCorp reissued an outperform rating and issued a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $88.20.
Shares of MKS Instruments (MKSI) opened at 96.00 on Friday. The company has a 50 day moving average price of $85.96 and a 200 day moving average price of $78.35. MKS Instruments has a one year low of $46.51 and a one year high of $96.65. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 19.94 and a beta of 1.13.
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 consensus estimate of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The firm had revenue of $481.00 million during the quarter, compared to analyst estimates of $463.86 million. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. Equities analysts predict that MKS Instruments will post $5.42 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s payout ratio is 14.58%.
In related news, VP Brian Charles Quirk sold 2,000 shares of the company’s 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 of the company’s stock, valued at approximately $1,251,750.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were 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 directly owns 21,615 shares in the company, valued at $1,854,567. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,100 shares of company stock worth $935,105. 1.65% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MKSI. Riverhead Capital Management LLC grew its position 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 worth $139,000 after purchasing an additional 863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 worth $151,000 after purchasing an additional 712 shares during the period. Creative Planning grew its position 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 worth $151,000 after purchasing an additional 416 shares during the period. Good Life Advisors LLC acquired a new stake in MKS Instruments during the 2nd quarter worth about $203,000. Finally, Suntrust Banks Inc. acquired a new stake in MKS Instruments during the 1st quarter worth about $209,000. 95.38% of the stock is currently owned by institutional investors.
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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