MKS Instruments, Inc. (NASDAQ:MKSI) Short Interest Down 21.5% in April


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MKS Instruments, Inc. (NASDAQ:MKSI) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 573,000 shares, a drop of 21.5% from the March 31st total of 730,000 shares. Based on an average trading volume of 489,200 shares, the short-interest ratio is currently 1.2 days.

MKSI stock traded down $1.49 during midday trading on Tuesday, reaching $176.49. 334,799 shares of the company’s stock traded hands, compared to its average volume of 461,296. The company has a 50-day moving average price of $183.54 and a two-hundred day moving average price of $157.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.23 and a current ratio of 4.58. MKS Instruments has a 52 week low of $90.62 and a 52 week high of $199.44. The firm has a market capitalization of $9.75 billion, a PE ratio of 35.53 and a beta of 1.60.

MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Sunday, April 25th. The scientific and technical instruments company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.36. MKS Instruments had a net margin of 12.78% and a return on equity of 16.49%. The business had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $652.80 million. During the same quarter in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, analysts predict that MKS Instruments will post 7.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 5th. Shareholders of record on Monday, February 22nd were issued a dividend of $0.20 per share. The ex-dividend date was Friday, February 19th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. MKS Instruments’s payout ratio is 17.70%.

A number of analysts recently commented on MKSI shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $250.00 target price (up from $225.00) on shares of MKS Instruments in a research report on Tuesday, April 27th. KeyCorp boosted their target price on MKS Instruments from $175.00 to $207.00 and gave the stock an “overweight” rating in a research note on Friday, January 29th. Deutsche Bank Aktiengesellschaft boosted their target price on MKS Instruments from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, January 26th. Citigroup cut their target price on MKS Instruments from $200.00 to $180.00 in a research note on Friday, January 29th. Finally, Needham & Company LLC upped their price objective on MKS Instruments from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $198.18.

In related news, SVP Eric Robert Taranto sold 1,788 shares of the firm’s stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $185.29, for a total transaction of $331,298.52. Following the sale, the senior vice president now owns 3,506 shares of the company’s stock, valued at approximately $649,626.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Seth H. Bagshaw sold 9,000 shares of the firm’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $186.86, for a total value of $1,681,740.00. Following the sale, the chief financial officer now directly owns 27,010 shares in the company, valued at approximately $5,047,088.60. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Ayrshire Capital Management LLC increased its holdings in shares of MKS Instruments by 0.9% in the fourth quarter. Ayrshire Capital Management LLC now owns 6,519 shares of the scientific and technical instruments company’s stock worth $981,000 after purchasing an additional 61 shares during the period. Nisa Investment Advisors LLC increased its stake in MKS Instruments by 0.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,220 shares of the scientific and technical instruments company’s stock valued at $2,892,000 after acquiring an additional 120 shares during the last quarter. Vantage Consulting Group Inc bought a new position in MKS Instruments in the fourth quarter valued at $30,000. Mitchell Capital Management Co. increased its stake in MKS Instruments by 1.2% in the fourth quarter. Mitchell Capital Management Co. now owns 17,388 shares of the scientific and technical instruments company’s stock valued at $2,616,000 after acquiring an additional 209 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in MKS Instruments during the first quarter valued at about $40,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

About MKS Instruments

MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power delivery products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products.

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