MKS Instruments Inc. (NASDAQ:MKSI) CEO Gerard G. Colella sold 5,000 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $47.11, for a total value of $235,550.00. Following the transaction, the chief executive officer now directly owns 37,900 shares of the company’s stock, valued at $1,785,469. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
MKS Instruments Inc. (NASDAQ:MKSI) opened at 47.72 on Tuesday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 31.21 and a beta of 1.17. The stock has a 50 day moving average price of $47.56 and a 200-day moving average price of $41.53. MKS Instruments Inc. has a 12-month low of $29.00 and a 12-month high of $54.73.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.24. MKS Instruments had a net margin of 9.21% and a return on equity of 9.33%. The firm earned $325.90 million during the quarter, compared to analysts’ expectations of $288.62 million. During the same quarter last year, the company posted $0.62 earnings per share. The firm’s revenue was up 49.5% compared to the same quarter last year. Equities analysts predict that MKS Instruments Inc. will post $2.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 29th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, August 25th. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. MKS Instruments’s dividend payout ratio (DPR) is presently 44.16%.
Several hedge funds and other institutional investors have recently modified their holdings of MKSI. Public Employees Retirement System of Ohio boosted its position in shares of MKS Instruments by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,843 shares of the company’s stock valued at $122,000 after buying an additional 219 shares during the period. BlackRock Inc. boosted its position in shares of MKS Instruments by 131.5% in the first quarter. BlackRock Inc. now owns 3,664 shares of the company’s stock valued at $137,000 after buying an additional 2,081 shares during the period. Invictus RG acquired a new position in shares of MKS Instruments during the first quarter valued at about $160,000. Bank of Montreal Can acquired a new position in shares of MKS Instruments during the second quarter valued at about $167,000. Finally, Strs Ohio boosted its position in shares of MKS Instruments by 43.8% in the second quarter. Strs Ohio now owns 4,600 shares of the company’s stock valued at $198,000 after buying an additional 1,400 shares during the period. 99.16% of the stock is owned by hedge funds and other institutional investors.
MKSI has been the subject of several research reports. Dougherty & Co lowered MKS Instruments from a “buy” rating to a “neutral” rating in a report on Thursday, July 28th. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, June 28th. Finally, Pacific Crest reissued a “buy” rating on shares of MKS Instruments in a report on Friday, July 29th.
About MKS Instruments
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
Receive News & Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.