According to Zacks, “MKS Instruments is presently boosting its revenues and margins on the back of favorable business conditions in the semiconductor and other advanced markets. The strategic acquisition of Newport Corporation is also expected to bolster near-term revenues and margins. Also, the new operating model is expected to enhance near term profitability. However, stiff competition, appreciation of U.S. currency or supply chain issues might limit near term growth. Over the last 60 days, Zacks Consensus Estimate for the company has not changed been for both 2016 and 2017.”
Several other analysts also recently commented on MKSI. Dougherty & Co reaffirmed a buy rating and set a $46.00 price objective (up from $45.00) on shares of MKS Instruments in a research note on Monday, June 13th. Pacific Crest reaffirmed a buy rating on shares of MKS Instruments in a research note on Monday, July 11th.
Shares of MKS Instruments (NASDAQ:MKSI) traded up 0.7398% during mid-day trading on Tuesday, hitting $49.8662. The stock had a trading volume of 26,151 shares. MKS Instruments has a 52-week low of $29.00 and a 52-week high of $54.73. The stock has a 50 day moving average price of $48.05 and a 200-day moving average price of $42.18. The company has a market cap of $2.67 billion, a PE ratio of 32.6136 and a beta of 1.17.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.24. The firm earned $325.90 million during the quarter, compared to the consensus estimate of $288.62 million. MKS Instruments had a return on equity of 9.33% and a net margin of 9.21%. The firm’s revenue was up 49.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 EPS. On average, equities analysts expect that MKS Instruments will post $2.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 25th. MKS Instruments’s dividend payout ratio (DPR) is 44.16%.
In other news, VP Seth H. Bagshaw sold 15,000 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $47.43, for a total transaction of $711,450.00. Following the completion of the transaction, the vice president now directly owns 29,302 shares of the company’s stock, valued at approximately $1,389,793.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Brian Charles Quirk sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $45.17, for a total value of $45,170.00. Following the transaction, the vice president now directly owns 12,210 shares of the company’s stock, valued at $551,525.70. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased 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 worth $122,000 after buying an additional 219 shares during the period. BlackRock Inc. increased its position in 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 last quarter. Invictus RG purchased a new position in MKS Instruments during the first quarter valued at $160,000. Bank of Montreal Can purchased a new position in MKS Instruments during the second quarter valued at $167,000. Finally, Strs Ohio increased its position in 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 last quarter. 99.16% of the stock is owned by institutional investors and hedge funds.
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.
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