MKS Instruments Inc. (NASDAQ:MKSI) VP Brian Charles Quirk sold 1,000 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $49.36, for a total transaction of $49,360.00. Following the completion of the sale, the vice president now owns 11,210 shares of the company’s stock, valued at approximately $553,325.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Brian Charles Quirk also recently made the following trade(s):
- On Wednesday, August 3rd, Brian Charles Quirk sold 1,000 shares of MKS Instruments stock. The shares were sold at an average price of $45.17, for a total transaction of $45,170.00.
MKS Instruments Inc. (NASDAQ:MKSI) opened at 49.43 on Thursday. The firm’s 50-day moving average is $48.47 and its 200-day moving average is $42.74. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 32.33 and a beta of 1.18. MKS Instruments Inc. has a 12 month low of $29.00 and a 12 month high of $54.73.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Zacks’ 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 had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $288.62 million. During the same quarter in the previous year, the business posted $0.62 EPS. The company’s quarterly revenue was up 49.5% on a year-over-year basis. On average, analysts anticipate 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. Stockholders of record on Monday, August 29th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, August 25th. MKS Instruments’s dividend payout ratio (DPR) is presently 44.16%.
Hedge funds have recently made changes to their positions in the stock. Menta Capital LLC acquired a new stake in shares of MKS Instruments during the first quarter worth approximately $516,000. TimesSquare Capital Management LLC boosted its stake in shares of MKS Instruments by 3.1% in the first quarter. TimesSquare Capital Management LLC now owns 2,146,280 shares of the company’s stock worth $80,807,000 after buying an additional 65,130 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of MKS Instruments by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,329,966 shares of the company’s stock worth $50,073,000 after buying an additional 11,870 shares during the period. BlackRock Group LTD boosted its stake in shares of MKS Instruments by 14.3% in the first quarter. BlackRock Group LTD now owns 71,139 shares of the company’s stock worth $2,677,000 after buying an additional 8,883 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of MKS Instruments by 131.5% in the first quarter. BlackRock Inc. now owns 3,664 shares of the company’s stock worth $137,000 after buying an additional 2,081 shares during the period. Hedge funds and other institutional investors own 99.16% of the company’s stock.
Several equities analysts recently weighed in on MKSI shares. Dougherty & Co increased their price target on shares of MKS Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 23rd. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, June 28th. Finally, Pacific Crest restated a “buy” rating on shares of MKS Instruments in a research report on Friday, July 29th.
MKS Instruments Company Profile
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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