MKS Instruments, Inc. (NASDAQ:MKSI) posted its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41, Bloomberg Earnings reports. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The business had revenue of $481 million during the quarter, compared to the consensus estimate of $463.86 million. During the same quarter last year, the firm posted $0.72 EPS. MKS Instruments’s revenue was up 47.6% compared to the same quarter last year. MKS Instruments updated its Q3 guidance to $1.32-1.56 EPS.
Shares of MKS Instruments (MKSI) traded up 0.52% during midday trading on Friday, reaching $77.25. The company had a trading volume of 538,288 shares. The company has a 50 day moving average of $75.71 and a 200 day moving average of $72.55. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 16.05 and a beta of 1.07. MKS Instruments has a 12-month low of $44.92 and a 12-month high of $88.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio is currently 14.58%.
In related news, Director Richard S. Chute sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $80.00, for a total value of $240,000.00. Following the completion of the transaction, the director now directly owns 11,604 shares in the company, valued at $928,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $80.00, for a total value of $160,000.00. Following the completion of the transaction, the vice president now owns 15,563 shares of the company’s stock, valued at $1,245,040. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,250 shares of company stock valued at $822,090. Insiders own 1.65% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MKSI. BlackRock Inc. raised its position in MKS Instruments by 50,850.9% in the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after buying an additional 6,571,973 shares in the last quarter. Vanguard Group Inc. raised its position in MKS Instruments by 5.0% in the first quarter. Vanguard Group Inc. now owns 4,709,382 shares of the scientific and technical instruments company’s stock valued at $323,770,000 after buying an additional 223,363 shares in the last quarter. State Street Corp raised its position in MKS Instruments by 3.1% in the first quarter. State Street Corp now owns 1,287,019 shares of the scientific and technical instruments company’s stock valued at $88,488,000 after buying an additional 38,586 shares in the last quarter. Bank of New York Mellon Corp raised its position in MKS Instruments by 32.6% in the first quarter. Bank of New York Mellon Corp now owns 946,072 shares of the scientific and technical instruments company’s stock valued at $65,042,000 after buying an additional 232,778 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in MKS Instruments by 7.6% in the first quarter. OppenheimerFunds Inc. now owns 925,777 shares of the scientific and technical instruments company’s stock valued at $63,648,000 after buying an additional 65,689 shares in the last quarter. Institutional investors and hedge funds own 98.36% of the company’s stock.
Several analysts recently issued reports on the stock. BidaskClub downgraded shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus reaffirmed a “buy” rating and set a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Zacks Investment Research raised shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Friday, April 21st. Dougherty & Co reaffirmed a “buy” rating and set a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. Finally, ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Seven investment analysts have rated the stock with a buy rating, MKS Instruments has an average rating of “Buy” and an average target price of $84.00.
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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