MKS Instruments, Inc. (NASDAQ:MKSI) announced a quarterly dividend on Tuesday, August 1st, Zacks reports. Shareholders of record on Monday, August 28th will be given a dividend of 0.175 per share by the scientific and technical instruments company on Friday, September 8th. This represents a $0.70 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 24th.
MKS Instruments (MKSI) traded up 2.91% during midday trading on Friday, reaching $79.45. The company’s stock had a trading volume of 367,495 shares. The company’s 50-day moving average price is $76.75 and its 200-day moving average price is $73.28. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. MKS Instruments has a 1-year low of $45.85 and a 1-year high of $88.40.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $481 million during the quarter, compared to the consensus estimate of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. On average, analysts predict that MKS Instruments will post $5.42 earnings per share for the current fiscal year.
In other news, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the completion of the sale, the vice president now directly owns 15,785 shares of the company’s stock, valued at approximately $1,251,750.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction on Friday, July 28th. The stock was sold at an average price of $83.22, for a total value of $83,220.00. Following the sale, the director now directly owns 3,372 shares of the company’s stock, valued at $280,617.84. The disclosure for this sale can be found here. Insiders sold a total of 7,250 shares of company stock valued at $580,690 in the last quarter. Corporate insiders own 1.65% of the company’s stock.
MKSI has been the topic of several research reports. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Friday, April 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $81.00 target price (up from $71.00) on shares of MKS Instruments in a research report on Friday, April 28th. Dougherty & Co reaffirmed a “buy” rating and issued a $100.00 target price (up from $86.00) on shares of MKS Instruments in a research report on Friday, April 28th. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Seven research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $84.00.
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MKS Instruments Company Profile
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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