MKS Instruments, Inc. (NASDAQ:MKSI) Director Sells $27,225.00 in Stock

MKS Instruments, Inc. (NASDAQ:MKSI) Director Jacqueline F. Moloney sold 250 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total transaction of $27,225.00. Following the transaction, the director now owns 10,283 shares in the company, valued at approximately $1,119,818.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

MKS Instruments Stock Up 1.4 %

MKSI stock traded up $1.43 during trading on Wednesday, reaching $105.95. The stock had a trading volume of 346,678 shares, compared to its average volume of 821,903. The company has a quick ratio of 2.31, a current ratio of 3.58 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of -3.92, a P/E/G ratio of 0.77 and a beta of 1.64. MKS Instruments, Inc. has a one year low of $63.44 and a one year high of $147.40. The company’s 50 day moving average is $113.20 and its two-hundred day moving average is $122.89.

MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.51. The firm had revenue of $887.00 million during the quarter, compared to analyst estimates of $866.38 million. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The business’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the firm posted $1.32 EPS. Equities research analysts forecast that MKS Instruments, Inc. will post 5.6 EPS for the current year.

MKS Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Monday, August 26th. MKS Instruments’s dividend payout ratio is currently -3.30%.

Institutional Investors Weigh In On MKS Instruments

Large investors have recently modified their holdings of the stock. Corient Private Wealth LLC increased its holdings in MKS Instruments by 24.3% in the 4th quarter. Corient Private Wealth LLC now owns 8,471 shares of the scientific and technical instruments company’s stock worth $871,000 after acquiring an additional 1,654 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of MKS Instruments in the fourth quarter valued at approximately $5,207,000. Treasurer of the State of North Carolina raised its position in shares of MKS Instruments by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 29,434 shares of the scientific and technical instruments company’s stock valued at $3,028,000 after purchasing an additional 290 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of MKS Instruments by 16.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 219,870 shares of the scientific and technical instruments company’s stock valued at $22,618,000 after buying an additional 30,547 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in MKS Instruments in the 4th quarter valued at approximately $228,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MKSI shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of MKS Instruments from $140.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Morgan Stanley began coverage on shares of MKS Instruments in a research report on Monday, August 5th. They issued an “overweight” rating and a $155.00 price target for the company. The Goldman Sachs Group began coverage on shares of MKS Instruments in a report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price objective on the stock. Citigroup cut shares of MKS Instruments from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $145.00 to $120.00 in a report on Monday, September 16th. Finally, KeyCorp boosted their target price on shares of MKS Instruments from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.00.

MKS Instruments Company Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.