MKS Instruments Inc. (NASDAQ:MKSI) VP Brian Charles Quirk sold 1,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $49.36, for a total value of $49,360.00. Following the transaction, the vice president now owns 11,210 shares in the company, valued at $553,325.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
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 stock was sold at an average price of $45.17, for a total value of $45,170.00.
MKS Instruments Inc. (NASDAQ:MKSI) opened at 48.55 on Wednesday. The company has a market capitalization of $2.60 billion, a PE ratio of 31.75 and a beta of 1.18. MKS Instruments Inc. has a one year low of $29.00 and a one year high of $54.73. The company has a 50 day moving average price of $48.40 and a 200-day moving average price of $42.69.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.24. The company had revenue of $325.90 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 49.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. Analysts expect that MKS Instruments Inc. will post $2.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 29th were paid a $0.17 dividend. The ex-dividend date was Thursday, August 25th. This represents a $0.68 annualized dividend and a yield of 1.40%. MKS Instruments’s payout ratio is 44.16%.
A number of large investors have recently modified their holdings of MKSI. Mesirow Financial Investment Management Equity Management boosted its stake in shares of MKS Instruments by 1,064.2% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 506,010 shares of the company’s stock valued at $21,788,000 after buying an additional 462,547 shares during the last quarter. Wellington Management Group LLP increased its stake in MKS Instruments by 23.7% in the first quarter. Wellington Management Group LLP now owns 1,976,633 shares of the company’s stock valued at $74,420,000 after buying an additional 378,100 shares during the period. Neuberger Berman Group LLC increased its stake in MKS Instruments by 39.3% in the second quarter. Neuberger Berman Group LLC now owns 1,296,952 shares of the company’s stock valued at $55,847,000 after buying an additional 365,802 shares during the period. Silvercrest Asset Management Group LLC increased its stake in MKS Instruments by 23.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,786,097 shares of the company’s stock valued at $76,910,000 after buying an additional 339,591 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in MKS Instruments during the second quarter valued at approximately $10,173,000. 99.16% of the stock is currently owned by institutional investors.
MKSI has been the topic of a number of recent research reports. Pacific Crest reiterated a “buy” rating on shares of MKS Instruments in a report on Friday, July 29th. Dougherty & Co reiterated a “buy” rating and issued a $46.00 target price (up from $45.00) on shares of MKS Instruments in a report on Monday, June 13th. Finally, Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, June 28th.
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.
Receive News & Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.