ValuEngine downgraded shares of MKS Instruments (NASDAQ:MKSI) from a buy rating to a hold rating in a research report released on Friday morning.
Several other equities research analysts have also recently issued reports on the company. Dougherty & Co raised their price objective on MKS Instruments from $106.00 to $115.00 and gave the stock a buy rating in a report on Thursday, October 26th. Deutsche Bank raised their price objective on MKS Instruments from $104.00 to $116.00 and gave the stock a buy rating in a report on Thursday, October 26th. Stifel Nicolaus restated a buy rating and set a $108.00 price objective (up previously from $98.00) on shares of MKS Instruments in a report on Tuesday, October 24th. KeyCorp restated an outperform rating and set a $100.00 price objective on shares of MKS Instruments in a report on Saturday, September 16th. Finally, BidaskClub upgraded MKS Instruments from a buy rating to a strong-buy rating in a report on Thursday, August 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $109.75.
Shares of MKS Instruments (MKSI) opened at $89.50 on Friday. MKS Instruments has a fifty-two week low of $55.80 and a fifty-two week high of $110.60. The company has a current ratio of 4.23, a quick ratio of 3.10 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $4,860.00, a price-to-earnings ratio of 17.67, a PEG ratio of 1.01 and a beta of 1.04.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 24th. This represents a $0.72 dividend on an annualized basis and a yield of 0.80%. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. MKS Instruments’s dividend payout ratio (DPR) is presently 12.88%.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $107.90, for a total value of $215,800.00. Following the transaction, the vice president now directly owns 13,785 shares of the company’s stock, valued at $1,487,401.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the transaction, the chief financial officer now directly owns 21,615 shares in the company, valued at $1,854,567. The disclosure for this sale can be found here. Insiders sold 12,213 shares of company stock worth $1,132,269 in the last quarter. 1.65% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in MKSI. FMR LLC raised its position in MKS Instruments by 0.9% in the first quarter. FMR LLC now owns 22,093 shares of the scientific and technical instruments company’s stock valued at $1,519,000 after purchasing an additional 200 shares during the period. Creative Planning raised its position in MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after purchasing an additional 416 shares during the period. Aperio Group LLC raised its position in MKS Instruments by 17.9% in the second quarter. Aperio Group LLC now owns 16,641 shares of the scientific and technical instruments company’s stock valued at $1,120,000 after purchasing an additional 2,528 shares during the period. Strs Ohio raised its position in MKS Instruments by 8.0% in the second quarter. Strs Ohio now owns 8,100 shares of the scientific and technical instruments company’s stock valued at $545,000 after purchasing an additional 600 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in MKS Instruments by 14.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 13,990 shares of the scientific and technical instruments company’s stock valued at $942,000 after purchasing an additional 1,780 shares during the period. 95.54% of the stock is currently owned by institutional investors.
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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