Gerard G. Colella Sells 10,000 Shares of MKS Instruments, Inc. (NASDAQ:MKSI) Stock

MKS Instruments, Inc. (NASDAQ:MKSIGet Free Report) Director Gerard G. Colella sold 10,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the transaction, the director now owns 78,017 shares in the company, valued at $8,581,870. The sale was disclosed in a filing with the SEC, which is available through this link.

MKS Instruments Stock Performance

Shares of MKS Instruments stock opened at $112.71 on Thursday. The firm has a market capitalization of $7.54 billion, a P/E ratio of -4.38, a PEG ratio of 3.39 and a beta of 1.70. The company has a quick ratio of 2.11, a current ratio of 3.31 and a debt-to-equity ratio of 1.93. The company has a 50 day moving average price of $93.69 and a 200 day moving average price of $90.74. MKS Instruments, Inc. has a 52 week low of $63.44 and a 52 week high of $115.29.

MKS Instruments (NASDAQ:MKSIGet Free Report) last announced its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.00 by $0.46. MKS Instruments had a negative net margin of 45.04% and a positive return on equity of 10.10%. The firm had revenue of $932.00 million during the quarter, compared to analyst estimates of $931.50 million. During the same period last year, the firm posted $2.74 EPS. MKS Instruments’s revenue was down 2.3% on a year-over-year basis. Sell-side analysts expect that MKS Instruments, Inc. will post 4.14 EPS for the current year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, November 24th. MKS Instruments’s dividend payout ratio is presently -3.42%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of MKS Instruments in a research report on Thursday, October 5th. They set a “hold” rating for the company. Needham & Company LLC increased their price target on shares of MKS Instruments from $96.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, TheStreet raised shares of MKS Instruments from a “d+” rating to a “c-” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $110.60.

Check Out Our Latest Research Report on MKSI

Hedge Funds Weigh In On MKS Instruments

A number of institutional investors have recently bought and sold shares of the business. Covestor Ltd raised its position in MKS Instruments by 19.1% during the 1st quarter. Covestor Ltd now owns 692 shares of the scientific and technical instruments company’s stock worth $104,000 after buying an additional 111 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of MKS Instruments by 73.5% during the 1st quarter. Belpointe Asset Management LLC now owns 295 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Eqis Capital Management Inc. grew its stake in shares of MKS Instruments by 4.7% during the 1st quarter. Eqis Capital Management Inc. now owns 2,811 shares of the scientific and technical instruments company’s stock worth $422,000 after purchasing an additional 125 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of MKS Instruments by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 29,144 shares of the scientific and technical instruments company’s stock worth $2,522,000 after purchasing an additional 140 shares during the period. Finally, Scotia Capital Inc. grew its stake in shares of MKS Instruments by 2.3% during the 3rd quarter. Scotia Capital Inc. now owns 7,261 shares of the scientific and technical instruments company’s stock worth $628,000 after purchasing an additional 166 shares during the period. 99.25% of the stock is owned by hedge funds and other institutional investors.

MKS Instruments Company Profile

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

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Insider Buying and Selling by Quarter for MKS Instruments (NASDAQ:MKSI)

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