MKS Inc. (NASDAQ:MKSI – Get Free Report) Director Peter Cannone III sold 1,350 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $303.40, for a total value of $409,590.00. Following the transaction, the director directly owned 7,794 shares in the company, valued at approximately $2,364,699.60. This represents a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Peter Cannone III also recently made the following trade(s):
- On Friday, February 20th, Peter Cannone III sold 1,250 shares of MKS stock. The stock was sold at an average price of $258.06, for a total value of $322,575.00.
MKS Stock Performance
NASDAQ MKSI opened at $313.16 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.11 and a debt-to-equity ratio of 0.94. MKS Inc. has a 52-week low of $80.22 and a 52-week high of $326.83. The business’s 50-day moving average price is $264.16 and its 200 day moving average price is $217.45. The firm has a market cap of $21.15 billion, a P/E ratio of 65.51, a P/E/G ratio of 1.17 and a beta of 1.98.
MKS Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. MKS’s dividend payout ratio (DPR) is currently 20.92%.
Institutional Investors Weigh In On MKS
A number of institutional investors have recently added to or reduced their stakes in MKSI. USA Financial Formulas purchased a new stake in MKS in the 4th quarter valued at approximately $26,000. Global Retirement Partners LLC boosted its holdings in MKS by 560.0% in the 4th quarter. Global Retirement Partners LLC now owns 165 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. IFP Advisors Inc boosted its holdings in MKS by 616.7% in the 4th quarter. IFP Advisors Inc now owns 172 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 148 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in MKS by 74.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 260 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of MKS during the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.
Analyst Upgrades and Downgrades
MKSI has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of MKS in a report on Tuesday, April 21st. Morgan Stanley raised their price target on MKS from $354.00 to $374.00 and gave the stock an “overweight” rating in a report on Monday. Cantor Fitzgerald lifted their price objective on MKS from $300.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Wall Street Zen raised MKS from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Bank of America lifted their price objective on MKS from $215.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.77.
View Our Latest Stock Report on MKS
MKS Company Profile
MKS Instruments, Inc (NASDAQ: MKSI) designs, manufactures and markets technology solutions that enable advanced processes in a variety of high?technology and industrial markets. The company’s core offerings include vacuum and gas delivery systems, pressure and flow measurement instruments, optical metrology tools, photonics subsystems and critical components for manufacturing processes. These products support the precise control and monitoring needs of semiconductor, industrial manufacturing, life and health sciences, and research applications.
The company’s product portfolio features mass flow controllers, pressure transducers, vacuum gauges, gas purity monitors, laser-based metrology systems and photonic devices such as lasers and detectors.
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