MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) announced a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Shareholders of record on Monday, May 30th will be given a dividend of 0.22 per share by the scientific and technical instruments company on Friday, June 10th. This represents a $0.88 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 26th.
MKS Instruments has raised its dividend payment by an average of 3.3% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. MKS Instruments has a dividend payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Analysts expect MKS Instruments to earn $11.77 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 7.5%.
NASDAQ:MKSI opened at $118.14 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.72 and a current ratio of 5.18. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 11.50 and a beta of 1.54. MKS Instruments has a 52 week low of $110.26 and a 52 week high of $191.85. The firm has a 50-day moving average price of $132.00 and a two-hundred day moving average price of $149.88.
Several brokerages have recently issued reports on MKSI. Rosenblatt Securities decreased their price target on shares of MKS Instruments from $225.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, January 28th. Stifel Nicolaus raised their price target on shares of MKS Instruments from $256.00 to $260.00 in a research note on Thursday, April 7th. Needham & Company LLC cut their price objective on shares of MKS Instruments from $215.00 to $185.00 and set a “buy” rating for the company in a report on Friday, January 28th. StockNews.com downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Finally, Citigroup cut their price objective on shares of MKS Instruments from $170.00 to $140.00 in a report on Thursday, April 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $178.56.
In other MKS Instruments news, Director Elizabeth Mora sold 300 shares of the firm’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $149.99, for a total value of $44,997.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. KB Financial Partners LLC bought a new position in MKS Instruments in the 4th quarter valued at $42,000. Covestor Ltd boosted its holdings in MKS Instruments by 19.1% in the 1st quarter. Covestor Ltd now owns 692 shares of the scientific and technical instruments company’s stock valued at $104,000 after purchasing an additional 111 shares during the period. Canada Pension Plan Investment Board bought a new position in MKS Instruments in the 1st quarter valued at $135,000. Raymond James Trust N.A. lifted its holdings in shares of MKS Instruments by 15.7% during the 1st quarter. Raymond James Trust N.A. now owns 1,646 shares of the scientific and technical instruments company’s stock worth $247,000 after acquiring an additional 223 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of MKS Instruments during the 4th quarter worth $290,000. 96.42% of the stock is owned by hedge funds and other institutional investors.
MKS Instruments Company Profile (Get Rating)
MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products.
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