MKS Instruments, Inc. (MKSI) to Issue Quarterly Dividend of $0.22 on September 6th

MKS Instruments, Inc. (NASDAQ:MKSI) announced a quarterly dividend on Monday, August 5th, Zacks reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.22 per share by the scientific and technical instruments company on Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Monday, August 26th.

MKS Instruments has increased its dividend by an average of 3.2% annually over the last three years. MKS Instruments has a dividend payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MKS Instruments to earn $7.14 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 12.3%.

MKS Instruments Trading Up 4.1 %

NASDAQ:MKSI opened at $121.68 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.69 and a quick ratio of 2.34. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of -4.56, a price-to-earnings-growth ratio of 1.18 and a beta of 1.65. MKS Instruments has a one year low of $63.44 and a one year high of $147.40. The business has a fifty day moving average price of $126.06 and a 200-day moving average price of $124.89.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.02 by $0.51. The firm had revenue of $887.00 million during the quarter, compared to analyst estimates of $866.38 million. MKS Instruments had a positive return on equity of 13.90% and a negative net margin of 48.24%. MKS Instruments’s revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 EPS. Sell-side analysts forecast that MKS Instruments will post 4.98 EPS for the current year.

Insider Buying and Selling at MKS Instruments

In related news, EVP John Edward Williams sold 1,800 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.71, for a total value of $213,678.00. Following the completion of the transaction, the executive vice president now owns 13 shares of the company’s stock, valued at approximately $1,543.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Elizabeth Mora sold 275 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $129.41, for a total value of $35,587.75. Following the sale, the director now directly owns 18,209 shares of the company’s stock, valued at approximately $2,356,426.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Edward Williams sold 1,800 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $118.71, for a total transaction of $213,678.00. Following the completion of the sale, the executive vice president now directly owns 13 shares in the company, valued at $1,543.23. The disclosure for this sale can be found here. Insiders sold 2,325 shares of company stock valued at $280,131 in the last 90 days. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MKSI has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $142.00 target price on shares of MKS Instruments in a report on Thursday, August 8th. Wells Fargo & Company dropped their target price on shares of MKS Instruments from $135.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Bank of America initiated coverage on shares of MKS Instruments in a report on Wednesday, July 10th. They issued a “buy” rating and a $160.00 target price for the company. Morgan Stanley initiated coverage on shares of MKS Instruments in a report on Monday, August 5th. They issued an “overweight” rating and a $155.00 target price for the company. Finally, Needham & Company LLC upped their target price on shares of MKS Instruments from $153.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.63.

MKS Instruments Company Profile

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