MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) – Investment analysts at KeyCorp reduced their Q4 2022 EPS estimates for shares of MKS Instruments in a research report issued to clients and investors on Monday, August 1st. KeyCorp analyst S. Barger now anticipates that the scientific and technical instruments company will post earnings per share of $2.67 for the quarter, down from their previous estimate of $2.79. The consensus estimate for MKS Instruments’ current full-year earnings is $10.69 per share. KeyCorp also issued estimates for MKS Instruments’ Q1 2023 earnings at $2.71 EPS, Q2 2023 earnings at $2.77 EPS, Q3 2023 earnings at $2.76 EPS, Q4 2023 earnings at $2.73 EPS and FY2023 earnings at $10.96 EPS.
MKS Instruments (NASDAQ:MKSI – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.28. The business had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $733.55 million. MKS Instruments had a net margin of 18.44% and a return on equity of 21.04%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.02 EPS.
MKS Instruments Trading Up 3.9 %
Shares of MKSI opened at $121.52 on Wednesday. The stock has a market capitalization of $6.76 billion, a P/E ratio of 12.20 and a beta of 1.55. The company has a quick ratio of 3.63, a current ratio of 5.14 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $108.93 and a two-hundred day simple moving average of $128.35. MKS Instruments has a twelve month low of $92.65 and a twelve month high of $181.03.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Raymond James Trust N.A. increased its stake in MKS Instruments by 5.1% during the 4th quarter. Raymond James Trust N.A. now owns 1,423 shares of the scientific and technical instruments company’s stock valued at $248,000 after purchasing an additional 69 shares in the last quarter. Fifth Third Bancorp increased its stake in MKS Instruments by 56.3% during the 1st quarter. Fifth Third Bancorp now owns 236 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. Advisor Partners LLC increased its stake in MKS Instruments by 6.2% during the 4th quarter. Advisor Partners LLC now owns 1,595 shares of the scientific and technical instruments company’s stock valued at $278,000 after purchasing an additional 93 shares in the last quarter. Chiron Investment Management LLC increased its stake in MKS Instruments by 2.4% during the 1st quarter. Chiron Investment Management LLC now owns 4,522 shares of the scientific and technical instruments company’s stock valued at $678,000 after purchasing an additional 107 shares in the last quarter. Finally, Covestor Ltd increased its stake 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 valued at $104,000 after purchasing an additional 111 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at MKS Instruments
In other MKS Instruments news, Director Peter Cannone III purchased 250 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average cost of $120.06 per share, with a total value of $30,015.00. Following the transaction, the director now directly owns 3,142 shares in the company, valued at approximately $377,228.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.
MKS Instruments Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 8th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, August 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.72%. MKS Instruments’s dividend payout ratio (DPR) is currently 8.84%.
MKS Instruments Company Profile
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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