MKS Instruments, Inc. (NASDAQ:MKSI) Short Interest Update

MKS Instruments, Inc. (NASDAQ:MKSI) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 1,920,000 shares, a decline of 7.7% from the October 31st total of 2,080,000 shares. Based on an average daily trading volume, of 426,200 shares, the short-interest ratio is presently 4.5 days. Currently, 3.6% of the shares of the company are sold short.

A number of research firms recently weighed in on MKSI. Benchmark reiterated a “buy” rating and issued a $120.00 price objective on shares of MKS Instruments in a research note on Friday, October 25th. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. ValuEngine lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup boosted their price target on shares of MKS Instruments from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Cowen boosted their price target on shares of MKS Instruments from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $119.88.

In related news, CFO Seth H. Bagshaw sold 18,000 shares of MKS Instruments stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $112.08, for a total value of $2,017,440.00. Following the completion of the transaction, the chief financial officer now directly owns 18,857 shares in the company, valued at approximately $2,113,492.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kathleen Flaherty Burke sold 10,384 shares of MKS Instruments stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $110.55, for a total transaction of $1,147,951.20. Following the completion of the transaction, the vice president now owns 28,778 shares of the company’s stock, valued at $3,181,407.90. The disclosure for this sale can be found here. Insiders sold a total of 33,384 shares of company stock valued at $3,720,541 over the last quarter. 1.24% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Man Group plc grew its position in MKS Instruments by 20.5% in the third quarter. Man Group plc now owns 27,997 shares of the scientific and technical instruments company’s stock worth $2,584,000 after acquiring an additional 4,769 shares in the last quarter. Partner Investment Management L.P. purchased a new position in MKS Instruments in the third quarter worth $803,000. Castleark Management LLC purchased a new position in MKS Instruments in the third quarter worth $6,114,000. Coldstream Capital Management Inc. purchased a new position in MKS Instruments in the third quarter worth $231,000. Finally, Public Employees Retirement System of Ohio grew its position in MKS Instruments by 1.4% in the third quarter. Public Employees Retirement System of Ohio now owns 20,771 shares of the scientific and technical instruments company’s stock worth $1,917,000 after acquiring an additional 280 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

MKSI opened at $106.28 on Monday. The company has a fifty day moving average price of $105.07 and a 200-day moving average price of $86.64. The firm has a market capitalization of $5.90 billion, a P/E ratio of 13.57 and a beta of 1.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.38 and a quick ratio of 2.89. MKS Instruments has a one year low of $56.37 and a one year high of $115.12.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.25. The firm had revenue of $462.45 million during the quarter, compared to analyst estimates of $442.90 million. MKS Instruments had a net margin of 9.10% and a return on equity of 13.84%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. On average, analysts expect that MKS Instruments will post 4.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.75%. MKS Instruments’s dividend payout ratio (DPR) is currently 10.22%.

MKS Instruments Company Profile

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.

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