MKS Instruments, Inc. (NASDAQ:MKSI) Plans $0.22 Quarterly Dividend

MKS Instruments, Inc. (NASDAQ:MKSIGet Rating) declared a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Investors of record on Monday, May 30th will be paid a dividend of 0.22 per share by the scientific and technical instruments company on Friday, June 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 26th.

MKS Instruments has raised its dividend 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 payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

Shares of MKSI opened at $114.00 on Friday. MKS Instruments has a 12-month low of $110.26 and a 12-month high of $191.85. The business’s fifty day moving average is $133.08 and its 200 day moving average is $150.27. The company has a quick ratio of 3.72, a current ratio of 5.18 and a debt-to-equity ratio of 0.27. The stock has a market cap of $6.35 billion, a P/E ratio of 11.10 and a beta of 1.54.

MKS Instruments (NASDAQ:MKSIGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The business had revenue of $742.00 million during the quarter, compared to analyst estimates of $753.56 million. MKS Instruments had a return on equity of 22.81% and a net margin of 19.08%. MKS Instruments’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.56 EPS. On average, analysts expect that MKS Instruments will post 10.5 EPS for the current year.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised MKS Instruments from a “sell” rating to a “hold” rating and set a $126.00 price target for the company in a research report on Monday, April 25th. StockNews.com lowered MKS Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft lowered their price target on MKS Instruments from $170.00 to $150.00 in a research report on Thursday, April 28th. Rosenblatt Securities decreased their target price on MKS Instruments from $225.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, January 28th. Finally, Loop Capital started coverage on MKS Instruments in a research report on Tuesday, February 22nd. They set a “buy” rating and a $200.00 target price for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $178.56.

In related news, Director Elizabeth Mora sold 300 shares of MKS Instruments stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $149.99, for a total value of $44,997.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. KB Financial Partners LLC bought a new position in MKS Instruments in the 4th quarter worth about $42,000. Raymond James Trust N.A. grew its holdings in shares of MKS Instruments by 15.7% during the first quarter. Raymond James Trust N.A. now owns 1,646 shares of the scientific and technical instruments company’s stock worth $247,000 after purchasing an additional 223 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of MKS Instruments during the fourth quarter worth about $290,000. Cetera Investment Advisers purchased a new position in shares of MKS Instruments during the fourth quarter worth about $333,000. Finally, AlphaCrest Capital Management LLC purchased a new position in shares of MKS Instruments during the first quarter worth about $320,000. 96.42% of the stock is owned by institutional investors.

About MKS Instruments (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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Dividend History for MKS Instruments (NASDAQ:MKSI)

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