Company shares are trading at $108.65 which is impressively higher than $95.88, the stock’s 50 day moving average and significantly higher than the 200 day moving average of $82.84. The 50 day moving average was up by +13.32% whereas the 200 day moving average was up $25.81 or +31.15%. Trading was heavy with 724K shares changing hands by the end of trading on Tuesday. Volume was up 58.34% over the stocks average daily volume.
Investors are more bullish on shares of the company if you take a look at the fall in short interest. The company recorded a fall in short interest of -8.46% as of October 13, 2017 from the last reporting period. Short interest fell from 1,671,322 to 1,529,846 over that period. Days to cover increased from 3.0 to 4.0 and the percentage of shorted shares is 0.03% as of October 13.
MKS Instruments, Inc. (NASDAQ:MKSI) has been the object of insider selling activity recently. Director Peter Hanley sold 300 shares at an average price of $83.15 on September 6th. That brings the Director’s holdings to $255,445 as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in MKSI. As of the end of the quarter First Trust Advisors Lp had bought 732 shares growing its holdings by 1.1%. The value of the investment in MKS Instruments, Inc. increased from $4,596,000 to $6,519,000 a change of 41.8% quarter to quarter. Nationwide Fund Advisors divested its ownership by shedding 14,066 shares a decrease of 13.8%. Nationwide Fund Advisors currently owns 87,781 shares worth $8,291,000. The total value of its holdings increased 21.0%.
Pictet Asset Management Ltd added to its investment by buying 103,556 shares an increase of 34.9% in the quarter. Pictet Asset Management Ltd claims 400,235 shares valued at $37,802,000. The value of the position overall is up by 55.9%. As of quarter end Aperio Group, LLC had acquired a total of 489 shares growing its position 2.9%. The value of the company’s investment in MKS Instruments, Inc. went from $1,120,000 to $1,618,000 a change of $498,000 since the last quarter.
October 26 investment analysts at Deutsche Bank held the stock rating at “Buy” but raised the price expectation to $116.00 from $84.00.
The company is now up since yesterday’s close of $108.65. The company recently announced a dividend for shareholders that was paid on Friday September 8th, 2017. The dividend was $0.175 per share for the quarter which comes to $0.70 on an annualized basis. This dividend represents a yield of $0.66 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 24th of August 2017.
The P/E ratio is 22.57 and the market value is 5.90B. As of the latest earnings report the EPS was $4.81 and is expected to be $5.90 for the current year with 54,275,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.61 with next year’s EPS anticipated to be $6.50.
MKS Instruments, Inc., launched on June 14, 1961, is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment. The Vacuum & Analysis segment provides a range of instruments, components, subsystems and software, which are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control and information technology, ozone generation and delivery, radio frequency (RF) and direct current (DC) power, reactive gas generation and vacuum technology. The Light & Motion segment provides a range of instruments, components and subsystems, which are derived from its core competencies in lasers, photonics and optics..