MKS Inc. (NASDAQ:MKSI) to Issue Quarterly Dividend of $0.22

Key Points

• MKS Inc. has declared a quarterly dividend of $0.22 per share, with a payout date set for September 5th, 2023, for investors on record as of August 25th.
• The company has a low payout ratio of 10.8%, indicating it can comfortably sustain its dividend payments in the future.
• Recent analyst ratings suggest optimism, as the average price target for MKS shares is set at $120.00, with eight analysts rating it a "buy."

MKS Inc. (NASDAQ:MKSI - Get Free Report) announced a quarterly dividend on Monday, August 4th, RTT News reports. Investors of record on Monday, August 25th will be given a dividend of 0.22 per share by the scientific and technical instruments company on Friday, September 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 25th.

MKS has a payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MKS to earn $8.61 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 10.2%.

MKS Price Performance

Shares of NASDAQ:MKSI traded up $0.60 during mid-day trading on Friday, reaching $99.37. The stock had a trading volume of 1,204,428 shares, compared to its average volume of 1,072,653. The company has a current ratio of 2.99, a quick ratio of 1.96 and a debt-to-equity ratio of 1.71. The company has a market cap of $6.70 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.86. MKS has a 1 year low of $54.84 and a 1 year high of $125.33. The business's 50 day moving average price is $97.49 and its 200 day moving average price is $90.66.

MKS (NASDAQ:MKSI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.61 by $0.16. The company had revenue of $973.00 million during the quarter, compared to analyst estimates of $931.05 million. MKS had a return on equity of 20.65% and a net margin of 7.11%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $1.53 earnings per share. Research analysts expect that MKS will post 6.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MKSI has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on MKS in a research report on Thursday, July 10th. They set a "sell" rating and a $90.00 target price for the company. Morgan Stanley boosted their target price on MKS from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Cantor Fitzgerald boosted their target price on MKS from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Needham & Company LLC decreased their price target on shares of MKS from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of MKS from $100.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.80.

MKS 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.