Zacks Investment Research lowered shares of MKS Instruments (NASDAQ:MKSI) from a strong-buy rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “MKS Instruments benefiting from elevated semiconductor and other advanced markets’ demand. Apart from the from stronger semiconductor business, the company is benefiting from Newport Corporation buyout and sturdy demand for innovative products and superior customer relationships. These are expected to drive near-term results. However, shares have underperformed the industry on a year-to-date basis. Intense competition in the industry is a major headwind. Loss of demand from a prominent buyer or a sudden supply chain challenge remains concerns.”
Other equities analysts have also issued reports about the company. BidaskClub lowered MKS Instruments from a buy rating to a hold rating in a research note on Tuesday. Cowen began coverage on MKS Instruments in a research note on Monday, May 14th. They issued an outperform rating and a $135.00 price objective on the stock. Deutsche Bank lifted their price objective on MKS Instruments to $140.00 and gave the stock a buy rating in a research note on Thursday, March 22nd. Benchmark began coverage on MKS Instruments in a research note on Thursday, May 31st. They issued a buy rating and a $140.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on MKS Instruments from $147.00 to $155.00 and gave the stock a buy rating in a research note on Monday, June 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. MKS Instruments currently has an average rating of Buy and an average target price of $130.29.
Shares of MKSI stock opened at $96.80 on Tuesday. MKS Instruments has a 12 month low of $65.90 and a 12 month high of $128.28. The stock has a market cap of $5.23 billion, a PE ratio of 14.16, a PEG ratio of 1.17 and a beta of 0.96. The company has a current ratio of 4.49, a quick ratio of 3.24 and a debt-to-equity ratio of 0.20.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.07. The company had revenue of $554.00 million for the quarter, compared to analyst estimates of $530.68 million. MKS Instruments had a return on equity of 23.94% and a net margin of 18.65%. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 earnings per share. equities analysts predict that MKS Instruments will post 8.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Monday, May 28th were paid a $0.20 dividend. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, May 24th. MKS Instruments’s payout ratio is currently 13.42%.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $109.40, for a total value of $218,800.00. Following the transaction, the vice president now directly owns 17,641 shares of the company’s stock, valued at $1,929,925.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jacqueline F. Moloney sold 750 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $100.20, for a total value of $75,150.00. Following the completion of the transaction, the director now directly owns 6,570 shares in the company, valued at $658,314. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,512 shares of company stock worth $1,739,002. 1.67% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Affinity Investment Advisors LLC lifted its stake in MKS Instruments by 12.6% in the first quarter. Affinity Investment Advisors LLC now owns 4,388 shares of the scientific and technical instruments company’s stock valued at $507,000 after buying an additional 491 shares during the period. Zeke Capital Advisors LLC lifted its stake in MKS Instruments by 21.6% in the first quarter. Zeke Capital Advisors LLC now owns 2,833 shares of the scientific and technical instruments company’s stock valued at $328,000 after buying an additional 504 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in MKS Instruments by 2.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 18,690 shares of the scientific and technical instruments company’s stock valued at $2,162,000 after buying an additional 510 shares during the period. GSA Capital Partners LLP lifted its stake in MKS Instruments by 14.1% in the first quarter. GSA Capital Partners LLP now owns 4,131 shares of the scientific and technical instruments company’s stock valued at $478,000 after buying an additional 510 shares during the period. Finally, FDx Advisors Inc. lifted its stake in MKS Instruments by 8.7% in the fourth quarter. FDx Advisors Inc. now owns 7,380 shares of the scientific and technical instruments company’s stock valued at $697,000 after buying an additional 592 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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