MKS Instruments (NASDAQ:MKSI) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
MKSI has been the subject of several other research reports. Benchmark dropped their price objective on shares of MKS Instruments to $100.00 and set a “buy” rating for the company in a report on Friday, October 26th. Stifel Nicolaus dropped their price objective on shares of MKS Instruments from $155.00 to $146.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. ValuEngine cut shares of MKS Instruments from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 12th. Cowen set a $100.00 target price on shares of MKS Instruments and gave the company a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research cut shares of MKS Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $118.00.
MKSI opened at $72.56 on Wednesday. MKS Instruments has a 52 week low of $67.83 and a 52 week high of $128.28. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.81 and a beta of 0.90. The company has a quick ratio of 3.86, a current ratio of 5.38 and a debt-to-equity ratio of 0.19.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.72 by $0.16. MKS Instruments had a net margin of 18.76% and a return on equity of 25.57%. The business had revenue of $487.00 million during the quarter, compared to the consensus estimate of $492.88 million. During the same quarter in the prior year, the firm earned $1.56 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast that MKS Instruments will post 7.78 EPS for the current fiscal year.
In other news, Director Elizabeth Mora sold 375 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $79.90, for a total transaction of $29,962.50. Following the sale, the director now directly owns 15,412 shares in the company, valued at approximately $1,231,418.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.67% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. purchased a new stake in MKS Instruments in the 2nd quarter worth about $155,000. Lido Advisors LLC raised its position in MKS Instruments by 31.5% in the 2nd quarter. Lido Advisors LLC now owns 2,751 shares of the scientific and technical instruments company’s stock worth $263,000 after purchasing an additional 659 shares during the period. Investment Counselors of Maryland LLC purchased a new stake in MKS Instruments in the 3rd quarter worth about $238,000. Palouse Capital Management Inc. purchased a new stake in MKS Instruments in the 3rd quarter worth about $245,000. Finally, Janus Henderson Group PLC purchased a new stake in MKS Instruments in the 2nd quarter worth about $329,000. 91.52% of the stock is currently owned by 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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