BidaskClub upgraded shares of MKS Instruments (NASDAQ:MKSI) from a sell rating to a hold rating in a research note published on Wednesday morning, BidAskClub reports.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of MKS Instruments from a hold rating to a sell rating and set a $94.00 price target on the stock. in a research report on Thursday, July 25th. Cowen reissued an outperform rating and issued a $120.00 price target (up previously from $115.00) on shares of MKS Instruments in a research report on Tuesday, April 30th. Susquehanna Bancshares started coverage on shares of MKS Instruments in a research report on Wednesday, May 15th. They issued a positive rating and a $123.00 price target on the stock. Finally, ValuEngine raised shares of MKS Instruments from a hold rating to a buy rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $112.11.
Shares of MKSI opened at $75.10 on Wednesday. The firm has a market cap of $4.28 billion, a PE ratio of 13.96, a PEG ratio of 1.62 and a beta of 1.44. The firm’s 50 day moving average price is $79.27 and its 200 day moving average price is $83.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.12 and a current ratio of 4.80. MKS Instruments has a twelve month low of $56.37 and a twelve month high of $103.86.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, July 30th. The scientific and technical instruments company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.01. The firm had revenue of $474.11 million for the quarter, compared to analyst estimates of $483.27 million. MKS Instruments had a net margin of 11.41% and a return on equity of 16.34%. The company’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. On average, sell-side analysts anticipate that MKS Instruments will post 4.03 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be paid a $0.20 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.80 annualized dividend and a dividend yield of 1.07%. MKS Instruments’s payout ratio is 10.22%.
In other MKS Instruments news, CEO Gerard G. Colella sold 5,000 shares of MKS Instruments stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $75.82, for a total transaction of $379,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elizabeth Mora sold 400 shares of MKS Instruments stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $71.93, for a total transaction of $28,772.00. Following the sale, the director now owns 16,618 shares in the company, valued at approximately $1,195,332.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,003 shares of company stock worth $457,306. 1.24% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MKSI. Treasurer of the State of North Carolina raised its holdings in MKS Instruments by 24.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 26,572 shares of the scientific and technical instruments company’s stock worth $2,070,000 after purchasing an additional 5,300 shares during the last quarter. Needham Investment Management LLC raised its holdings in MKS Instruments by 7.3% during the 2nd quarter. Needham Investment Management LLC now owns 103,000 shares of the scientific and technical instruments company’s stock worth $8,022,000 after purchasing an additional 7,000 shares during the last quarter. Private Capital Group LLC bought a new stake in MKS Instruments during the 2nd quarter worth about $25,000. Amundi Pioneer Asset Management Inc. raised its holdings in MKS Instruments by 36.1% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 220,270 shares of the scientific and technical instruments company’s stock worth $17,157,000 after purchasing an additional 58,411 shares during the last quarter. Finally, United Services Automobile Association raised its holdings in MKS Instruments by 47.6% during the 2nd quarter. United Services Automobile Association now owns 12,521 shares of the scientific and technical instruments company’s stock worth $975,000 after purchasing an additional 4,036 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.
MKS Instruments Company Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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