MKS Instruments, Inc. (NASDAQ:MKSI) has received an average recommendation of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $112.11.
Several research analysts have recently issued reports on MKSI shares. Cowen reiterated an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of MKS Instruments in a report on Tuesday, April 30th. Zacks Investment Research downgraded shares of MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price target for the company. in a report on Thursday, July 25th. Susquehanna Bancshares began coverage on MKS Instruments in a report on Wednesday, May 15th. They issued a “positive” rating and a $123.00 price objective for the company. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, BidaskClub downgraded MKS Instruments from a “hold” rating to a “sell” rating in a report on Thursday, August 8th.
Shares of NASDAQ:MKSI traded up $1.17 during trading on Wednesday, hitting $77.74. 361,597 shares of the company were exchanged, compared to its average volume of 571,366. The business’s 50 day moving average is $79.54 and its 200-day moving average is $83.46. The company has a market capitalization of $4.01 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.44. The company has a quick ratio of 3.12, a current ratio of 4.80 and a debt-to-equity ratio of 0.48. MKS Instruments has a 1-year low of $56.37 and a 1-year high of $103.86.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.01. The company had revenue of $474.11 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 earnings per share. As a group, sell-side analysts anticipate that MKS Instruments will post 4.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 26th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.03%. MKS Instruments’s payout ratio is 10.22%.
In other MKS Instruments news, Director Jacqueline F. Moloney sold 603 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $81.98, for a total transaction of $49,433.94. Following the completion of the sale, the director now directly owns 7,692 shares in the company, valued at approximately $630,590.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $75.82, for a total value of $379,100.00. The disclosure for this sale can be found here. Insiders sold 6,003 shares of company stock valued at $457,306 over the last 90 days. 1.24% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. FMR LLC lifted its position in MKS Instruments by 17.3% during the fourth quarter. FMR LLC now owns 670,065 shares of the scientific and technical instruments company’s stock valued at $43,293,000 after purchasing an additional 98,788 shares during the period. Geode Capital Management LLC increased its stake in shares of MKS Instruments by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 584,620 shares of the scientific and technical instruments company’s stock worth $37,772,000 after purchasing an additional 35,731 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of MKS Instruments in the first quarter worth $39,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of MKS Instruments in the first quarter worth $1,201,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of MKS Instruments by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the scientific and technical instruments company’s stock worth $1,349,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.
About MKS Instruments
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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