MKS Instruments’ (MKSI) “Buy” Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of MKS Instruments, Inc. (NASDAQ:MKSI) in a research note issued to investors on Thursday morning. They currently have a $98.00 target price on the scientific and technical instruments company’s stock, up from their previous target price of $90.00.
A number of other equities analysts have also recently weighed in on MKSI. Zacks Investment Research raised MKS Instruments from a hold rating to a buy rating and set a $79.00 price objective on the stock in a report on Friday, April 21st. Dougherty & Co reissued a buy rating and set a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. ValuEngine raised MKS Instruments from a hold rating to a buy rating in a report on Friday, June 2nd. BidaskClub cut MKS Instruments from a strong-buy rating to a buy rating in a report on Saturday, June 17th. Finally, Deutsche Bank AG initiated coverage on MKS Instruments in a report on Wednesday, July 5th. They set a buy rating and a $84.00 price objective on the stock. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $84.00.
Shares of MKS Instruments (NASDAQ:MKSI) traded up 0.36% on Thursday, reaching $83.65. The company’s stock had a trading volume of 632,527 shares. The stock has a market cap of $4.53 billion, a P/E ratio of 17.38 and a beta of 1.03. The firm’s 50-day moving average price is $75.48 and its 200-day moving average price is $72.10. MKS Instruments has a 12 month low of $44.82 and a 12 month high of $88.40.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.41. The firm had revenue of $481 million during the quarter, compared to the consensus estimate of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. On average, analysts forecast that MKS Instruments will post $5.42 earnings per share for the current fiscal year.
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In other MKS Instruments news, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $83.22, for a total value of $83,220.00. Following the transaction, the director now directly owns 3,372 shares of the company’s stock, valued at approximately $280,617.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory R. Beecher sold 3,960 shares of MKS Instruments stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $80.87, for a total value of $320,245.20. Following the completion of the transaction, the director now directly owns 18,655 shares in the company, valued at $1,508,629.85. The disclosure for this sale can be found here. Insiders sold a total of 14,410 shares of company stock worth $1,158,335 over the last ninety days. Insiders own 1.65% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 712 shares during the period. Creative Planning boosted its position in shares of MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 416 shares during the period. Suntrust Banks Inc. bought a new position in shares of MKS Instruments during the first quarter worth approximately $209,000. Piedmont Investment Advisors LLC bought a new position in shares of MKS Instruments during the first quarter worth approximately $221,000. Finally, Intrust Bank NA bought a new position in shares of MKS Instruments during the first quarter worth approximately $228,000. 98.36% of the stock is currently owned by institutional investors and hedge funds.
MKS Instruments Company Profile
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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