MKS Instruments, Inc. (NASDAQ:MKSI) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.
Several other research firms also recently weighed in on MKSI. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Dougherty & Co reaffirmed a “buy” rating and issued a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a research report on Friday, April 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $81.00 price objective (up from $71.00) on shares of MKS Instruments in a research report on Friday, April 28th. 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 research report on Friday, April 21st. Finally, Deutsche Bank AG assumed coverage on MKS Instruments in a research report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price objective on the stock. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $80.60.
Shares of MKS Instruments (NASDAQ:MKSI) opened at 79.20 on Tuesday. MKS Instruments has a 52 week low of $44.82 and a 52 week high of $88.40. The firm has a market cap of $4.29 billion, a PE ratio of 28.34 and a beta of 1.03. The firm has a 50-day moving average price of $78.22 and a 200-day moving average price of $69.72.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.19. The company had revenue of $437.20 million for the quarter, compared to the consensus estimate of $413.26 million. MKS Instruments had a return on equity of 17.29% and a net margin of 9.83%. The firm’s quarterly revenue was up 138.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities research analysts predict that MKS Instruments will post $4.97 earnings per share for the current year.
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In related news, Director Peter Hanley sold 1,200 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $81.51, for a total value of $97,812.00. Following the transaction, the director now directly owns 4,622 shares of the company’s stock, valued at approximately $376,739.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gerard G. Colella sold 2,500 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $79.30, for a total value of $198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 5,025 shares in the company, valued at $398,482.50. The disclosure for this sale can be found here. Insiders have sold a total of 31,810 shares of company stock worth $2,520,987 over the last three months. 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 raised its stake 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 last quarter. Creative Planning raised its stake 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 last quarter. Suntrust Banks Inc. acquired a new stake in shares of MKS Instruments during the first quarter worth about $209,000. Piedmont Investment Advisors LLC acquired a new stake in shares of MKS Instruments during the first quarter worth about $221,000. Finally, Intrust Bank NA acquired a new stake in shares of MKS Instruments during the first quarter worth about $228,000. 98.38% of the stock is currently owned by institutional investors.
About MKS Instruments
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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