MKS Instruments, Inc. (MKSI) Upgraded to Buy by BidaskClub
BidaskClub upgraded shares of MKS Instruments, Inc. (NASDAQ:MKSI) from a hold rating to a buy rating in a report issued on Wednesday.
Several other research firms also recently commented on MKSI. Stifel Nicolaus reaffirmed a buy rating and issued a $81.00 price objective (up from $71.00) on shares of MKS Instruments in a report on Friday, April 28th. Zacks Investment Research raised shares of MKS Instruments from a hold rating to a buy rating and set a $79.00 price objective for the company in a report on Friday, April 21st. Deutsche Bank AG initiated coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They issued a buy rating and a $84.00 price objective for the company. ValuEngine raised shares of MKS Instruments from a hold rating to a buy rating in a report on Friday, June 2nd. Finally, Dougherty & Co reaffirmed a buy rating and issued a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. MKS Instruments has a consensus rating of Buy and an average price target of $80.60.
Shares of MKS Instruments (NASDAQ MKSI) opened at 79.20 on Wednesday. MKS Instruments has a 52-week low of $44.82 and a 52-week high of $88.40. The stock has a 50 day moving average of $78.22 and a 200-day moving average of $69.72. The firm has a market capitalization of $4.29 billion, a P/E ratio of 28.34 and a beta of 1.03.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.19. The company had revenue of $437.20 million during the quarter, compared to the consensus estimate of $413.26 million. MKS Instruments had a net margin of 9.83% and a return on equity of 17.29%. MKS Instruments’s revenue for the quarter was up 138.0% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. Equities analysts expect that MKS Instruments will post $4.97 earnings per share for the current fiscal year.
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In other MKS Instruments news, CEO Gerard G. Colella sold 2,500 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were 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 of the company’s stock, valued at approximately $398,482.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory R. Beecher sold 18,400 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $78.58, for a total transaction of $1,445,872.00. Following the completion of the transaction, the director now directly owns 22,615 shares of the company’s stock, valued at $1,777,086.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,810 shares of company stock valued at $2,520,987. Insiders own 1.65% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in MKSI. Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $151,000 after buying an additional 712 shares during the last quarter. Creative Planning increased 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 valued at $151,000 after buying an additional 416 shares during the last quarter. Suntrust Banks Inc. purchased a new position in shares of MKS Instruments during the first quarter valued at approximately $209,000. Piedmont Investment Advisors LLC purchased a new position in shares of MKS Instruments during the first quarter valued at approximately $221,000. Finally, Intrust Bank NA purchased a new position in shares of MKS Instruments during the first quarter valued at approximately $228,000. 98.38% of the stock is owned by hedge funds and other institutional investors.
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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