MKS Instruments, Inc. (MKSI) Downgraded by BidaskClub to Buy
BidaskClub cut shares of MKS Instruments, Inc. (NASDAQ:MKSI) from a strong-buy rating to a buy rating in a research note released on Saturday.
Other analysts also recently issued reports about the company. Zacks Investment Research raised MKS Instruments from a hold rating to a buy rating and set a $79.00 target price for the company in a research note on Friday, April 21st. ValuEngine raised MKS Instruments from a hold rating to a buy rating in a research note on Friday, June 2nd. Stifel Nicolaus reaffirmed a buy rating and issued a $98.00 target price (up from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Deutsche Bank AG assumed coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a buy rating and a $84.00 target price for the company. Finally, Dougherty & Co reiterated a buy rating and set a $100.00 price target (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, The company presently has a consensus rating of Buy and a consensus target price of $84.00.
MKS Instruments (NASDAQ MKSI) opened at 79.90 on Friday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 16.60 and a beta of 1.07. The firm’s 50-day moving average is $75.87 and its 200 day moving average is $72.65. MKS Instruments has a 1-year low of $45.85 and a 1-year high of $88.40.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business had revenue of $481 million during the quarter, compared to the consensus estimate of $463.86 million. During the same period last year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. Equities analysts anticipate that MKS Instruments will post $5.42 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 24th. MKS Instruments’s dividend payout ratio is presently 14.58%.
In other news, CEO Gerard G. Colella sold 2,500 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $79.30, for a total transaction 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 approximately $398,482.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Hanley sold 1,000 shares of the stock in a transaction 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 owns 3,372 shares of the company’s stock, valued at $280,617.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,250 shares of company stock valued at $422,090. Company insiders own 1.65% of the company’s stock.
Institutional investors have recently added to or reduced their stakes 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. Good Life Advisors LLC purchased a new position in shares of MKS Instruments during the second quarter worth approximately $203,000. Suntrust Banks Inc. purchased a new position in shares of MKS Instruments during the first quarter worth approximately $209,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of MKS Instruments during the first quarter worth approximately $221,000. Institutional investors and hedge funds own 98.31% of the company’s stock.
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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