MKS Instruments Inc. (MKSI) Coverage Initiated by Analysts at Citigroup Inc.
Equities researchers at Citigroup Inc. began coverage on shares of MKS Instruments Inc. (NASDAQ:MKSI) in a report issued on Wednesday. The brokerage set a “buy” rating and a $59.00 price target on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 22.61% from the stock’s previous close.
The analysts wrote, “The Newport transaction not only diversifies the revenue base to an even 50/50 split of semi and non-semi business, but it also opens the door to new customers in the semiconductor space.”
Several other analysts have also recently commented on the company. Pacific Crest reissued a “buy” rating on shares of MKS Instruments in a report on Monday, July 11th. Dougherty & Co cut MKS Instruments from a “buy” rating to a “neutral” rating in a report on Thursday, July 28th. Finally, Zacks Investment Research cut MKS Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.80.
MKS Instruments (NASDAQ:MKSI) traded down 1.23% during trading on Wednesday, reaching $48.09. The company’s stock had a trading volume of 301,218 shares. The company has a market capitalization of $2.58 billion, a PE ratio of 31.45 and a beta of 1.18. MKS Instruments has a 52 week low of $29.00 and a 52 week high of $54.73. The company has a 50 day moving average price of $48.64 and a 200-day moving average price of $43.16.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.48 by $0.24. The business earned $325.90 million during the quarter, compared to analysts’ expectations of $288.62 million. MKS Instruments had a return on equity of 9.33% and a net margin of 9.21%. The company’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. Equities research analysts anticipate that MKS Instruments will post $2.68 earnings per share for the current year.
In other MKS Instruments news, VP Brian Charles Quirk sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $45.17, for a total transaction of $45,170.00. Following the completion of the transaction, the vice president now owns 12,210 shares of the company’s stock, valued at $551,525.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $45.71, for a total value of $228,550.00. Following the transaction, the chief executive officer now directly owns 42,900 shares of the company’s stock, valued at approximately $1,960,959. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its position in MKS Instruments by 5.3% in the first quarter. Glenmede Trust Co. NA now owns 13,765 shares of the company’s stock valued at $518,000 after buying an additional 696 shares during the last quarter. Aperio Group LLC increased its position in MKS Instruments by 55.8% in the first quarter. Aperio Group LLC now owns 9,442 shares of the company’s stock valued at $355,000 after buying an additional 3,381 shares during the last quarter. Virginia Retirement System bought a new position in MKS Instruments during the first quarter valued at $358,000. Los Angeles Capital Management & Equity Research Inc. increased its position in MKS Instruments by 84.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,882 shares of the company’s stock valued at $1,276,000 after buying an additional 15,529 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in MKS Instruments by 30.1% in the first quarter. TIAA CREF Investment Management LLC now owns 270,313 shares of the company’s stock valued at $10,177,000 after buying an additional 62,531 shares during the last quarter. 99.16% of the stock is owned by institutional investors.
About MKS Instruments
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
Receive News & Stock Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related stocks with our FREE daily email newsletter.