MKS Instruments Inc. (NASDAQ:MKSI) had its price target raised by equities researchers at Stifel Nicolaus from $54.00 to $64.00 in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 11.45% from the stock’s previous close.

MKSI has been the subject of a number of other reports. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research report on Friday, October 28th. Citigroup Inc. started coverage on shares of MKS Instruments in a research report on Wednesday, October 12th. They set a “buy” rating and a $59.00 price target for the company. Pacific Crest restated a “buy” rating on shares of MKS Instruments in a research report on Friday, July 29th. Finally, Dougherty & Co lowered shares of MKS Instruments from a “buy” rating to a “neutral” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.40.

MKS Instruments (NASDAQ:MKSI) opened at 57.425 on Wednesday. MKS Instruments has a 12 month low of $30.68 and a 12 month high of $57.75. The company’s 50-day moving average price is $50.68 and its 200 day moving average price is $46.09. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 36.600 and a beta of 0.98.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.11. MKS Instruments had a net margin of 7.98% and a return on equity of 10.58%. The business earned $380.66 million during the quarter, compared to analyst estimates of $370.13 million. During the same period in the previous year, the business earned $0.59 EPS. MKS Instruments’s revenue was up 81.8% compared to the same quarter last year. Analysts forecast that MKS Instruments will post $2.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Monday, November 28th will be given a $0.17 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.68 annualized dividend and a yield of 1.18%. MKS Instruments’s dividend payout ratio (DPR) is presently 43.04%.

In other MKS Instruments news, VP Brian Charles Quirk sold 1,000 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $49.36, for a total value of $49,360.00. Following the completion of the sale, the vice president now directly owns 11,210 shares of the company’s stock, valued at $553,325.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerard G. Colella sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $47.11, for a total transaction of $235,550.00. Following the completion of the sale, the chief executive officer now directly owns 37,900 shares of the company’s stock, valued at $1,785,469. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of MKSI. Moody Aldrich Partners LLC increased its stake in MKS Instruments by 134.5% in the second quarter. Moody Aldrich Partners LLC now owns 44,255 shares of the company’s stock valued at $1,906,000 after buying an additional 25,385 shares in the last quarter. Strs Ohio increased its stake in MKS Instruments by 43.8% in the second quarter. Strs Ohio now owns 4,600 shares of the company’s stock valued at $198,000 after buying an additional 1,400 shares in the last quarter. Bank of Montreal Can acquired a new stake in MKS Instruments during the second quarter valued at $167,000. Adams Diversified Equity Fund Inc. acquired a new stake in MKS Instruments during the second quarter valued at $340,000. Finally, First Quadrant L P CA acquired a new stake in MKS Instruments during the second quarter valued at $504,000. 99.16% of the stock is owned by institutional investors and hedge funds.

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MKS Instruments Company Profile

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.

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