MKS Instruments, Inc. (MKSI) Given Consensus Rating of “Buy” by Brokerages
MKS Instruments, Inc. (NASDAQ:MKSI) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $85.75.
A number of analysts have weighed in on the stock. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. KeyCorp restated an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, Deutsche Bank AG assumed coverage on shares of MKS Instruments in a research report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price on the stock.
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In other news, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction on Friday, July 28th. The shares were sold at an average price of $83.22, for a total transaction of $83,220.00. Following the transaction, the director now owns 3,372 shares in the company, valued at $280,617.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total transaction of $158,600.00. Following the transaction, the vice president now owns 15,785 shares in the company, valued at approximately $1,251,750.50. The disclosure for this sale can be found here. Insiders sold 11,100 shares of company stock worth $935,105 in the last 90 days. Company insiders own 1.65% of the company’s stock.
Several large investors have recently modified their holdings of MKSI. Karp Capital Management Corp acquired a new position in shares of MKS Instruments during the first quarter worth $970,000. Mason Street Advisors LLC lifted its holdings in shares of MKS Instruments by 7.5% during the first quarter. Mason Street Advisors LLC now owns 12,586 shares of the scientific and technical instruments company’s stock worth $865,000 after purchasing an additional 876 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of MKS Instruments by 2.4% during the first quarter. Envestnet Asset Management Inc. now owns 6,620 shares of the scientific and technical instruments company’s stock worth $457,000 after purchasing an additional 152 shares during the period. M&T Bank Corp lifted its holdings in shares of MKS Instruments by 10.3% during the first quarter. M&T Bank Corp now owns 5,862 shares of the scientific and technical instruments company’s stock worth $403,000 after purchasing an additional 545 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in shares of MKS Instruments by 9.1% during the first quarter. Prudential Financial Inc. now owns 100,843 shares of the scientific and technical instruments company’s stock worth $6,933,000 after purchasing an additional 8,380 shares during the period. Institutional investors own 95.38% of the company’s stock.
MKS Instruments (NASDAQ:MKSI) opened at 95.40 on Friday. The stock has a market cap of $5.18 billion, a P/E ratio of 19.82 and a beta of 1.13. The company has a 50-day moving average price of $86.76 and a 200-day moving average price of $78.66. MKS Instruments has a one year low of $46.51 and a one year high of $96.65.
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 for the quarter, meeting analysts’ consensus estimates of $1.41. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The firm had revenue of $481.00 million for the quarter, compared to analyst estimates of $463.86 million. During the same quarter last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 47.6% on a year-over-year basis. On average, analysts anticipate that MKS Instruments will post $5.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.70 dividend on an annualized basis and a yield of 0.73%. MKS Instruments’s dividend payout ratio is currently 14.58%.
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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