MKS Instruments (NASDAQ:MKSI) Price Target Raised to $140.00

MKS Instruments (NASDAQ:MKSIFree Report) had its price objective hoisted by KeyCorp from $115.00 to $140.00 in a research note released on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the scientific and technical instruments company’s stock.

Several other equities research analysts have also recently issued reports on the stock. TheStreet raised shares of MKS Instruments from a d+ rating to a c- rating in a research report on Tuesday, January 23rd. Needham & Company LLC lifted their target price on MKS Instruments from $120.00 to $125.00 and gave the company a buy rating in a research note on Thursday, February 8th. Finally, StockNews.com downgraded shares of MKS Instruments from a hold rating to a sell rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $118.83.

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MKS Instruments Stock Up 0.5 %

Shares of NASDAQ MKSI opened at $120.37 on Friday. MKS Instruments has a 12-month low of $63.44 and a 12-month high of $123.00. The company has a current ratio of 2.99, a quick ratio of 1.92 and a debt-to-equity ratio of 1.90. The firm’s 50-day moving average price is $102.08 and its 200-day moving average price is $91.18. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of -4.37, a P/E/G ratio of 3.60 and a beta of 1.65.

MKS Instruments (NASDAQ:MKSIGet Free Report) last announced its earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.28. MKS Instruments had a negative net margin of 50.80% and a positive return on equity of 9.95%. The business had revenue of $893.00 million for the quarter, compared to the consensus estimate of $845.25 million. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities research analysts anticipate that MKS Instruments will post 4.96 EPS for the current fiscal year.

MKS Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 26th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, February 23rd. MKS Instruments’s payout ratio is currently -3.19%.

Insider Buying and Selling

In other news, Director Gerard G. Colella sold 10,000 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the completion of the sale, the director now owns 78,017 shares of the company’s stock, valued at $8,581,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gerard G. Colella sold 10,000 shares of MKS Instruments stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the transaction, the director now owns 78,017 shares in the company, valued at $8,581,870. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Elizabeth Mora sold 250 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $100.90, for a total transaction of $25,225.00. Following the transaction, the director now directly owns 17,112 shares in the company, valued at approximately $1,726,600.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,500 shares of company stock worth $2,345,783. Insiders own 0.69% of the company’s stock.

Institutional Trading of MKS Instruments

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC grew its stake in shares of MKS Instruments by 73.5% in the first quarter. Belpointe Asset Management LLC now owns 295 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in MKS Instruments during the 4th quarter worth about $27,000. PCA Investment Advisory Services Inc. purchased a new stake in MKS Instruments during the second quarter worth approximately $34,000. GAMMA Investing LLC purchased a new stake in shares of MKS Instruments during the 4th quarter worth approximately $35,000. Finally, Quest Partners LLC acquired a new position in MKS Instruments in the fourth quarter valued at $37,000. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

About MKS Instruments

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MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, and internationally. It operates through Vacuum Solutions Division, Photonics Solutions Division, and Material Solutions Division.

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