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MKS Instruments (NASDAQ:MKSI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Monday. The firm currently has a $38.00 target price on the stock. Zacks‘s target price points to a potential upside of 19.16% from the stock’s previous close.

Zacks’ analyst wrote, “MKS Instruments reported strong year-over-year results in the second quarter of 2014. Earnings per share of the company soared a whopping 200% year over year to $0.42, whereas revenues recorded a hike of 18% to $184.7 million. Growth was driven by improvements in the semiconductor and other advanced markets. The company’s attempts to enhance shareholders’ value through dividend and share repurchase were added advantages. The company paid a dividend of $8.8 million and repurchased shares worth $20 million in the second quarter of 2014. Moreover, MKS Instruments’ increasing growth in the international arena is a great positive. Based on these features, we are upgrading our recommendation on the stock to Outperform from Neutral.”

In other MKS Instruments news, Director Elizabeth Mora sold 2,000 shares of MKS Instruments stock on the open market in a transaction dated Monday, July 28th. The shares were sold at an average price of $31.97, for a total value of $63,940.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

MKS Instruments (NASDAQ:MKSI) traded down 0.63% on Monday, hitting $31.69. The stock had a trading volume of 208,272 shares. MKS Instruments has a 52 week low of $24.71 and a 52 week high of $32.94. The stock has a 50-day moving average of $31.20 and a 200-day moving average of $29.. The company has a market cap of $1.691 billion and a price-to-earnings ratio of 22.78.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.14. The company had revenue of $185.00 million for the quarter, compared to the consensus estimate of $171.00 million. During the same quarter last year, the company posted $0.14 earnings per share. MKS Instruments’s revenue was up 17.8% compared to the same quarter last year. On average, analysts predict that MKS Instruments will post $1.70 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, August 28th.

MKS Instruments, Inc (NASDAQ:MKSI) is a provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze parameters of manufacturing processes.

To view Zacks’ full report, visit Zacks’ official website.

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