MKS Instruments, Inc. (MKSI) Receives Consensus Recommendation of “Buy” from Analysts
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) have been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $79.75.
MKSI has been the topic of several research reports. Dougherty & Co restated a “buy” rating and set a $100.00 price objective (up previously from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. Stifel Nicolaus reiterated a “buy” rating and set a $81.00 target price (up from $71.00) on shares of MKS Instruments in a research report on Friday, April 28th. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Friday, April 21st. Finally, BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th.
In other news, VP Brian Charles Quirk sold 1,000 shares of MKS Instruments stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $68.75, for a total transaction of $68,750.00. Following the sale, the vice president now directly owns 17,563 shares in the company, valued at approximately $1,207,456.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerard G. Colella sold 10,000 shares of MKS Instruments stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $68.61, for a total transaction of $686,100.00. Following the sale, the chief executive officer now owns 63,797 shares in the company, valued at $4,377,112.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,810 shares of company stock worth $3,275,837. 1.65% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Tyers Asset Management LLC acquired a new stake in shares of MKS Instruments during the fourth quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 712 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of MKS Instruments during the fourth quarter valued at $138,000. Elkfork Partners LLC acquired a new stake in shares of MKS Instruments during the fourth quarter valued at $158,000. Finally, Suntrust Banks Inc. acquired a new stake in shares of MKS Instruments during the first quarter valued at $209,000. Institutional investors and hedge funds own 98.67% of the company’s stock.
MKS Instruments (NASDAQ:MKSI) traded down 4.12% during trading on Tuesday, reaching $69.75. 569,737 shares of the company’s stock were exchanged. MKS Instruments has a 1-year low of $39.32 and a 1-year high of $88.40. The company’s 50-day moving average is $79.95 and its 200-day moving average is $69.21. The company has a market capitalization of $3.77 billion, a PE ratio of 24.96 and a beta of 1.03.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.19. MKS Instruments had a net margin of 9.83% and a return on equity of 17.29%. The company had revenue of $437.20 million for the quarter, compared to the consensus estimate of $413.26 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue was up 138.0% compared to the same quarter last year. Equities research analysts expect that MKS Instruments will post $4.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Monday, May 29th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.70 annualized dividend and a dividend yield of 1.00%. MKS Instruments’s dividend payout ratio (DPR) is currently 25.18%.
MKS Instruments Company Profile
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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