MKS Instruments, Inc. (NASDAQ:MKSI)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They presently have a $98.00 price objective on the scientific and technical instruments company’s stock, up from their previous price objective of $90.00. Stifel Nicolaus’ price objective indicates a potential upside of 15.84% from the company’s previous close.

Several other research firms have also issued reports on MKSI. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Dougherty & Co restated a “buy” rating and issued a $100.00 target price (up previously from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 18th. 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 report on Friday, April 21st. Finally, Deutsche Bank AG began coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price on the stock. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $84.00.

MKS Instruments (NASDAQ MKSI) traded up 1.74% during mid-day trading on Thursday, reaching $84.60. The company had a trading volume of 1,241,630 shares. The stock has a market cap of $4.58 billion, a PE ratio of 30.27 and a beta of 1.02. MKS Instruments has a 12 month low of $44.82 and a 12 month high of $88.40. The firm’s 50-day moving average price is $75.59 and its 200-day moving average price is $71.93.

MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. The business had revenue of $481 million for the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a net margin of 15.47% and a return on equity of 20.15%. MKS Instruments’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. Equities research analysts forecast that MKS Instruments will post $5.30 EPS for the current fiscal year.

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In other MKS Instruments news, Director Gregory R. Beecher sold 18,400 shares of MKS Instruments stock in a transaction on Monday, May 1st. The shares were sold at an average price of $78.58, for a total value of $1,445,872.00. Following the completion of the sale, the director now directly owns 22,615 shares of the company’s stock, valued at $1,777,086.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter Hanley sold 1,200 shares of MKS Instruments stock in a transaction on Monday, May 15th. The shares were sold at an average price of $81.51, for a total transaction of $97,812.00. Following the completion of the sale, the director now directly owns 4,622 shares of the company’s stock, valued at $376,739.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,810 shares of company stock worth $2,520,987. 1.65% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. LS Investment Advisors LLC increased its stake in MKS Instruments by 0.5% in the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 19 shares during the period. Miles Capital Inc. increased its stake in MKS Instruments by 1.8% in the first quarter. Miles Capital Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock valued at $247,000 after buying an additional 62 shares during the period. World Asset Management Inc increased its stake in MKS Instruments by 2.0% in the first quarter. World Asset Management Inc now owns 3,443 shares of the scientific and technical instruments company’s stock valued at $237,000 after buying an additional 68 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in MKS Instruments by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the scientific and technical instruments company’s stock valued at $839,000 after buying an additional 70 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in MKS Instruments by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the scientific and technical instruments company’s stock valued at $1,481,000 after buying an additional 100 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

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