MKS Instruments (MKSI) Lifted to “Buy” at BidaskClub

MKS Instruments (NASDAQ:MKSI) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other research analysts also recently issued reports about the company. Dougherty & Co raised their price objective on MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Stifel Nicolaus reissued a “buy” rating on shares of MKS Instruments in a research note on Sunday, October 1st. Deutsche Bank raised their price objective on MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, ValuEngine downgraded MKS Instruments from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $109.75.

Shares of MKS Instruments (NASDAQ MKSI) opened at $107.00 on Friday. MKS Instruments has a one year low of $61.45 and a one year high of $110.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.10 and a current ratio of 4.23. The firm has a market capitalization of $5,940.00, a PE ratio of 19.14, a PEG ratio of 1.03 and a beta of 1.04.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.10. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company had revenue of $486.27 million during the quarter, compared to the consensus estimate of $476.24 million. During the same period last year, the business earned $0.88 EPS. The business’s quarterly revenue was up 27.7% on a year-over-year basis. equities research analysts anticipate that MKS Instruments will post 5.89 earnings per share for the current fiscal year.

In other MKS Instruments news, VP Dennis L. Werth sold 3,639 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $96.88, for a total value of $352,546.32. Following the sale, the vice president now owns 4,199 shares of the company’s stock, valued at approximately $406,799.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerard G. Colella sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $96.30, for a total value of $963,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,025 shares in the company, valued at approximately $483,907.50. The disclosure for this sale can be found here. Insiders sold a total of 33,252 shares of company stock worth $3,294,887 in the last ninety days. Insiders own 1.65% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MKSI. Wells Fargo & Company MN grew its holdings in MKS Instruments by 113.2% in the 2nd quarter. Wells Fargo & Company MN now owns 368,655 shares of the scientific and technical instruments company’s stock valued at $24,810,000 after buying an additional 195,744 shares during the last quarter. Alliancebernstein L.P. grew its holdings in MKS Instruments by 39.2% in the 2nd quarter. Alliancebernstein L.P. now owns 114,544 shares of the scientific and technical instruments company’s stock valued at $7,709,000 after buying an additional 32,240 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in MKS Instruments by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after buying an additional 863 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in MKS Instruments by 15.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 178,411 shares of the scientific and technical instruments company’s stock valued at $12,007,000 after buying an additional 23,403 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in MKS Instruments by 20.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 412,569 shares of the scientific and technical instruments company’s stock valued at $27,765,000 after buying an additional 69,757 shares during the last quarter. 95.42% of the stock is currently owned by hedge funds and other institutional investors.

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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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