MKS Instruments, Inc. (MKSI) Sees Large Decrease in Short Interest

MKS Instruments, Inc. (NASDAQ:MKSI) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,256,859 shares, a drop of 33.0% from the January 12th total of 1,877,091 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average trading volume of 536,501 shares, the short-interest ratio is currently 2.3 days.

MKS Instruments (NASDAQ MKSI) opened at $99.90 on Monday. The company has a quick ratio of 3.06, a current ratio of 4.21 and a debt-to-equity ratio of 0.25. The stock has a market cap of $5,424.07, a PE ratio of 16.22, a PEG ratio of 0.99 and a beta of 1.04. MKS Instruments has a twelve month low of $64.45 and a twelve month high of $110.60.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.08. The business had revenue of $512.00 million during the quarter, compared to the consensus estimate of $500.22 million. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS. analysts forecast that MKS Instruments will post 7.6 earnings per share for the current fiscal year.

Several analysts have recently commented on MKSI shares. BidaskClub cut shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Dougherty & Co raised their target price on shares of MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 target price for the company in a research note on Tuesday, February 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $133.00 price target on shares of MKS Instruments in a report on Thursday, February 1st. Finally, Deutsche Bank increased their price target on shares of MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $116.60.

In other news, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $105.10, for a total value of $210,200.00. Following the completion of the sale, the vice president now owns 11,863 shares in the company, valued at approximately $1,246,801.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth Mora sold 300 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $94.10, for a total transaction of $28,230.00. The disclosure for this sale can be found here. Insiders sold a total of 31,139 shares of company stock valued at $3,069,492 in the last 90 days. Company insiders own 1.65% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of MKS Instruments by 4.9% in the 2nd quarter. State Street Corp now owns 1,350,159 shares of the scientific and technical instruments company’s stock valued at $90,865,000 after purchasing an additional 63,140 shares in the last quarter. Wells Fargo & Company MN increased its holdings in MKS Instruments by 132.5% during the 4th quarter. Wells Fargo & Company MN now owns 902,995 shares of the scientific and technical instruments company’s stock valued at $85,333,000 after acquiring an additional 514,563 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in MKS Instruments by 121.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 869,399 shares of the scientific and technical instruments company’s stock valued at $82,115,000 after acquiring an additional 476,810 shares in the last quarter. Principal Financial Group Inc. increased its holdings in MKS Instruments by 34.6% during the 3rd quarter. Principal Financial Group Inc. now owns 569,835 shares of the scientific and technical instruments company’s stock valued at $53,822,000 after acquiring an additional 146,476 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in MKS Instruments by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 524,265 shares of the scientific and technical instruments company’s stock valued at $49,308,000 after acquiring an additional 5,245 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

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About MKS Instruments

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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