MKS Instruments (MKSI) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of MKS Instruments (NASDAQ:MKSI) from a sell rating to a hold rating in a research note published on Thursday.

MKSI has been the subject of a number of other reports. Zacks Investment Research downgraded MKS Instruments from a strong-buy rating to a hold rating in a report on Tuesday, June 26th. Cowen lowered their target price on MKS Instruments from $135.00 to $124.00 and set a hold rating for the company in a report on Thursday, July 26th. Citigroup lowered their target price on MKS Instruments from $130.00 to $122.00 and set a buy rating for the company in a report on Friday, July 13th. KeyCorp reiterated a buy rating and issued a $135.00 target price on shares of MKS Instruments in a report on Thursday, July 26th. Finally, Benchmark reiterated a buy rating and issued a $125.00 target price on shares of MKS Instruments in a report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. MKS Instruments presently has an average rating of Hold and an average target price of $127.75.

Shares of MKS Instruments stock traded down $0.80 during midday trading on Thursday, reaching $75.13. The company had a trading volume of 20,135 shares, compared to its average volume of 431,248. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.03 and a quick ratio of 3.66. The firm has a market cap of $4.28 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.81 and a beta of 0.88. MKS Instruments has a fifty-two week low of $73.11 and a fifty-two week high of $128.28.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 EPS for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.11. The company had revenue of $573.14 million for the quarter, compared to analyst estimates of $567.99 million. MKS Instruments had a return on equity of 25.69% and a net margin of 17.95%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share. Equities analysts anticipate that MKS Instruments will post 8.01 earnings per share for the current fiscal year.

In other news, Director Peter Hanley sold 1,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $94.39, for a total transaction of $117,043.60. Following the completion of the sale, the director now owns 1,501 shares in the company, valued at $141,679.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth Mora sold 375 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $92.50, for a total value of $34,687.50. Following the sale, the director now owns 15,787 shares of the company’s stock, valued at approximately $1,460,297.50. The disclosure for this sale can be found here. Insiders own 1.67% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new position in MKS Instruments in the second quarter worth $155,000. Cerebellum GP LLC boosted its position in MKS Instruments by 239.6% in the second quarter. Cerebellum GP LLC now owns 1,854 shares of the scientific and technical instruments company’s stock worth $177,000 after purchasing an additional 1,308 shares during the last quarter. Visionary Asset Management Inc. purchased a new position in MKS Instruments in the second quarter worth $209,000. Creative Planning boosted its position in MKS Instruments by 34.8% in the second quarter. Creative Planning now owns 2,423 shares of the scientific and technical instruments company’s stock worth $232,000 after purchasing an additional 625 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in MKS Instruments in the second quarter worth $240,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

About MKS Instruments

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.

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Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

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