BidaskClub upgraded shares of MKS Instruments (NASDAQ:MKSI) from a sell rating to a hold rating in a report released on Wednesday.
Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus reduced their price objective on MKS Instruments from $155.00 to $146.00 and set a buy rating for the company in a report on Tuesday, October 23rd. Cowen set a $100.00 price target on MKS Instruments and gave the stock a buy rating in a research report on Wednesday, October 24th. Citigroup dropped their price target on MKS Instruments from $118.00 to $101.00 and set a buy rating for the company in a research report on Tuesday, September 25th. ValuEngine downgraded MKS Instruments from a sell rating to a strong sell rating in a research report on Wednesday, September 12th. Finally, Zacks Investment Research downgraded MKS Instruments from a hold rating to a sell rating in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $118.00.
MKSI stock traded up $0.72 during midday trading on Wednesday, hitting $73.02. 457,274 shares of the stock were exchanged, compared to its average volume of 791,147. The stock has a market cap of $3.83 billion, a PE ratio of 12.25, a P/E/G ratio of 0.74 and a beta of 1.09. MKS Instruments has a fifty-two week low of $56.37 and a fifty-two week high of $128.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.86 and a current ratio of 5.38.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.16. The firm had revenue of $487.00 million during the quarter, compared to analysts’ expectations of $492.88 million. MKS Instruments had a return on equity of 25.57% and a net margin of 18.76%. MKS Instruments’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 earnings per share. As a group, equities research analysts predict that MKS Instruments will post 7.78 earnings per share for the current year.
In other MKS Instruments news, Director Elizabeth Mora sold 375 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $79.90, for a total transaction of $29,962.50. Following the completion of the transaction, the director now owns 15,412 shares of the company’s stock, valued at $1,231,418.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.67% of the company’s stock.
Large investors have recently made changes to their positions in the company. Paradigm Asset Management Co. LLC purchased a new stake in shares of MKS Instruments in the third quarter valued at $96,000. Investment Counselors of Maryland LLC purchased a new stake in shares of MKS Instruments in the third quarter valued at $238,000. Palouse Capital Management Inc. purchased a new stake in shares of MKS Instruments in the third quarter valued at $245,000. Cerebellum GP LLC grew its position in shares of MKS Instruments by 90.9% in the fourth quarter. Cerebellum GP LLC now owns 4,151 shares of the scientific and technical instruments company’s stock valued at $268,000 after purchasing an additional 1,976 shares during the period. Finally, Gideon Capital Advisors Inc. purchased a new stake in shares of MKS Instruments in the third quarter valued at $312,000. 91.49% of the stock is owned by institutional investors and hedge funds.
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.
Featured Article: The Discount Rate – What You Need to Know
Receive News & Ratings for MKS Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments and related companies with MarketBeat.com's FREE daily email newsletter.