Stock analysts at Susquehanna Bancshares started coverage on shares of MKS Instruments (NASDAQ:MKSI) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “positive” rating and a $123.00 price target on the scientific and technical instruments company’s stock. Susquehanna Bancshares’ price objective would indicate a potential upside of 53.51% from the company’s current price.
Other analysts also recently issued reports about the company. Stifel Nicolaus increased their price target on MKS Instruments from $100.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. DA Davidson increased their price target on MKS Instruments to $105.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. ValuEngine upgraded MKS Instruments from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Deutsche Bank increased their price target on MKS Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Cowen reiterated an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of MKS Instruments in a report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $113.44.
NASDAQ MKSI opened at $80.13 on Wednesday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 10.23, a P/E/G ratio of 1.28 and a beta of 1.30. MKS Instruments has a twelve month low of $56.37 and a twelve month high of $118.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.59 and a quick ratio of 2.98.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.05. MKS Instruments had a return on equity of 20.38% and a net margin of 15.13%. The firm had revenue of $463.60 million during the quarter, compared to the consensus estimate of $460.64 million. During the same period last year, the business posted $2.07 EPS. The business’s revenue was down 16.4% compared to the same quarter last year. On average, sell-side analysts anticipate that MKS Instruments will post 5.33 EPS for the current fiscal year.
In other news, Director Elizabeth Mora sold 375 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $83.90, for a total transaction of $31,462.50. Following the transaction, the director now owns 15,037 shares of the company’s stock, valued at approximately $1,261,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.24% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its position in MKS Instruments by 53.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 514 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 178 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in MKS Instruments in the 1st quarter valued at about $39,000. Penserra Capital Management LLC lifted its position in MKS Instruments by 89.8% in the 4th quarter. Penserra Capital Management LLC now owns 672 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 318 shares in the last quarter. Ferris Capital LLC bought a new position in MKS Instruments in the 1st quarter valued at about $44,000. Finally, AlphaOne Investment Services LLC bought a new position in MKS Instruments in the 1st quarter valued at about $45,000. 93.40% of the stock is currently owned by institutional investors.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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