A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 target price on the stock. in a research note on Thursday, July 25th. Susquehanna Bancshares assumed coverage on MKS Instruments in a report on Wednesday, May 15th. They issued a “positive” rating and a $123.00 price target for the company. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $112.11.
NASDAQ:MKSI traded down $0.23 on Wednesday, reaching $94.31. 10,059 shares of the company’s stock were exchanged, compared to its average volume of 423,585. The company has a quick ratio of 3.12, a current ratio of 4.80 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.88 and a beta of 1.46. The business has a fifty day moving average of $80.07 and a 200-day moving average of $83.00. MKS Instruments has a 52-week low of $56.37 and a 52-week high of $103.86.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. MKS Instruments had a net margin of 11.41% and a return on equity of 16.34%. The firm had revenue of $474.11 million for the quarter, compared to analyst estimates of $483.27 million. During the same period in the prior year, the firm earned $2.33 earnings per share. The business’s quarterly revenue was down 17.3% compared to the same quarter last year. As a group, equities analysts anticipate that MKS Instruments will post 4.03 earnings per share for the current year.
In related news, Director Jacqueline F. Moloney sold 603 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $81.98, for a total value of $49,433.94. Following the completion of the transaction, the director now directly owns 7,692 shares of the company’s stock, valued at $630,590.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.24% of the company’s stock.
Several hedge funds have recently bought and sold shares of MKSI. Geode Capital Management LLC boosted its holdings in shares of MKS Instruments by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 584,620 shares of the scientific and technical instruments company’s stock valued at $37,772,000 after acquiring an additional 35,731 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of MKS Instruments by 68.6% during the first quarter. Janney Montgomery Scott LLC now owns 13,422 shares of the scientific and technical instruments company’s stock worth $1,249,000 after purchasing an additional 5,461 shares during the period. Rhumbline Advisers lifted its holdings in shares of MKS Instruments by 0.4% during the first quarter. Rhumbline Advisers now owns 146,309 shares of the scientific and technical instruments company’s stock worth $13,614,000 after purchasing an additional 598 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of MKS Instruments by 12.4% during the first quarter. Crossmark Global Holdings Inc. now owns 4,809 shares of the scientific and technical instruments company’s stock worth $447,000 after purchasing an additional 530 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of MKS Instruments by 6.2% during the first quarter. California Public Employees Retirement System now owns 100,191 shares of the scientific and technical instruments company’s stock worth $9,323,000 after purchasing an additional 5,854 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.
MKS Instruments Company Profile
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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