BidaskClub cut shares of MKS Instruments (NASDAQ:MKSI) from a strong-buy rating to a buy rating in a report published on Saturday morning.
Other analysts have also recently issued research reports about the stock. Dougherty & Co raised their price objective on shares of MKS Instruments from $106.00 to $115.00 and gave the company a buy rating in a research report on Thursday, October 26th. Deutsche Bank raised their price objective on shares of MKS Instruments from $104.00 to $116.00 and gave the company a buy rating in a research report on Thursday, October 26th. Stifel Nicolaus restated a buy rating and set a $108.00 price objective (up previously from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. ValuEngine cut shares of MKS Instruments from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, KeyCorp restated an outperform rating and set a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. MKS Instruments currently has a consensus rating of Buy and a consensus target price of $109.75.
MKS Instruments (MKSI) opened at $91.05 on Friday. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29. MKS Instruments has a fifty-two week low of $56.10 and a fifty-two week high of $110.60. The company has a market cap of $4,860.00, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.04.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.10. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The firm had revenue of $486.27 million during the quarter, compared to the consensus estimate of $476.24 million. During the same period last year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. equities research analysts anticipate that MKS Instruments will post 5.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, November 24th. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. MKS Instruments’s dividend payout ratio (DPR) is presently 12.88%.
In related news, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total value of $643,500.00. Following the transaction, the chief financial officer now owns 21,615 shares in the company, valued at approximately $1,854,567. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of MKS Instruments stock in a transaction on Monday, November 6th. The stock was sold at an average price of $107.90, for a total transaction of $215,800.00. Following the completion of the transaction, the vice president now owns 13,785 shares in the company, valued at approximately $1,487,401.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,913 shares of company stock worth $1,107,324. 1.65% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Krilogy Financial LLC purchased a new position in shares of MKS Instruments in the third quarter valued at about $144,000. Riverhead Capital Management LLC increased its position in shares of MKS Instruments by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after acquiring an additional 863 shares during the period. Bridgeworth LLC purchased a new position in shares of MKS Instruments in the third quarter valued at about $203,000. Greenwood Capital Associates LLC purchased a new position in shares of MKS Instruments in the third quarter valued at about $204,000. Finally, Creative Planning increased its position in shares of MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after acquiring an additional 416 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.
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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