MKS Instruments (NASDAQ:MKSI) Price Target Lowered to $145.00 at Benchmark

MKS Instruments (NASDAQ:MKSIGet Rating) had its price target decreased by Benchmark from $172.00 to $145.00 in a report issued on Monday, The Fly reports. Benchmark currently has a buy rating on the scientific and technical instruments company’s stock.

Several other equities analysts have also weighed in on the stock. Needham & Company LLC lifted their target price on shares of MKS Instruments from $130.00 to $135.00 and gave the company a buy rating in a report on Friday, July 29th. TheStreet lowered shares of MKS Instruments from a b- rating to a c+ rating in a report on Tuesday, July 12th. StockNews.com cut shares of MKS Instruments from a buy rating to a hold rating in a research note on Friday, September 2nd. Wells Fargo & Company dropped their price target on shares of MKS Instruments from $110.00 to $105.00 and set an equal weight rating on the stock in a research note on Thursday, September 1st. Finally, Stifel Nicolaus dropped their price target on shares of MKS Instruments from $242.00 to $230.00 in a research note on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $160.63.

MKS Instruments Stock Performance

MKSI opened at $90.47 on Monday. MKS Instruments has a 12-month low of $87.67 and a 12-month high of $181.03. The company has a current ratio of 5.14, a quick ratio of 3.63 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.04 billion, a PE ratio of 9.08 and a beta of 1.57. The firm has a 50 day moving average of $106.64 and a two-hundred day moving average of $116.81.

MKS Instruments (NASDAQ:MKSIGet Rating) last posted its earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.28. The firm had revenue of $765.00 million during the quarter, compared to analyst estimates of $733.55 million. MKS Instruments had a net margin of 18.44% and a return on equity of 21.04%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.02 EPS. On average, analysts anticipate that MKS Instruments will post 10.74 EPS for the current year.

MKS Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 8th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, August 5th. This represents a $0.88 annualized dividend and a yield of 0.97%. MKS Instruments’s dividend payout ratio (DPR) is presently 8.84%.

Insiders Place Their Bets

In other MKS Instruments news, Director Peter Cannone III bought 250 shares of the stock in a transaction on Monday, August 1st. The shares were bought at an average price of $120.06 per share, with a total value of $30,015.00. Following the purchase, the director now directly owns 3,142 shares in the company, valued at approximately $377,228.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. New Century Advisors LLC boosted its position in shares of MKS Instruments by 101.3% during the 2nd quarter. New Century Advisors LLC now owns 314 shares of the scientific and technical instruments company’s stock valued at $32,000 after acquiring an additional 158 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of MKS Instruments by 56.3% during the 1st quarter. Fifth Third Bancorp now owns 236 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 85 shares during the last quarter. CWM LLC boosted its position in shares of MKS Instruments by 869.2% during the 1st quarter. CWM LLC now owns 252 shares of the scientific and technical instruments company’s stock valued at $38,000 after acquiring an additional 226 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new position in shares of MKS Instruments during the 2nd quarter valued at about $38,000. Finally, Janiczek Wealth Management LLC raised its holdings in MKS Instruments by 3,190.9% in the 2nd quarter. Janiczek Wealth Management LLC now owns 362 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 351 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

MKS Instruments Company Profile

(Get Rating)

MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products.

Read More

The Fly logo

Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

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.