MKS Instruments (NASDAQ:MKSI) PT Raised to $135.00

MKS Instruments (NASDAQ:MKSIGet Rating) had its target price increased by Needham & Company LLC from $130.00 to $135.00 in a research report sent to investors on Friday morning, Marketbeat.com reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

A number of other research analysts also recently commented on MKSI. Wells Fargo & Company lowered their target price on MKS Instruments from $125.00 to $110.00 and set an equal weight rating on the stock in a research note on Thursday, June 23rd. Stifel Nicolaus reduced their price target on MKS Instruments from $242.00 to $230.00 in a research report on Thursday, July 28th. StockNews.com raised MKS Instruments from a hold rating to a buy rating in a research report on Thursday, July 28th. Citigroup reduced their price target on MKS Instruments from $170.00 to $140.00 in a research report on Thursday, April 28th. Finally, TheStreet cut MKS Instruments from a b- rating to a c+ rating in a research report on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, MKS Instruments has a consensus rating of Moderate Buy and an average price target of $163.57.

MKS Instruments Stock Performance

Shares of NASDAQ MKSI opened at $120.27 on Friday. The business’s 50-day moving average price is $108.79 and its two-hundred day moving average price is $128.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.14 and a quick ratio of 3.63. MKS Instruments has a one year low of $92.65 and a one year high of $181.03. The company has a market capitalization of $6.69 billion, a P/E ratio of 12.08 and a beta of 1.55.

MKS Instruments (NASDAQ:MKSIGet Rating) last issued its earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.28. MKS Instruments had a return on equity of 21.04% and a net margin of 18.44%. The firm had revenue of $765.00 million for the quarter, compared to the consensus estimate of $733.55 million. During the same quarter in the previous year, the company posted $3.02 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that MKS Instruments will post 10.53 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Monday, August 8th will be issued a $0.22 dividend. The ex-dividend date is Friday, August 5th. This represents a $0.88 annualized dividend and a yield of 0.73%. MKS Instruments’s dividend payout ratio (DPR) is 8.84%.

Hedge Funds Weigh In On MKS Instruments

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in MKS Instruments by 3.3% in the 1st quarter. BlackRock Inc. now owns 5,228,498 shares of the scientific and technical instruments company’s stock valued at $784,275,000 after acquiring an additional 168,727 shares in the last quarter. Capital International Investors raised its holdings in MKS Instruments by 4.1% in the 4th quarter. Capital International Investors now owns 4,711,201 shares of the scientific and technical instruments company’s stock valued at $820,550,000 after acquiring an additional 186,780 shares in the last quarter. Wellington Management Group LLP raised its holdings in MKS Instruments by 5.5% in the 1st quarter. Wellington Management Group LLP now owns 4,642,162 shares of the scientific and technical instruments company’s stock valued at $696,324,000 after acquiring an additional 241,134 shares in the last quarter. Victory Capital Management Inc. raised its holdings in MKS Instruments by 57.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,618,232 shares of the scientific and technical instruments company’s stock valued at $268,709,000 after acquiring an additional 956,015 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of MKS Instruments by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,299,269 shares of the scientific and technical instruments company’s stock valued at $400,464,000 after purchasing an additional 116,574 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

MKS Instruments Company Profile

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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.

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