StockNews.com Lowers MKS Instruments (NASDAQ:MKSI) to Hold

MKS Instruments (NASDAQ:MKSIGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also issued reports on MKSI. Deutsche Bank Aktiengesellschaft reduced their target price on shares of MKS Instruments from $150.00 to $125.00 in a research note on Monday, July 18th. Needham & Company LLC raised their target price on shares of MKS Instruments from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Citigroup cut their price target on shares of MKS Instruments from $170.00 to $140.00 in a research report on Thursday, April 28th. Stifel Nicolaus cut their price target on shares of MKS Instruments from $242.00 to $230.00 in a research report on Thursday, July 28th. Finally, Wells Fargo & Company cut their price target on shares of MKS Instruments from $125.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.57.

MKS Instruments Stock Up 1.9 %

Shares of NASDAQ:MKSI opened at $123.77 on Friday. The firm has a market cap of $6.89 billion, a P/E ratio of 12.43 and a beta of 1.55. The company has a quick ratio of 3.63, a current ratio of 5.14 and a debt-to-equity ratio of 0.26. MKS Instruments has a 12 month low of $92.65 and a 12 month high of $181.03. The company’s 50-day moving average price is $109.02 and its two-hundred day moving average price is $127.96.

MKS Instruments (NASDAQ:MKSIGet Rating) last issued its earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.28. The company had revenue of $765.00 million for 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 company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.02 EPS. As a group, research analysts forecast that MKS Instruments will post 10.69 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Peter Cannone III bought 250 shares of the company’s stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of $120.06 per share, for a total transaction of $30,015.00. Following the acquisition, the director now owns 3,142 shares of the company’s stock, valued at approximately $377,228.52. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On MKS Instruments

Several hedge funds have recently made changes to their positions in MKSI. Victory Capital Management Inc. grew its stake in shares of MKS Instruments by 564.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,662,217 shares of the scientific and technical instruments company’s stock worth $248,898,000 after acquiring an additional 1,412,135 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of MKS Instruments by 469.7% during the 4th quarter. William Blair Investment Management LLC now owns 692,650 shares of the scientific and technical instruments company’s stock worth $120,639,000 after acquiring an additional 571,074 shares in the last quarter. Cooke & Bieler LP grew its stake in shares of MKS Instruments by 66.8% in the second quarter. Cooke & Bieler LP now owns 1,366,598 shares of the scientific and technical instruments company’s stock valued at $140,254,000 after buying an additional 547,410 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of MKS Instruments in the second quarter valued at $31,508,000. Finally, Wellington Management Group LLP grew its stake in shares of MKS Instruments by 5.5% in the first 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 buying an additional 241,134 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

About MKS Instruments

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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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Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

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