MKS Instruments, Inc. (NASDAQ:MKSI) - KeyCorp upped their Q3 2017 earnings estimates for MKS Instruments in a note issued to investors on Wednesday. KeyCorp analyst W. Twigg now anticipates that the scientific and technical instruments company will post earnings of $1.44 per share for the quarter, up from their prior forecast of $1.28. KeyCorp also issued estimates for MKS Instruments’ Q4 2017 earnings at $1.30 EPS, FY2017 earnings at $5.42 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.54 EPS and FY2018 earnings at $5.90 EPS.
Other research analysts have also recently issued reports about the company. Deutsche Bank AG started coverage on MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 target price for the company. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Dougherty & Co reaffirmed a “buy” rating and set a $100.00 price objective (up from $86.00) on shares of MKS Instruments in a research report on Friday, April 28th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $81.00 target price (up from $71.00) on shares of MKS Instruments in a research report on Friday, April 28th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $84.00.
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MKS Instruments (MKSI) opened at 83.35 on Friday. MKS Instruments has a 52-week low of $44.82 and a 52-week high of $88.40. The stock’s 50 day moving average price is $75.48 and its 200-day moving average price is $72.10. The company has a market cap of $4.52 billion, a P/E ratio of 17.31 and a beta of 1.02.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business had revenue of $481 million for the quarter, compared to analyst estimates of $463.86 million. During the same quarter last year, the firm posted $0.72 earnings per share. The business’s revenue was up 47.6% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock worth $151,000 after buying an additional 712 shares during the period. 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 worth $151,000 after buying an additional 416 shares during the period. Suntrust Banks Inc. acquired a new position in shares of MKS Instruments during the first quarter worth about $209,000. Piedmont Investment Advisors LLC acquired a new position in shares of MKS Instruments during the first quarter worth about $221,000. Finally, Intrust Bank NA acquired a new position in shares of MKS Instruments during the first quarter worth about $228,000. 98.22% of the stock is owned by institutional investors and hedge funds.
In other news, Director Richard S. Chute sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $80.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now directly owns 11,604 shares of the company’s stock, valued at approximately $928,320. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory R. Beecher sold 18,400 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $78.58, for a total value of $1,445,872.00. Following the transaction, the director now directly owns 22,615 shares of the company’s stock, valued at $1,777,086.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,810 shares of company stock valued at $2,520,987. Company insiders own 1.65% of the company’s stock.
MKS Instruments Company Profile
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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