MKS Instruments (MKSI) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of MKS Instruments (NASDAQ:MKSI) from a hold rating to a buy rating in a report issued on Saturday.

A number of other analysts have also weighed in on the stock. Deutsche Bank increased their price objective on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a buy rating in a research note on Thursday, October 26th. Stifel Nicolaus reiterated a buy rating and issued a $108.00 price objective (up previously from $98.00) on shares of MKS Instruments in a research note on Tuesday, October 24th. Dougherty & Co increased their price objective on shares of MKS Instruments from $106.00 to $115.00 and gave the stock a buy rating in a research note on Thursday, October 26th. Finally, ValuEngine lowered shares of MKS Instruments from a buy rating to a hold rating in a research note on Friday, December 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $109.75.

Shares of MKS Instruments (NASDAQ:MKSI) traded up $2.40 during trading on Friday, reaching $107.00. 662,544 shares of the company’s stock were exchanged, compared to its average volume of 357,466. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.23 and a quick ratio of 3.10. MKS Instruments has a twelve month low of $61.45 and a twelve month high of $110.60. The firm has a market cap of $5,809.56, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.06 and a beta of 1.04.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.10. The firm had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. equities research analysts anticipate that MKS Instruments will post 5.89 EPS for the current fiscal year.

In related news, Director Elizabeth Mora sold 300 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $94.10, for a total transaction of $28,230.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Seth H. Bagshaw sold 10,000 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $102.07, for a total transaction of $1,020,700.00. Following the sale, the chief financial officer now owns 11,766 shares in the company, valued at approximately $1,200,955.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,252 shares of company stock worth $3,294,887. 1.65% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in MKS Instruments by 3.5% during the second quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock valued at $327,924,000 after buying an additional 163,192 shares during the period. OxFORD Asset Management LLP acquired a new stake in MKS Instruments during the third quarter valued at $570,000. Northern Trust Corp grew its position in MKS Instruments by 4.6% during the second quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock valued at $49,954,000 after buying an additional 32,701 shares during the period. Prudential Financial Inc. grew its position in MKS Instruments by 237.7% during the third quarter. Prudential Financial Inc. now owns 360,782 shares of the scientific and technical instruments company’s stock valued at $34,076,000 after buying an additional 253,949 shares during the period. Finally, Koch Industries Inc. acquired a new stake in MKS Instruments during the second quarter valued at $358,000. Institutional investors own 95.42% of the company’s stock.

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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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