MKS Instruments (MKSI) Rating Lowered to Hold at BidaskClub

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MKS Instruments (NASDAQ:MKSI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday, BidAskClub reports.

MKSI has been the topic of a number of other reports. Cowen reaffirmed a “buy” rating on shares of MKS Instruments in a research report on Monday, February 4th. Zacks Investment Research raised MKS Instruments from a “sell” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Tuesday, April 2nd. ValuEngine raised MKS Instruments from a “strong sell” rating to a “sell” rating in a research report on Friday, January 11th. Benchmark upped their price target on MKS Instruments from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, March 29th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price target on MKS Instruments from $100.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $112.25.

Shares of MKSI opened at $89.46 on Wednesday. MKS Instruments has a 52-week low of $56.37 and a 52-week high of $118.75. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.21 and a beta of 1.30. The company has a current ratio of 4.59, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Monday, April 29th. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.05. MKS Instruments had a return on equity of 20.38% and a net margin of 15.13%. The company had revenue of $463.60 million for the quarter, compared to analyst estimates of $460.64 million. During the same period in the prior year, the company posted $2.07 EPS. MKS Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. Sell-side analysts expect that MKS Instruments will post 6.28 earnings per share for the current fiscal year.

In related news, Director Elizabeth Mora sold 375 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $83.90, for a total transaction of $31,462.50. Following the sale, the director now directly owns 15,037 shares of the company’s stock, valued at approximately $1,261,604.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.24% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC bought a new position in MKS Instruments during the 1st quarter worth $39,000. Benjamin F. Edwards & Company Inc. grew its stake in MKS Instruments by 53.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 514 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 178 shares during the last quarter. Penserra Capital Management LLC grew its stake in MKS Instruments by 89.8% during the 4th quarter. Penserra Capital Management LLC now owns 672 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 318 shares during the last quarter. Quadrant Capital Group LLC grew its stake in MKS Instruments by 602.1% during the 1st quarter. Quadrant Capital Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $62,000 after buying an additional 584 shares during the last quarter. Finally, Dubuque Bank & Trust Co. grew its stake in MKS Instruments by 52.0% during the 4th quarter. Dubuque Bank & Trust Co. now owns 1,043 shares of the scientific and technical instruments company’s stock worth $67,000 after buying an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

About MKS Instruments

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.

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Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

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