MKS Instruments (NASDAQ:MKSI) PT Lowered to $110.00 at Wells Fargo & Company

MKS Instruments (NASDAQ:MKSI) had its target price cut by Wells Fargo & Company from $120.00 to $110.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the scientific and technical instruments company’s stock.

Other analysts have also issued research reports about the company. Cantor Fitzgerald started coverage on MKS Instruments in a report on Tuesday, September 10th. They issued an overweight rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of MKS Instruments from $140.00 to $120.00 and set a hold rating on the stock in a research report on Friday, August 9th. Needham & Company LLC increased their price target on shares of MKS Instruments from $153.00 to $156.00 and gave the company a buy rating in a report on Friday, August 9th. The Goldman Sachs Group initiated coverage on shares of MKS Instruments in a report on Tuesday, September 3rd. They set a neutral rating and a $129.00 price objective on the stock. Finally, TD Cowen increased their target price on shares of MKS Instruments from $150.00 to $160.00 and gave the company a buy rating in a research note on Wednesday, June 12th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, MKS Instruments currently has a consensus rating of Moderate Buy and an average target price of $141.09.

MKS Instruments Trading Up 0.9 %

NASDAQ:MKSI opened at $105.86 on Thursday. The company’s 50 day moving average is $112.18 and its 200-day moving average is $122.54. The company has a quick ratio of 2.31, a current ratio of 3.58 and a debt-to-equity ratio of 2.16. MKS Instruments has a 12 month low of $63.44 and a 12 month high of $147.40. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of -3.97, a P/E/G ratio of 0.77 and a beta of 1.63.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.51. The business had revenue of $887.00 million for the quarter, compared to analyst estimates of $866.38 million. MKS Instruments had a net margin of 0.25% and a return on equity of 14.91%. MKS Instruments’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business posted $1.32 EPS. Equities analysts anticipate that MKS Instruments will post 5.6 EPS for the current year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, August 26th. MKS Instruments’s dividend payout ratio is -3.30%.

Insider Buying and Selling at MKS Instruments

In related news, EVP John Edward Williams sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $118.71, for a total transaction of $213,678.00. Following the completion of the transaction, the executive vice president now owns 13 shares in the company, valued at $1,543.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John Edward Williams sold 1,800 shares of MKS Instruments stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.71, for a total transaction of $213,678.00. Following the completion of the transaction, the executive vice president now directly owns 13 shares of the company’s stock, valued at $1,543.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total transaction of $31,891.75. Following the completion of the transaction, the director now owns 17,934 shares in the company, valued at approximately $2,079,805.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,575 shares of company stock valued at $303,660. 0.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MKS Instruments

Several institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB grew its holdings in MKS Instruments by 143.1% during the 1st quarter. Nordea Investment Management AB now owns 2,141,676 shares of the scientific and technical instruments company’s stock worth $282,102,000 after acquiring an additional 1,260,792 shares during the last quarter. Shellback Capital LP bought a new stake in shares of MKS Instruments during the second quarter worth $34,541,000. Millennium Management LLC lifted its stake in shares of MKS Instruments by 219.5% during the second quarter. Millennium Management LLC now owns 348,024 shares of the scientific and technical instruments company’s stock valued at $45,445,000 after acquiring an additional 239,099 shares during the period. Mizuho Markets Americas LLC bought a new position in MKS Instruments in the second quarter valued at about $23,171,000. Finally, Natixis Advisors LLC increased its position in MKS Instruments by 239.2% in the second quarter. Natixis Advisors LLC now owns 247,695 shares of the scientific and technical instruments company’s stock worth $32,344,000 after purchasing an additional 174,675 shares during the period. Institutional investors own 99.79% of the company’s stock.

MKS Instruments Company Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.