MKS Instruments, Inc. (NASDAQ:MKSI) Given New $115.00 Price Target at Dougherty & Co

MKS Instruments, Inc. (NASDAQ:MKSI) had its price objective upped by analysts at Dougherty & Co from $106.00 to $115.00 in a research report issued on Thursday, October 26th, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. Dougherty & Co’s price objective suggests a potential upside of 11.22% from the stock’s previous close. Dougherty & Co also issued estimates for MKS Instruments’ FY2017 earnings at $5.32 EPS and FY2018 earnings at $5.98 EPS.

Several other equities research analysts have also recently issued reports on MKSI. Deutsche Bank AG boosted their price objective on shares of MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Stifel Nicolaus reissued a “buy” rating and issued a $108.00 price objective (up from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. KeyCorp reissued an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $109.75.

MKS Instruments (MKSI) opened at $103.40 on Thursday. The company has a market cap of $5,654.78, a PE ratio of 19.69, a P/E/G ratio of 1.13 and a beta of 1.11. MKS Instruments has a fifty-two week low of $53.51 and a fifty-two week high of $110.60. The company has a current ratio of 4.23, a quick ratio of 3.10 and a debt-to-equity ratio of 0.29.

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

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In other news, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $107.90, for a total value of $215,800.00. Following the completion of the sale, the vice president now owns 13,785 shares of the company’s stock, valued at approximately $1,487,401.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the sale, the chief financial officer now directly owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,213 shares of company stock valued at $1,128,879. 1.65% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new stake in shares of MKS Instruments in the 3rd quarter worth approximately $258,000. Advantage Investment Management LLC lifted its position in shares of MKS Instruments by 65.5% in the 3rd quarter. Advantage Investment Management LLC now owns 2,393 shares of the scientific and technical instruments company’s stock worth $226,000 after purchasing an additional 947 shares during the period. Allianz Asset Management GmbH lifted its position in shares of MKS Instruments by 121.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 869,399 shares of the scientific and technical instruments company’s stock worth $82,115,000 after purchasing an additional 476,810 shares during the period. Nicholas Investment Partners LP purchased a new stake in shares of MKS Instruments in the 3rd quarter worth approximately $3,016,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of MKS Instruments in the 3rd quarter worth approximately $570,000. 97.24% of the stock is owned by hedge funds and other institutional investors.

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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