MKS Instruments Inc. (NASDAQ:MKSI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “MKS Instruments is presently boosting its revenues and margins on the back of favorable business conditions in the semiconductor and other advanced markets. The strategic acquisition of Newport Corporation is also expected to bolster near-term revenues and margins. Also, the new operating model is expected to enhance near term profitability. However, stiff competition, appreciation of U.S. currency or supply chain issues might limit near term growth. Over the last 60 days, Zacks Consensus Estimate for the company has not changed been for both 2016 and 2017.”
Several other research analysts have also recently issued reports on MKSI. Pacific Crest reissued a “buy” rating on shares of MKS Instruments in a research note on Monday, July 11th. Dougherty & Co cut MKS Instruments from a “buy” rating to a “neutral” rating in a research note on Thursday, July 28th.
MKS Instruments (NASDAQ:MKSI) opened at 50.09 on Tuesday. MKS Instruments has a 52 week low of $29.00 and a 52 week high of $54.73. The firm has a 50-day moving average price of $48.13 and a 200 day moving average price of $42.24. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 32.76 and a beta of 1.17.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.24. The firm had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $288.62 million. MKS Instruments had a return on equity of 9.33% and a net margin of 9.21%. The company’s quarterly revenue was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities research analysts forecast that MKS Instruments will post $2.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 29th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, August 25th. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. MKS Instruments’s dividend payout ratio is currently 44.16%.
In other MKS Instruments news, CEO Gerard G. Colella sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $47.11, for a total transaction of $235,550.00. Following the completion of the sale, the chief executive officer now owns 37,900 shares in the company, valued at $1,785,469. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John Tseng-Chung Lee sold 9,955 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $46.36, for a total value of $461,513.80. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Mesirow Financial Investment Management Equity Management raised its stake in MKS Instruments by 1,064.2% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 506,010 shares of the company’s stock worth $21,788,000 after buying an additional 462,547 shares in the last quarter. Wellington Management Group LLP raised its stake in MKS Instruments by 23.7% in the first quarter. Wellington Management Group LLP now owns 1,976,633 shares of the company’s stock worth $74,420,000 after buying an additional 378,100 shares in the last quarter. Neuberger Berman Group LLC raised its stake in MKS Instruments by 39.3% in the second quarter. Neuberger Berman Group LLC now owns 1,296,952 shares of the company’s stock worth $55,847,000 after buying an additional 365,802 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in MKS Instruments by 23.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,786,097 shares of the company’s stock worth $76,910,000 after buying an additional 339,591 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in MKS Instruments during the second quarter worth $10,173,000. Institutional investors own 99.16% of the company’s stock.
About MKS Instruments
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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