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

MKS Instruments (NASDAQ:MKSI) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities research analysts have also recently issued reports about the stock. ValuEngine cut shares of MKS Instruments from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $108.00 target price (up from $98.00) on shares of MKS Instruments in a report on Tuesday, October 24th. Deutsche Bank upped their target price on shares of MKS Instruments from $104.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Dougherty & Co upped their target price on shares of MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $109.75.

Shares of MKS Instruments (NASDAQ:MKSI) opened at $107.00 on Friday. The company has a quick ratio of 3.10, a current ratio of 4.23 and a debt-to-equity ratio of 0.29. The stock has a market cap of $5,810.00, a PE ratio of 19.14, a PEG ratio of 1.02 and a beta of 1.04. MKS Instruments has a fifty-two week low of $61.45 and a fifty-two week high of $110.60.

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

In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $107.90, for a total value of $215,800.00. Following the transaction, the vice president now directly owns 13,785 shares of the company’s stock, valued at approximately $1,487,401.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Seth H. Bagshaw sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 11,766 shares in the company, valued at $1,200,955.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,252 shares of company stock worth $3,294,887. 1.65% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in MKS Instruments by 3.5% in the 2nd 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 acquiring an additional 163,192 shares during the period. OxFORD Asset Management LLP bought a new position in MKS Instruments in the 3rd quarter valued at about $570,000. Northern Trust Corp raised its holdings in MKS Instruments by 4.6% in the 2nd quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock valued at $49,954,000 after acquiring an additional 32,701 shares during the period. Prudential Financial Inc. raised its holdings in MKS Instruments by 237.7% in the 3rd quarter. Prudential Financial Inc. now owns 360,782 shares of the scientific and technical instruments company’s stock valued at $34,076,000 after acquiring an additional 253,949 shares during the period. Finally, Koch Industries Inc. bought a new position in MKS Instruments in the 2nd quarter valued at about $358,000. 95.42% of the stock is currently owned by hedge funds and other institutional investors.

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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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