Cowen Analysts Give MKS Instruments (MKSI) a $100.00 Price Target

Cowen set a $100.00 price objective on MKS Instruments (NASDAQ:MKSI) in a research note published on Wednesday. The brokerage currently has a buy rating on the scientific and technical instruments company’s stock.

Other equities analysts have also recently issued reports about the stock. Citigroup cut their target price on shares of MKS Instruments from $122.00 to $118.00 and set a buy rating for the company in a research note on Monday, July 30th. KeyCorp restated a buy rating and issued a $135.00 price objective on shares of MKS Instruments in a research note on Thursday, July 26th. Benchmark restated a buy rating and issued a $125.00 price objective on shares of MKS Instruments in a research note on Thursday, July 26th. BidaskClub upgraded shares of MKS Instruments from a hold rating to a buy rating in a research note on Tuesday, July 10th. Finally, Stifel Nicolaus dropped their price objective on shares of MKS Instruments from $155.00 to $146.00 and set a buy rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $118.00.

Shares of NASDAQ MKSI traded down $2.17 during trading hours on Wednesday, hitting $70.78. 610,180 shares of the stock were exchanged, compared to its average volume of 527,551. The company has a current ratio of 5.38, a quick ratio of 3.66 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.00 billion, a P/E ratio of 9.13, a P/E/G ratio of 0.78 and a beta of 0.88. MKS Instruments has a one year low of $67.83 and a one year high of $128.28.



MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, October 23rd. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.16. The business had revenue of $487.00 million during the quarter, compared to the consensus estimate of $492.88 million. MKS Instruments had a net margin of 18.76% and a return on equity of 25.57%. MKS Instruments’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 EPS. Equities research analysts forecast that MKS Instruments will post 7.78 EPS for the current fiscal year.

In other news, Director Elizabeth Mora sold 375 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $92.50, for a total value of $34,687.50. Following the sale, the director now owns 15,787 shares of the company’s stock, valued at approximately $1,460,297.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Hanley sold 1,240 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $94.39, for a total transaction of $117,043.60. Following the completion of the sale, the director now directly owns 1,501 shares in the company, valued at approximately $141,679.39. The disclosure for this sale can be found here. Corporate insiders own 1.67% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in MKS Instruments by 38.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,393,902 shares of the scientific and technical instruments company’s stock worth $133,396,000 after acquiring an additional 385,102 shares during the last quarter. Royce & Associates LP grew its holdings in MKS Instruments by 5.3% during the 2nd quarter. Royce & Associates LP now owns 1,000,897 shares of the scientific and technical instruments company’s stock worth $95,786,000 after acquiring an additional 50,368 shares during the last quarter. Wells Fargo & Company MN grew its holdings in MKS Instruments by 1.8% during the 2nd quarter. Wells Fargo & Company MN now owns 930,267 shares of the scientific and technical instruments company’s stock worth $89,028,000 after acquiring an additional 16,878 shares during the last quarter. Principal Financial Group Inc. grew its holdings in MKS Instruments by 26.4% during the 1st quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock worth $103,804,000 after acquiring an additional 187,491 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in MKS Instruments by 2,397.4% during the 2nd quarter. Millennium Management LLC now owns 531,926 shares of the scientific and technical instruments company’s stock worth $50,905,000 after acquiring an additional 510,627 shares during the last quarter. 91.15% of the stock is currently owned by institutional investors and hedge funds.

About MKS Instruments

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

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Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

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