MKS Instruments (NASDAQ:MKSI) Price Target Raised to $140.00

MKS Instruments (NASDAQ:MKSIFree Report) had its price target increased by KeyCorp from $115.00 to $140.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

MKSI has been the subject of several other reports. StockNews.com cut MKS Instruments from a hold rating to a sell rating in a report on Wednesday, February 7th. Needham & Company LLC upped their price target on MKS Instruments from $120.00 to $125.00 and gave the company a buy rating in a research note on Thursday. Finally, TheStreet raised MKS Instruments from a d+ rating to a c- rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, MKS Instruments currently has a consensus rating of Moderate Buy and a consensus price target of $118.83.

Check Out Our Latest Report on MKSI

MKS Instruments Stock Up 5.0 %

Shares of NASDAQ:MKSI opened at $119.80 on Friday. MKS Instruments has a 52 week low of $63.44 and a 52 week high of $120.34. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.11 and a current ratio of 2.99. The company’s fifty day moving average is $101.35 and its 200-day moving average is $91.07. The company has a market capitalization of $8.01 billion, a PE ratio of -4.35, a P/E/G ratio of 3.60 and a beta of 1.65.

MKS Instruments (NASDAQ:MKSIGet Free Report) last issued its earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.89 by $0.28. MKS Instruments had a negative net margin of 50.80% and a positive return on equity of 9.95%. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $845.25 million. During the same quarter in the previous year, the company earned $2.00 EPS. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities research analysts predict that MKS Instruments will post 4.96 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Monday, February 26th will be given a $0.22 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.73%. MKS Instruments’s dividend payout ratio is presently -3.19%.

Insider Activity at MKS Instruments

In other MKS Instruments news, Director Gerard G. Colella sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the director now owns 78,017 shares of the company’s stock, valued at approximately $8,581,870. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MKS Instruments news, Director Elizabeth Mora sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $100.90, for a total transaction of $25,225.00. Following the completion of the transaction, the director now owns 17,112 shares of the company’s stock, valued at approximately $1,726,600.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gerard G. Colella sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the transaction, the director now directly owns 78,017 shares of the company’s stock, valued at approximately $8,581,870. The disclosure for this sale can be found here. In the last three months, insiders sold 10,500 shares of company stock worth $1,145,783. 0.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On MKS Instruments

A number of large investors have recently bought and sold shares of MKSI. Covestor Ltd boosted its holdings in shares of MKS Instruments by 19.1% in the 1st quarter. Covestor Ltd now owns 692 shares of the scientific and technical instruments company’s stock valued at $104,000 after buying an additional 111 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of MKS Instruments by 73.5% in the 1st quarter. Belpointe Asset Management LLC now owns 295 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Eqis Capital Management Inc. boosted its holdings in shares of MKS Instruments by 4.7% in the 1st quarter. Eqis Capital Management Inc. now owns 2,811 shares of the scientific and technical instruments company’s stock valued at $422,000 after buying an additional 125 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in MKS Instruments by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 29,144 shares of the scientific and technical instruments company’s stock valued at $2,522,000 after acquiring an additional 140 shares during the period. Finally, Scotia Capital Inc. raised its stake in MKS Instruments by 2.3% in the 3rd quarter. Scotia Capital Inc. now owns 7,261 shares of the scientific and technical instruments company’s stock valued at $628,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 99.25% of the company’s stock.

MKS Instruments Company Profile

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

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Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

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