“The Newport transaction not only diversifies the revenue base to an even 50/50 split of semi and non-semi business, but it also opens the door to new customers in the semiconductor space.,” Citigroup Inc.’s analyst wrote.
A number of other research analysts have also recently commented on the company. Pacific Crest restated 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. Finally, Zacks Investment Research cut MKS Instruments from a strong-buy rating to a hold rating in a research note on Tuesday, September 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $48.80.
MKS Instruments (NASDAQ:MKSI) opened at 48.58 on Wednesday. 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 $48.64 and a 200-day moving average price of $43.29. The company has a market cap of $2.60 billion, a P/E ratio of 31.77 and a beta of 1.18.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.24. The company earned $325.90 million during 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 firm’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. Equities research analysts anticipate that MKS Instruments will post $2.68 EPS for the current fiscal year.
In other MKS Instruments news, VP Brian Charles Quirk sold 1,000 shares of MKS Instruments stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $49.36, for a total value of $49,360.00. Following the completion of the sale, the vice president now owns 11,210 shares of the company’s stock, valued at approximately $553,325.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerard G. Colella sold 5,000 shares of MKS Instruments stock in a transaction on Monday, August 1st. The stock was sold at an average price of $45.71, for a total value of $228,550.00. Following the completion of the sale, the chief executive officer now directly owns 42,900 shares of the company’s stock, valued at approximately $1,960,959. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Simplex Trading LLC raised its stake in MKS Instruments by 464.9% in the third quarter. Simplex Trading LLC now owns 2,830 shares of the company’s stock worth $140,000 after buying an additional 2,329 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in MKS Instruments by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,843 shares of the company’s stock worth $122,000 after buying an additional 219 shares during the last quarter. BlackRock Inc. raised its stake in MKS Instruments by 131.5% in the first quarter. BlackRock Inc. now owns 3,664 shares of the company’s stock worth $137,000 after buying an additional 2,081 shares during the last quarter. Bank of Montreal Can acquired a new stake in MKS Instruments during the second quarter worth approximately $167,000. Finally, Invictus RG acquired a new stake in MKS Instruments during the first quarter worth approximately $160,000. 99.16% of the stock is owned by institutional investors and hedge funds.
MKS Instruments Company Profile
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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