Posted by Defense World Staff on Aug 10th, 2024
MKS Instruments, Inc. (NASDAQ:MKSI – Get Free Report) shares gapped down before the market opened on Friday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $140.00 to $120.00. The stock had previously closed at $109.97, but opened at $107.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. MKS Instruments shares last traded at $106.29, with a volume of 22,311 shares traded.
MKSI has been the topic of a number of other reports. TD Cowen boosted their target price on shares of MKS Instruments from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. KeyCorp lifted their price objective on MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Bank of America assumed coverage on MKS Instruments in a report on Wednesday, July 10th. They set a “buy” rating and a $160.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $142.00 price target on shares of MKS Instruments in a research report on Thursday. Finally, Morgan Stanley initiated coverage on MKS Instruments in a research note on Monday, August 5th. They issued an “overweight” rating and a $155.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.63.
View Our Latest Report on MKSI
Insider Activity
In other news, Director Elizabeth Mora sold 275 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $129.41, for a total value of $35,587.75. Following the transaction, the director now owns 18,209 shares of the company’s stock, valued at approximately $2,356,426.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Jacqueline F. Moloney sold 250 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $123.46, for a total transaction of $30,865.00. Following the transaction, the director now directly owns 10,533 shares in the company, valued at $1,300,404.18. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $129.41, for a total transaction of $35,587.75. Following the completion of the sale, the director now directly owns 18,209 shares of the company’s stock, valued at approximately $2,356,426.69. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.
Institutional Trading of MKS Instruments
Several institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in MKS Instruments by 5.8% in the 4th quarter. Wells Fargo & Company MN now owns 180,266 shares of the scientific and technical instruments company’s stock valued at $18,544,000 after buying an additional 9,962 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in MKS Instruments during the 1st quarter worth approximately $918,000. Norges Bank bought a new position in shares of MKS Instruments in the 4th quarter worth $117,672,000. Crestline Management LP purchased a new stake in shares of MKS Instruments in the 4th quarter valued at $3,498,000. Finally, Bessemer Group Inc. boosted its position in MKS Instruments by 7.1% during the 1st quarter. Bessemer Group Inc. now owns 78,093 shares of the scientific and technical instruments company’s stock valued at $10,387,000 after buying an additional 5,184 shares during the period. 99.79% of the stock is currently owned by institutional investors.
MKS Instruments Stock Performance
The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.34 and a current ratio of 3.69. The company’s 50-day moving average price is $128.44 and its 200 day moving average price is $124.48. The stock has a market capitalization of $7.25 billion, a PE ratio of -4.05, a PEG ratio of 1.18 and a beta of 1.65.
MKS Instruments (NASDAQ:MKSI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.51. The business had revenue of $887.00 million for the quarter, compared to the consensus estimate of $866.38 million. MKS Instruments had a negative net margin of 48.24% and a positive return on equity of 13.90%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 earnings per share. On average, equities research analysts expect that MKS Instruments, Inc. will post 4.98 earnings per share for the current fiscal year.
MKS Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 26th will be paid a $0.22 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. MKS Instruments’s dividend payout ratio is currently -3.30%.
About MKS Instruments
MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.
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