MKS Instruments (NASDAQ:MKSI) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of MKS Instruments (NASDAQ:MKSIGet Rating) from a buy rating to a hold rating in a research note issued to investors on Friday.

A number of other analysts have also recently commented on MKSI. Needham & Company LLC upped their price target on MKS Instruments from $130.00 to $135.00 and gave the stock a buy rating in a research report on Friday, July 29th. Wells Fargo & Company cut their target price on MKS Instruments from $125.00 to $110.00 and set an equal weight rating for the company in a research report on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft cut their target price on MKS Instruments from $150.00 to $125.00 in a research report on Monday, July 18th. Citigroup cut their target price on MKS Instruments from $170.00 to $140.00 in a research report on Thursday, April 28th. Finally, TheStreet cut MKS Instruments from a b- rating to a c+ rating in a research report on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $163.57.

MKS Instruments Stock Down 2.3 %

MKSI stock opened at $120.65 on Friday. MKS Instruments has a fifty-two week low of $92.65 and a fifty-two week high of $181.03. The business’s 50-day moving average is $108.98 and its two-hundred day moving average is $127.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.63 and a current ratio of 5.14. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 12.11 and a beta of 1.55.

MKS Instruments (NASDAQ:MKSIGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.28. The business had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $733.55 million. MKS Instruments had a return on equity of 21.04% and a net margin of 18.44%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.02 earnings per share. As a group, analysts forecast that MKS Instruments will post 10.74 earnings per share for the current year.

MKS Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 8th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, August 5th. MKS Instruments’s dividend payout ratio is currently 8.84%.

Insider Buying and Selling

In other news, Director Peter Cannone III acquired 250 shares of MKS Instruments stock in a transaction on Monday, August 1st. The shares were bought at an average cost of $120.06 per share, for a total transaction of $30,015.00. Following the acquisition, the director now directly owns 3,142 shares of the company’s stock, valued at approximately $377,228.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MKSI. Sageworth Trust Co of South Dakota purchased a new position in MKS Instruments during the 4th quarter worth $25,000. National Bank of Canada FI acquired a new position in shares of MKS Instruments in the 4th quarter valued at about $31,000. New Century Advisors LLC lifted its holdings in shares of MKS Instruments by 101.3% in the 2nd quarter. New Century Advisors LLC now owns 314 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 158 shares during the period. Fifth Third Bancorp raised its holdings in MKS Instruments by 56.3% in the 1st quarter. Fifth Third Bancorp now owns 236 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 85 shares during the period. Finally, UMB Bank N A MO acquired a new position in MKS Instruments in the 4th quarter worth about $37,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

MKS Instruments Company Profile

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MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products.

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Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

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