MKS Instruments (NASDAQ:MKSI) received a new $120.00 target price at Wells Fargo & Company

VaselineAugust 12, 2024

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MKS Instruments (NASDAQ:MKSI – Free Report) Wells Fargo & Company cut their price target on the stock from $135.00 to $120.00 in a research note on Friday, Benzinga reports. The brokerage currently has an equal stake in the scientific and technical instruments company’s stock.

Other research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $140.00 target price on shares of MKS Instruments in a report on Thursday, June 20th. Morgan Stanley assumed coverage on MKS Instruments in a report on Monday, August 5th. They set an overweight rating and a $155.00 price target on the stock. Bank of America assumed coverage on shares of MKS Instruments in a research note on Wednesday, July 10th. They set a buy rating and a $160.00 price objective on the stock. Needham & Company LLC upped their price target on shares of MKS Instruments from $153.00 to $156.00 and gave the company a buy rating in a research report on Friday. Finally, 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat , MKS Instruments presently has an average rating of Moderate Buy and an average target price of $146.63.

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MKS Instruments trading down 1.7%

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NASDAQ:MKSI opened at $108.13 on Friday. The company has a current ratio of 3.69, a quick ratio of 2.34, and a debt-to-equity ratio of 1.94. MKS Instruments has a 12-month low of $63.44 and a 12-month high of $147.40. The firm has a market cap of $7.25 billion, a P/E ratio of -4.05, a PEG ratio of 1.18 and a beta of 1.65. The stock’s 50-day simple moving average is $128.44 and its 200-day simple moving average is $124.65.

MKS Instruments (NASDAQ:MKSI – Get Free Report ) last released its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.51. MKS Instruments had a negative net margin of 48.24% and a positive return on equity of 13.90%. The business had revenue of $887.00 million for the quarter, compared to analyst estimates of $866.38 million. In the same quarter last year, the company earned $1.32 per share. The company’s revenue was down 11.6% compared to the same quarter last year. equities analysts anticipate that MKS Instruments will post 4.98 EPS for the current year.

MKS Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, August 26. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 0.81%. MKS Instruments’ payout ratio is currently -3.30%.

Indoor activity

In related news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $129.41, for a total transaction of $35,587.75. Following the sale, the director now owns 18,209 shares in the company, valued at approximately $2,356,426.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $129.41, for a total transaction of $35,587.75. Following the sale, the director now directly owns 18,209 shares of the company’s stock, valued at approximately $2,356,426.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jacqueline F. Moloney sold 250 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 10,533 shares of the company’s stock, valued at $1,300,404.18. The disclosure for this sale can be found here. 0.46% of shares are owned by corporate insiders.

Hedge funds influence MKS instruments

A number of hedge funds have recently made changes to their positions in the stock. Cornerstone Investment Partners LLC grew its position in MKS Instruments by 2.9% in the first quarter. Cornerstone Investment Partners LLC now owns 3,574 shares of the scientific and technical instruments company’s stock worth $475,000 after purchasing an additional 100 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of MKS Instruments by 62.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 309 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 119 shares during the last quarter. Verity Asset Management Inc. raised its position in shares of MKS Instruments by 6.3% in the first quarter. Verity Asset Management Inc. now owns 2,085 shares of the scientific and technical instruments company’s stock worth $277,000 after purchasing an additional 124 shares during the period. Fifth Third Bancorp raised its stake in MKS Instruments by 2.7% in the first quarter. Fifth Third Bancorp now owns 4,734 shares of the scientific and technical instruments company’s stock worth $630,000 after purchasing an additional 126 shares during the last quarter. Finally, CWM LLC boosted its holdings in MKS Instruments by 23.0% in the second quarter. CWM LLC now owns 937 shares of the scientific and technical instruments company’s stock valued at $122,000 after purchasing an additional 175 shares during the period. 99.79% of shares are currently owned by institutional investors.

About MKS Instruments

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MKS Instruments, Inc provides core technology solutions for semiconductor, electronics and packaging manufacturing as well as specialty industrial applications in the United States, Germany, China, South Korea and internationally. It operates through the segments of Vacuum Solutions Division (VSD), Photonic Solutions Division (PSD) and Materials Solutions Division (MSD).