KeyCorp Weighs in on MKS Instruments, Inc.’s Q4 2022 Earnings (NASDAQ:MKSI)

MKS Instruments, Inc. (NASDAQ:MKSIGet Rating) – Equities researchers at KeyCorp reduced their Q4 2022 earnings per share (EPS) estimates for MKS Instruments in a research note issued on Wednesday, April 27th. KeyCorp analyst S. Barger now anticipates that the scientific and technical instruments company will post earnings of $2.79 per share for the quarter, down from their prior estimate of $3.13. KeyCorp has a “Sector Weight” rating on the stock.

A number of other analysts have also weighed in on the stock. Citigroup reduced their price target on shares of MKS Instruments from $170.00 to $140.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of MKS Instruments from $170.00 to $150.00 in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of MKS Instruments from $155.00 to $125.00 and set an “equal weight” rating for the company in a research note on Monday, April 18th. Rosenblatt Securities reduced their price target on shares of MKS Instruments from $225.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, January 28th. Finally, Stifel Nicolaus increased their target price on shares of MKS Instruments from $256.00 to $260.00 in a research note on Thursday, April 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $178.56.

NASDAQ MKSI opened at $118.51 on Friday. MKS Instruments has a 52 week low of $110.26 and a 52 week high of $191.85. The company has a current ratio of 4.66, a quick ratio of 3.41 and a debt-to-equity ratio of 0.28. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 11.97 and a beta of 1.45. The company has a 50-day moving average price of $138.71 and a two-hundred day moving average price of $151.95.

MKS Instruments (NASDAQ:MKSIGet Rating) last posted its earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.60 by $0.11. MKS Instruments had a net margin of 18.69% and a return on equity of 23.69%. The firm had revenue of $742.00 million during the quarter, compared to analysts’ expectations of $753.56 million. During the same quarter in the prior year, the firm earned $2.56 EPS. MKS Instruments’s quarterly revenue was up 6.9% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Friday, March 11th. Investors of record on Monday, February 28th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, February 25th. MKS Instruments’s payout ratio is 8.89%.

In related news, Director Elizabeth Mora sold 300 shares of MKS Instruments stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $149.99, for a total value of $44,997.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Sageworth Trust Co of South Dakota purchased a new position in shares of MKS Instruments during the fourth quarter valued at $25,000. National Bank of Canada FI purchased a new position in shares of MKS Instruments during the fourth quarter valued at $31,000. Fifth Third Bancorp grew its holdings in shares of MKS Instruments by 56.3% during the first quarter. Fifth Third Bancorp now owns 236 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 85 shares in the last quarter. MUFG Americas Holdings Corp grew its holdings in shares of MKS Instruments by 100.0% during the third quarter. MUFG Americas Holdings Corp now owns 238 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 119 shares in the last quarter. Finally, UMB Bank N A MO purchased a new position in MKS Instruments in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

MKS Instruments Company Profile (Get Rating)

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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