MKS Instruments (NASDAQ:MKSI) Reaches New 52-Week Low on Analyst Downgrade

MKS Instruments, Inc. (NASDAQ:MKSIGet Rating) shares hit a new 52-week low on Thursday after Wells Fargo & Company lowered their price target on the stock from $125.00 to $110.00. Wells Fargo & Company currently has an equal weight rating on the stock. MKS Instruments traded as low as $99.11 and last traded at $99.18, with a volume of 781 shares. The stock had previously closed at $100.66.

MKSI has been the subject of several other reports. Citigroup decreased their price target on shares of MKS Instruments from $170.00 to $140.00 in a research note on Thursday, April 28th. StockNews.com raised shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, June 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of MKS Instruments from $170.00 to $150.00 in a research note on Thursday, April 28th. Finally, Stifel Nicolaus raised their price target on shares of MKS Instruments from $256.00 to $260.00 in a research note on Thursday, April 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MKSI. Victory Capital Management Inc. boosted its holdings in shares of MKS Instruments by 564.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,662,217 shares of the scientific and technical instruments company’s stock valued at $248,898,000 after buying an additional 1,412,135 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in MKS Instruments by 469.7% during the 4th quarter. William Blair Investment Management LLC now owns 692,650 shares of the scientific and technical instruments company’s stock valued at $120,639,000 after purchasing an additional 571,074 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in MKS Instruments during the 4th quarter valued at $72,222,000. Wellington Management Group LLP lifted its holdings in MKS Instruments by 5.5% during the 1st quarter. Wellington Management Group LLP now owns 4,642,162 shares of the scientific and technical instruments company’s stock valued at $696,324,000 after purchasing an additional 241,134 shares during the last quarter. Finally, Cooke & Bieler LP lifted its holdings in MKS Instruments by 34.0% during the 1st quarter. Cooke & Bieler LP now owns 819,188 shares of the scientific and technical instruments company’s stock valued at $122,878,000 after purchasing an additional 208,074 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

The firm has a fifty day simple moving average of $115.51 and a 200-day simple moving average of $141.03. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 9.67 and a beta of 1.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.72 and a current ratio of 5.18.

MKS Instruments (NASDAQ:MKSIGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.12. MKS Instruments had a return on equity of 22.81% and a net margin of 19.08%. The business had revenue of $742.00 million during the quarter, compared to the consensus estimate of $753.56 million. During the same quarter last year, the firm posted $2.56 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that MKS Instruments, Inc. will post 10.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Monday, May 30th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.89%. The ex-dividend date was Thursday, May 26th. MKS Instruments’s payout ratio is 8.57%.

About MKS Instruments (NASDAQ:MKSI)

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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