MKS Instruments (NASDAQ:MKSI) Price Target Lowered to $230.00 at Stifel Nicolaus

MKS Instruments (NASDAQ:MKSIGet Rating) had its price objective dropped by equities researchers at Stifel Nicolaus from $242.00 to $230.00 in a research note issued on Thursday, The Fly reports. Stifel Nicolaus’ price objective indicates a potential upside of 94.59% from the company’s previous close.

A number of other equities research analysts also recently weighed in on MKSI. Needham & Company LLC lowered their price objective on shares of MKS Instruments from $175.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. StockNews.com downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Wells Fargo & Company reduced their target price on shares of MKS Instruments from $125.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, June 23rd. Citigroup reduced their target price on shares of MKS Instruments from $170.00 to $140.00 in a research note on Thursday, April 28th. Finally, TheStreet lowered shares of MKS Instruments from a “b-” rating to a “c+” rating in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $170.13.

MKS Instruments Price Performance

MKSI opened at $118.20 on Thursday. 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 has a 1-year low of $92.65 and a 1-year high of $181.03. The company has a 50-day moving average of $108.74 and a 200-day moving average of $129.94. The company has a market capitalization of $6.58 billion, a P/E ratio of 11.51 and a beta of 1.55.

MKS Instruments (NASDAQ:MKSIGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.28. MKS Instruments had a net margin of 19.08% and a return on equity of 22.81%. The business had revenue of $765.00 million during the quarter, compared to the consensus estimate of $733.55 million. During the same quarter in the prior year, the firm earned $3.02 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts expect that MKS Instruments will post 10.5 EPS for the current fiscal year.

Institutional Trading of MKS Instruments

A number of hedge funds and other institutional investors have recently made changes to their positions in MKSI. Russell Investments Group Ltd. raised its holdings in shares of MKS Instruments by 1.2% in the 4th quarter. Russell Investments Group Ltd. now owns 9,724 shares of the scientific and technical instruments company’s stock worth $1,692,000 after purchasing an additional 113 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of MKS Instruments during the fourth quarter valued at approximately $31,000. Janney Montgomery Scott LLC raised its holdings in shares of MKS Instruments by 60.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,518 shares of the scientific and technical instruments company’s stock valued at $1,135,000 after acquiring an additional 2,463 shares during the period. State of Michigan Retirement System raised its holdings in shares of MKS Instruments by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 14,040 shares of the scientific and technical instruments company’s stock valued at $2,445,000 after acquiring an additional 100 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of MKS Instruments during the fourth quarter valued at approximately $72,222,000. 96.42% of the stock is currently owned by institutional investors.

About MKS Instruments

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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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