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 Tuesday after Benchmark lowered their price target on the stock from $172.00 to $145.00. Benchmark currently has a buy rating on the stock. MKS Instruments traded as low as $87.50 and last traded at $87.55, with a volume of 9020 shares. The stock had previously closed at $90.47.

Several other brokerages have also weighed in on MKSI. Needham & Company LLC increased their target price on MKS Instruments from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. TheStreet lowered MKS Instruments from a “b-” rating to a “c+” rating in a research report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft cut their target price on MKS Instruments from $150.00 to $125.00 in a research report on Monday, July 18th. StockNews.com lowered MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Finally, Wells Fargo & Company cut their price objective on MKS Instruments from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, MKS Instruments has a consensus rating of “Moderate Buy” and an average price target of $160.63.

Insiders Place Their Bets

In other news, Director Peter Cannone III acquired 250 shares of the stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of $120.06 per share, for a total transaction of $30,015.00. Following the transaction, the director now owns 3,142 shares in the company, valued at approximately $377,228.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MKS Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in MKSI. BlackRock Inc. grew its holdings in shares of MKS Instruments by 3.3% during the 1st quarter. BlackRock Inc. now owns 5,228,498 shares of the scientific and technical instruments company’s stock valued at $784,275,000 after acquiring an additional 168,727 shares in the last quarter. Capital International Investors grew its holdings in shares of MKS Instruments by 4.1% during the 4th quarter. Capital International Investors now owns 4,711,201 shares of the scientific and technical instruments company’s stock valued at $820,550,000 after acquiring an additional 186,780 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of 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 acquiring an additional 241,134 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of MKS Instruments by 57.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,618,232 shares of the scientific and technical instruments company’s stock valued at $268,709,000 after purchasing an additional 956,015 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of MKS Instruments by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,519,891 shares of the scientific and technical instruments company’s stock valued at $227,984,000 after purchasing an additional 36,586 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

MKS Instruments Stock Performance

The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 8.87 and a beta of 1.57. 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 firm’s 50 day moving average is $106.42 and its 200-day moving average is $116.61.

MKS Instruments (NASDAQ:MKSIGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The scientific and technical instruments company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.28. The company had revenue of $765.00 million for the quarter, compared to the consensus estimate of $733.55 million. MKS Instruments had a net margin of 18.44% and a return on equity of 21.04%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.02 EPS. Sell-side analysts anticipate that MKS Instruments, Inc. will post 10.74 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. MKS Instruments’s payout ratio is 8.84%.

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.

Further Reading

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