MKS Instruments (NASDAQ:MKSI) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

MKS Instruments (NASDAQ:MKSI - Get Free Report) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report issued on Tuesday, Marketbeat reports. The firm currently has a $110.00 price target on the scientific and technical instruments company's stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 31.23% from the stock's previous close.

MKSI has been the topic of several other reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $140.00 price target on shares of MKS Instruments in a research note on Thursday, February 13th. Benchmark dropped their price objective on MKS Instruments from $142.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Needham & Company LLC cut their target price on MKS Instruments from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Morgan Stanley upped their target price on MKS Instruments from $85.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group raised their price target on MKS Instruments from $128.00 to $129.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, MKS Instruments currently has an average rating of "Moderate Buy" and an average price target of $134.92.

MKS Instruments Stock Down 1.3%

Shares of MKSI traded down $1.07 during mid-day trading on Tuesday, reaching $83.82. The company's stock had a trading volume of 767,566 shares, compared to its average volume of 1,056,483. The company's 50 day moving average is $76.58 and its 200 day moving average is $96.31. The stock has a market cap of $5.65 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.80. MKS Instruments has a 12-month low of $54.84 and a 12-month high of $147.40. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.19 and a quick ratio of 2.04.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.42 by $0.29. MKS Instruments had a net margin of 5.30% and a return on equity of 18.94%. The company had revenue of $936.00 million for the quarter, compared to analyst estimates of $913.59 million. During the same period in the prior year, the firm posted $1.18 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. Equities analysts anticipate that MKS Instruments will post 6.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Elizabeth Mora sold 275 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.46, for a total value of $25,426.50. Following the completion of the sale, the director now owns 17,384 shares in the company, valued at approximately $1,607,324.64. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company's stock.

Institutional Trading of MKS Instruments

Hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC raised its position in MKS Instruments by 68.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 263 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 107 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of MKS Instruments in the 4th quarter valued at about $36,000. TD Private Client Wealth LLC acquired a new stake in shares of MKS Instruments in the fourth quarter valued at about $39,000. Optimum Investment Advisors boosted its holdings in MKS Instruments by 66.7% during the first quarter. Optimum Investment Advisors now owns 500 shares of the scientific and technical instruments company's stock worth $40,000 after buying an additional 200 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in MKS Instruments by 424.1% during the fourth quarter. Blue Trust Inc. now owns 414 shares of the scientific and technical instruments company's stock worth $45,000 after buying an additional 335 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

MKS Instruments Company Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.