MKS (NASDAQ:MKSI - Free Report) had its price objective increased by Cantor Fitzgerald from $110.00 to $120.00 in a research note published on Tuesday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the scientific and technical instruments company's stock.
Other equities research analysts also recently issued research reports about the company. Morgan Stanley raised their price objective on MKS from $93.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Needham & Company LLC cut their price target on MKS from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded MKS from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Tuesday, May 20th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.82.
Check Out Our Latest Stock Analysis on MKS
MKS Price Performance
Shares of MKSI stock traded up $5.75 during trading hours on Tuesday, reaching $97.82. The company's stock had a trading volume of 1,515,415 shares, compared to its average volume of 1,052,842. MKS has a fifty-two week low of $54.84 and a fifty-two week high of $147.40. The firm's 50 day simple moving average is $82.05 and its 200-day simple moving average is $92.65. The company has a quick ratio of 1.96, a current ratio of 3.11 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.02 and a beta of 1.84.
MKS (NASDAQ:MKSI - Get Free Report) last released its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.29. MKS had a return on equity of 20.67% and a net margin of 6.21%. The firm had revenue of $936.00 million for the quarter, compared to analysts' expectations of $913.59 million. During the same quarter in the previous year, the business posted $1.18 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts forecast that MKS will post 6.94 earnings per share for the current year.
MKS Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Tuesday, May 27th. MKS's dividend payout ratio (DPR) is presently 26.27%.
Institutional Investors Weigh In On MKS
Institutional investors and hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. increased its holdings in MKS by 772.7% in the fourth quarter. Prudential Financial Inc. now owns 61,447 shares of the scientific and technical instruments company's stock worth $6,481,000 after purchasing an additional 54,406 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of MKS in the 4th quarter valued at $1,480,000. Norges Bank acquired a new position in shares of MKS during the 4th quarter valued at $85,451,000. Summit Global Investments bought a new position in MKS during the fourth quarter worth $1,254,000. Finally, Wellington Management Group LLP grew its holdings in MKS by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 2,291,478 shares of the scientific and technical instruments company's stock worth $239,207,000 after purchasing an additional 6,715 shares during the period. Institutional investors own 99.79% of the company's stock.
About MKS
(
Get Free Report)
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.
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