MKS (NASDAQ:MKSI - Get Free Report) had its price target increased by analysts at Wells Fargo & Company from $85.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the scientific and technical instruments company's stock. Wells Fargo & Company's price target suggests a potential downside of 6.06% from the company's current price.
A number of other analysts have also recently weighed in on MKSI. Deutsche Bank Aktiengesellschaft raised MKS from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, May 20th. Cantor Fitzgerald lifted their price target on shares of MKS from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Morgan Stanley lifted their price target on shares of MKS from $93.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Finally, Needham & Company LLC dropped their price target on shares of MKS from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $123.00.
Read Our Latest Research Report on MKS
MKS Stock Down 0.5%
NASDAQ MKSI traded down $0.55 on Tuesday, reaching $106.45. The stock had a trading volume of 654,728 shares, compared to its average volume of 1,052,094. The business has a 50 day moving average price of $91.58 and a 200 day moving average price of $92.26. The company has a current ratio of 3.11, a quick ratio of 1.96 and a debt-to-equity ratio of 1.87. MKS has a 1 year low of $54.84 and a 1 year high of $147.40. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 1.21 and a beta of 1.88.
MKS (NASDAQ:MKSI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $1.71 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 the consensus estimate of $913.59 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that MKS will post 6.94 EPS for the current fiscal year.
Insider Transactions at MKS
In other MKS news, EVP David Philip Henry sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the sale, the executive vice president owned 20,571 shares of the company's stock, valued at $2,159,955. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.57% of the stock is owned by company insiders.
Institutional Trading of MKS
A number of hedge funds have recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of MKS by 55.8% in the 2nd quarter. UMB Bank n.a. now owns 975 shares of the scientific and technical instruments company's stock worth $97,000 after acquiring an additional 349 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of MKS in the 2nd quarter worth approximately $991,000. Wedmont Private Capital bought a new stake in shares of MKS in the 2nd quarter worth approximately $280,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of MKS by 265.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 837 shares of the scientific and technical instruments company's stock worth $83,000 after acquiring an additional 608 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of MKS by 63.9% in the 2nd quarter. Parallel Advisors LLC now owns 952 shares of the scientific and technical instruments company's stock worth $95,000 after acquiring an additional 371 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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