November 23, 2016 - By Darrin Black
Stifel currently has a $64 target price per share on the $3.10B market cap company or 11.46% upside potential. In a report made public on Wednesday, 23 November, MKS Instruments (NASDAQ:MKSI) stock had its Buy Rating reiterated by research professionals at Stifel.
Out of 4 analysts covering MKS Instruments (NASDAQ:MKSI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $59 is the highest target while $42 is the lowest. The $51.33 average target is -10.61% below today’s ($57.42) stock price. MKS Instruments has been the topic of 6 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The rating was initiated by Citigroup on Wednesday, October 12 with “Buy”. The firm has “Buy” rating by Dougherty & Company given on Monday, May 2. The rating was maintained by Stifel Nicolaus on Thursday, May 12 with “Buy”. On Monday, January 4 the stock rating was initiated by Pacific Crest with “Overweight”. As per Monday, June 13, the company rating was maintained by Dougherty & Company. The stock of MKS Instruments, Inc. (NASDAQ:MKSI) earned “Buy” rating by Dougherty & Company on Friday, October 23.
The stock increased 0.75% or $0.42 during the last trading session, hitting $57.42. MKS Instruments, Inc. (NASDAQ:MKSI) has risen 54.26% since April 21, 2016 and is uptrending. It has outperformed by 48.93% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 1.37 in Q2 2016. Its down 0.12, from 1.49 in 2016Q1. The ratio worsened, as 18 funds sold all MKS Instruments, Inc. shares owned while 53 reduced positions. 32 funds bought stakes while 74 increased positions. They now own 54.44 million shares or 1.76% more from 53.49 million shares in 2016Q1.
Barclays Public Limited Liability Company holds 0% of its portfolio in MKS Instruments, Inc. (NASDAQ:MKSI) for 14,223 shares. Guggenheim Capital Ltd Limited Liability Company accumulated 0.02% or 166,456 shares. The California-based Aperio Grp Limited Company has invested 0% in MKS Instruments, Inc. (NASDAQ:MKSI). Gabelli Funds Ltd Liability Corp, a New York-based fund reported 20,187 shares. Rhumbline Advisers accumulated 0.01% or 84,706 shares. Ladenburg Thalmann Services owns 723 shares or 0% of their US portfolio. Cantab Cap Ptnrs Limited Liability Partnership has 0% invested in the company for 43,716 shares. American Group Inc Incorporated holds 0% of its portfolio in MKS Instruments, Inc. (NASDAQ:MKSI) for 39,646 shares. Arizona State Retirement Systems accumulated 27,676 shares or 0.02% of the stock. Comerica Retail Bank holds 0.02% of its portfolio in MKS Instruments, Inc. (NASDAQ:MKSI) for 53,674 shares. Gotham Asset Mngmt Ltd holds 454,893 shares or 0.23% of its portfolio. First Tru L P reported 51,486 shares or 0.01% of all its holdings. Paradigm Capital Management Ny has 20,000 shares for 0.1% of their US portfolio. Prudential reported 131,693 shares or 0.01% of all its holdings. First Quadrant L P Ca has 0.01% invested in the company for 11,700 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 16 sales for $2.85 million net activity. Quirk Brian Charles had sold 1,000 shares worth $49,360 on Monday, October 3. $12,116 worth of MKS Instruments, Inc. (NASDAQ:MKSI) was sold by HANLEY PETER on Monday, August 15. $461,524 worth of MKS Instruments, Inc. (NASDAQ:MKSI) shares were sold by Lee John Tseng-Chung. On Monday, August 1 the insider COLELLA GERARD G sold $228,565. On Thursday, June 2 the insider Abrams John R sold $13,807. Mora Elizabeth sold 200 shares worth $9,034. $554,500 worth of MKS Instruments, Inc. (NASDAQ:MKSI) was sold by BAGSHAW SETH H.
MKS Instruments, Inc. is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The company has a market cap of $3.10 billion. The Firm operates through divisions, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other divisions into Asia regions, and Other. It has a 36.46 P/E ratio.
According to Zacks Investment Research, “MKS Instruments, Inc. is a leading worldwide developer, manufacturer and supplier of instruments, components and subsystems used to measure, control and analyze gases in semiconductor manufacturing and similar industrial manufacturing processes. They offer a range of products including but not limited to semiconductors, optical filters and fiber optics cables, magnetic and optical storage devices and media, solar panels, eyeglasses, architectural glass, cutting tools, and freeze-dried pharmaceuticals.”
MKS Instruments, Inc. (MKS), incorporated on June 14, 1961, is a well-known provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Firm operates through divisions, including Advanced Manufacturing Capital Equipment, Global Service, Asia Region Sales and Other. It also provides services relating to the maintenance and repair of its products, software, service and maintenance, installation services and training. The Firm groups its products into three groups of similar products upon the similarity of product function. These three groups of products are instruments, control and vacuum products; power and reactive gas products, and analytical solutions group products.
More notable recent MKS Instruments, Inc. (NASDAQ:MKSI) news were published by: Wsj.com which released: “MKS Instruments to Buy Newport Corp. for $897 Million in Cash” on February 23, 2016, also Nasdaq.com with their article: “Ex-Dividend Reminder: MKS Instruments, Curtiss-Wright and Matthews International” published on November 21, 2016, Zacks.com published: “Can MKS Instruments (MKS) Run Higher on Strong Earnings Estimate Revisions?” on November 18, 2016. More interesting news about MKS Instruments, Inc. (NASDAQ:MKSI) were released by: Seekingalpha.com and their article: “MKS Instruments And Newport Corporation: A Marriage Of Equals” published on February 25, 2016 as well as Seekingalpha.com‘s news article titled: “MKS Instruments-Newport Acquisition Brings Scale” with publication date: May 02, 2016.
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By Darrin Black