MKS Instruments (NASDAQ:MKSI) Rating Increased to Buy at Zacks Investment Research

MKS Instruments (NASDAQ:MKSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage currently has a $177.00 price target on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 6.01% from the stock’s previous close.

According to Zacks, “MKS Instruments’ prospects are driven by an improving semiconductor market and increased demand, particularly for Power Solutions. Moreover, continuing strong demand for the company’s plasma and reactive gas solutions, especially in semiconductor deposition applications, is a key catalyst. In wet clean applications, the company’s solutions are seeing solid traction. MKS is also benefiting from a lean cost structure. The ESI acquisition has strengthened the company’s offerings in optics, photonics and laser markets, apart from saving costs. The latest HDI PCB laser-manufacturing solution has been gaining traction in Asia. However, exposure of the company’s Light and Motion segment in China is a concern. Macroeconomic uncertainty related to COVID-19 is a headwind. Shares have underperformed the industry in the past year.”

A number of other brokerages have also recently issued reports on MKSI. Benchmark raised their target price on shares of MKS Instruments from $146.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. KeyCorp raised their target price on shares of MKS Instruments from $155.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, December 11th. Cowen raised their target price on shares of MKS Instruments from $150.00 to $178.00 and gave the stock an “outperform” rating in a report on Friday, December 11th. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 7th. Finally, Needham & Company LLC raised their target price on shares of MKS Instruments from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 11th. Three investment 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 company’s stock. MKS Instruments presently has an average rating of “Buy” and an average price target of $161.27.

NASDAQ:MKSI opened at $166.96 on Tuesday. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 33.33 and a beta of 1.60. MKS Instruments has a one year low of $66.87 and a one year high of $172.84. The stock has a 50-day simple moving average of $150.57 and a 200 day simple moving average of $125.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.23 and a current ratio of 4.58.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.17. The business had revenue of $589.80 million during the quarter, compared to the consensus estimate of $559.55 million. MKS Instruments had a return on equity of 16.49% and a net margin of 12.78%. On average, equities research analysts forecast that MKS Instruments will post 7.09 EPS for the current fiscal year.

In other MKS Instruments news, Director Elizabeth Mora sold 450 shares of MKS Instruments stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $139.54, for a total transaction of $62,793.00. Following the completion of the sale, the director now owns 15,051 shares of the company’s stock, valued at approximately $2,100,216.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MKSI. First Trust Advisors LP lifted its stake in shares of MKS Instruments by 131.3% in the 1st quarter. First Trust Advisors LP now owns 37,141 shares of the scientific and technical instruments company’s stock valued at $3,456,000 after purchasing an additional 21,082 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of MKS Instruments by 2,134.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 161,859 shares of the scientific and technical instruments company’s stock valued at $15,061,000 after purchasing an additional 154,614 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of MKS Instruments by 16.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,896 shares of the scientific and technical instruments company’s stock valued at $328,000 after purchasing an additional 409 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of MKS Instruments by 72.6% in the 2nd quarter. Bank of Montreal Can now owns 5,029 shares of the scientific and technical instruments company’s stock valued at $576,000 after purchasing an additional 2,115 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of MKS Instruments by 13.9% in the 2nd quarter. FMR LLC now owns 884,937 shares of the scientific and technical instruments company’s stock valued at $100,210,000 after purchasing an additional 108,158 shares during the last quarter. 80.07% of the stock is owned by institutional investors and hedge funds.

About MKS Instruments

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 delivery 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: What does a neutral rating on stocks mean?

Get a free copy of the Zacks research report on MKS Instruments (MKSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for MKS Instruments (NASDAQ:MKSI)

Receive News & Ratings for MKS Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments and related companies with MarketBeat.com's FREE daily email newsletter.