MKS Instruments (NASDAQ:MKSI) Releases Earnings Results, Beats Expectations By $0.30 EPS

MKS Instruments (NASDAQ:MKSI) released its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.30, Briefing.com reports. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The business had revenue of $896.00 million during the quarter, compared to analyst estimates of $874.29 million. During the same period last year, the company posted $1.46 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. MKS Instruments updated its Q4 guidance to $1.63-2.27 EPS and its Q4 2024 guidance to 1.630-2.270 EPS.

MKS Instruments Stock Performance

Shares of NASDAQ:MKSI traded up $10.60 on Thursday, hitting $113.89. 696,710 shares of the company were exchanged, compared to its average volume of 823,009. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 1,051.09, a PEG ratio of 0.70 and a beta of 1.63. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.31 and a current ratio of 3.58. MKS Instruments has a one year low of $67.57 and a one year high of $147.40. The company’s 50 day moving average price is $106.72 and its two-hundred day moving average price is $118.99.

MKS Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, November 25th. MKS Instruments’s dividend payout ratio (DPR) is currently 800.00%.

Analysts Set New Price Targets

MKSI has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on MKS Instruments in a report on Monday, August 5th. They set an “overweight” rating and a $155.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a research report on Thursday, August 8th. Needham & Company LLC boosted their target price on shares of MKS Instruments from $153.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, August 9th. KeyCorp increased their price objective on MKS Instruments from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Finally, Mizuho raised MKS Instruments to a “strong-buy” rating in a research note on Monday, October 7th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.09.

Insider Activity at MKS Instruments

In other news, Director Jacqueline F. Moloney sold 250 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total transaction of $27,225.00. Following the completion of the transaction, the director now directly owns 10,283 shares of the company’s stock, valued at approximately $1,119,818.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Elizabeth Mora sold 275 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.97, for a total transaction of $31,891.75. Following the completion of the sale, the director now directly owns 17,934 shares of the company’s stock, valued at $2,079,805.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jacqueline F. Moloney sold 250 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value of $27,225.00. Following the completion of the sale, the director now owns 10,283 shares of the company’s stock, valued at approximately $1,119,818.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,325 shares of company stock worth $272,795. 0.51% of the stock is owned by corporate insiders.

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.