The stock of MKS Instruments, Inc. (NASDAQ:MKSI) hit a new 52-week high and has $61.79 target or 7.00% above today’s $57.75 share price. The 9 months bullish chart indicates low risk for the $3.11 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $61.79 price target is reached, the company will be worth $217.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 95,008 shares traded hands. MKS Instruments, Inc. (NASDAQ:MKSI) has risen 55.51% since April 25, 2016 and is uptrending. It has outperformed by 49.50% the S&P500.
Analysts await MKS Instruments, Inc. (NASDAQ:MKSI) to report earnings on January, 25. They expect $1.00 earnings per share, up 194.12% or $0.66 from last year’s $0.34 per share. MKSI’s profit will be $53.85M for 14.44 P/E if the $1.00 EPS becomes a reality. After $0.88 actual earnings per share reported by MKS Instruments, Inc. for the previous quarter, Wall Street now forecasts 13.64% EPS growth.
MKS Instruments, Inc. (NASDAQ:MKSI) Ratings Coverage
Out of 4 analysts covering MKS Instruments (NASDAQ:MKSI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MKS Instruments has been the topic of 7 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, October 12 by Citigroup. As per Monday, January 4, the company rating was initiated by Pacific Crest. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, November 23. The rating was maintained by Dougherty & Company with “Buy” on Friday, October 23. The company was maintained on Monday, June 13 by Dougherty & Company. As per Thursday, May 12, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Monday, May 2 by Dougherty & Company.
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.”
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.
Neumeier Poma Inv Counsel Ltd Co has 577,485 shares for 3.93% of their US portfolio. Panagora Asset Management Incorporated has 51,081 shares for 0.01% of their US portfolio. The New York-based Qs Invsts Ltd has invested 0.02% in MKS Instruments, Inc. (NASDAQ:MKSI). Louisiana State Employees Retirement System accumulated 0.05% or 23,600 shares. Teachers Retirement Of The State Of Kentucky accumulated 51,294 shares or 0.03% of the stock. Vident Inv Advisory Ltd Liability Corporation last reported 15,296 shares in the company. Employees Retirement System Of Texas accumulated 0.03% or 46,000 shares. Springbok Capital Management Lc last reported 1,268 shares in the company. Blackrock Fund Advisors has 3.43M shares for 0.03% of their US portfolio. Da Davidson And Company last reported 3,743 shares in the company. Blackrock Investment Ltd last reported 241,739 shares in the company. Moreover, First Tru Advsr Ltd Partnership has 0.01% invested in MKS Instruments, Inc. (NASDAQ:MKSI) for 51,486 shares. Moreover, Oppenheimer And has 0.01% invested in MKS Instruments, Inc. (NASDAQ:MKSI) for 8,072 shares. Parametric Port Associate accumulated 140,838 shares or 0.01% of the stock. The Illinois-based Zacks Inv Mgmt has invested 0.03% in MKS Instruments, Inc. (NASDAQ:MKSI).
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 17 selling transactions for $2.99 million net activity. 338 shares were sold by Abrams John R, worth $13,807 on Thursday, June 2. 2,500 shares with value of $141,898 were sold by ANDERSON ROBERT R on Tuesday, November 22. Lee John Tseng-Chung also sold $461,524 worth of MKS Instruments, Inc. (NASDAQ:MKSI) on Wednesday, August 10. 400 shares were sold by HANLEY PETER, worth $18,267 on Monday, August 1. Quirk Brian Charles also sold $45,170 worth of MKS Instruments, Inc. (NASDAQ:MKSI) shares. $228,565 worth of shares were sold by COLELLA GERARD G on Monday, August 1. On Thursday, November 17 Werth Dennis L sold $131,605 worth of the stock or 2,333 shares.
More news for MKS Instruments, Inc. (NASDAQ:MKSI) were recently published by: Nasdaq.com, which released: “Is MKS Instruments (MKSI) Stock a Solid Choice Right Now?” on November 28, 2016. Wsj.com‘s article titled: “MKS Instruments to Buy Newport Corp. for $897 Million in Cash” and published on February 23, 2016 is yet another important article.
MKSI Company Profile
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.
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