MKS Instruments (NASDAQ:MKSI) Releases Earnings Results, Beats Estimates By $0.51 EPS

MKS Instruments (NASDAQ:MKSI) issued its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.51, Briefing.com reports. MKS Instruments had a negative net margin of 48.24% and a positive return on equity of 13.90%. The company had revenue of $887.00 million for the quarter, compared to the consensus estimate of $866.38 million. During the same period last year, the firm posted $1.32 EPS. MKS Instruments’s revenue for the quarter was down 11.6% on a year-over-year basis. MKS Instruments updated its Q3 guidance to $1.15-$1.71 EPS and its Q3 2024 guidance to 1.150-1.710 EPS.

MKS Instruments Trading Up 6.2 %

Shares of NASDAQ MKSI traded up $6.45 during midday trading on Thursday, reaching $109.97. 1,561,683 shares of the stock were exchanged, compared to its average volume of 822,205. The company has a market capitalization of $7.37 billion, a P/E ratio of -4.12, a P/E/G ratio of 1.18 and a beta of 1.65. MKS Instruments has a 52-week low of $63.44 and a 52-week high of $147.40. The company has a current ratio of 3.69, a quick ratio of 2.34 and a debt-to-equity ratio of 1.94. The stock has a 50 day moving average price of $128.81 and a 200-day moving average price of $124.49.

MKS Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, August 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. MKS Instruments’s dividend payout ratio (DPR) is presently -3.30%.

Analysts Set New Price Targets

Several brokerages have issued reports on MKSI. Morgan Stanley initiated coverage on shares of MKS Instruments in a research report on Monday. They set an “overweight” rating and a $155.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $140.00 target price on shares of MKS Instruments in a research note on Thursday, June 20th. KeyCorp raised their target price on shares of MKS Instruments from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. TD Cowen raised their price objective on shares of MKS Instruments from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Bank of America initiated coverage on shares of MKS Instruments in a research note on Wednesday, July 10th. They issued a “buy” rating and a $160.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MKS Instruments currently has a consensus rating of “Moderate Buy” and an average price target of $148.75.

Insider Transactions at MKS Instruments

In related news, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $129.41, for a total value of $35,587.75. Following the completion of the sale, the director now directly owns 18,209 shares in the company, valued at $2,356,426.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $129.41, for a total transaction of $35,587.75. Following the transaction, the director now directly owns 18,209 shares of the company’s stock, valued at $2,356,426.69. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jacqueline F. Moloney sold 250 shares of MKS Instruments stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $123.46, for a total transaction of $30,865.00. Following the transaction, the director now directly owns 10,533 shares in the company, valued at $1,300,404.18. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

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.