MKS Instruments (NASDAQ:MKSI) Issues Earnings Results

MKS Instruments (NASDAQ:MKSI) released its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.30, Briefing.com reports. The firm had revenue of $896.00 million for the quarter, compared to the consensus estimate of $874.29 million. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. 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 Trading Up 12.0 %

MKSI stock opened at $115.64 on Friday. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 1,051.27, a price-to-earnings-growth ratio of 0.70 and a beta of 1.63. The company has a fifty day moving average price of $106.69 and a two-hundred day moving average price of $118.96. MKS Instruments has a one year low of $67.57 and a one year high of $147.40. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.58 and a quick ratio of 2.31.

MKS Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, November 25th. MKS Instruments’s dividend payout ratio (DPR) is presently 800.00%.

Insider Buying and Selling

In other news, EVP John Edward Williams sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $118.71, for a total transaction of $213,678.00. Following the transaction, the executive vice president now directly owns 13 shares of the company’s stock, valued at approximately $1,543.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MKS Instruments news, EVP John Edward Williams sold 1,800 shares of MKS Instruments stock in a transaction on Friday, August 16th. The stock was sold at an average price of $118.71, for a total value of $213,678.00. Following the completion of the transaction, the executive vice president now directly owns 13 shares of the company’s stock, valued at $1,543.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $31,891.75. Following the completion of the transaction, the director now owns 17,934 shares in the company, valued at $2,079,805.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,325 shares of company stock valued at $272,795. Company insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MKSI has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Benchmark restated a “buy” rating and set a $142.00 target price on shares of MKS Instruments in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of MKS Instruments in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price target on the stock. Mizuho upgraded shares of MKS Instruments to a “strong-buy” rating in a research note on Monday, October 7th. Finally, Needham & Company LLC upped their target price on MKS Instruments from $153.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.09.

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.