MKS Instruments (NASDAQ:MKSI) Issues Quarterly Earnings Results

MKS Instruments (NASDAQ:MKSI) posted its earnings results on Wednesday. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.30, Briefing.com reports. The firm had revenue of $896.00 million during the quarter, compared to analysts’ expectations 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 was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 earnings per share. 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 Up 10.5 %

Shares of NASDAQ:MKSI traded up $10.81 during midday trading on Thursday, hitting $114.10. The stock had a trading volume of 727,842 shares, compared to its average volume of 823,291. The company has a market cap of $7.68 billion, a P/E ratio of 1,051.09, a PEG ratio of 0.70 and a beta of 1.63. MKS Instruments has a 12 month low of $67.57 and a 12 month high of $147.40. The business’s 50-day simple moving average is $106.72 and its 200-day simple moving average is $118.99. The company has a quick ratio of 2.31, a current ratio of 3.58 and a debt-to-equity ratio of 2.16.

MKS Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, November 25th. MKS Instruments’s payout ratio is presently 800.00%.

Insiders Place Their Bets

In other news, EVP John Edward Williams sold 1,800 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,543.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other MKS Instruments 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 2,325 shares of company stock valued at $272,795. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MKSI. Benchmark reiterated a “buy” rating and issued a $142.00 price objective on shares of MKS Instruments in a research report on Thursday, August 8th. Bank of America started coverage on shares of MKS Instruments in a report on Wednesday, July 10th. They issued a “buy” rating and a $160.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of MKS Instruments in a report on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price objective on the stock. Morgan Stanley began coverage on shares of MKS Instruments in a research note on Monday, August 5th. They issued an “overweight” rating and a $155.00 target price for the company. Finally, Cantor Fitzgerald assumed coverage on MKS Instruments in a research note on Tuesday, September 10th. They issued an “overweight” rating and a $140.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.