MKS Instruments, Inc. to Post FY2024 Earnings of $5.67 Per Share, Cantor Fitzgerald Forecasts (NASDAQ:MKSI)

MKS Instruments, Inc. (NASDAQ:MKSI) – Research analysts at Cantor Fitzgerald issued their FY2024 earnings per share estimates for MKS Instruments in a report issued on Tuesday, September 10th. Cantor Fitzgerald analyst M. Prisco anticipates that the scientific and technical instruments company will post earnings per share of $5.67 for the year. Cantor Fitzgerald has a “Overweight” rating and a $140.00 price target on the stock. The consensus estimate for MKS Instruments’ current full-year earnings is $5.58 per share.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of MKS Instruments from $140.00 to $120.00 and set a “hold” rating for the company in a report on Friday, August 9th. TD Cowen boosted their price objective on MKS Instruments from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. KeyCorp increased their target price on MKS Instruments from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Wells Fargo & Company dropped their price target on MKS Instruments from $135.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Morgan Stanley assumed coverage on MKS Instruments in a report on Monday, August 5th. They issued an “overweight” rating and a $155.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.20.

MKS Instruments Price Performance

NASDAQ:MKSI opened at $107.85 on Thursday. The company has a market cap of $7.23 billion, a P/E ratio of -4.04, a P/E/G ratio of 0.73 and a beta of 1.64. The firm’s fifty day moving average price is $120.10 and its two-hundred day moving average price is $124.30. MKS Instruments has a one year low of $63.44 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 (NASDAQ:MKSI) last issued its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.02 by $0.51. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The company had revenue of $887.00 million during the quarter, compared to the consensus estimate of $866.38 million. During the same period in the previous year, the company posted $1.32 EPS. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year.

MKS Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.88 annualized dividend and a yield of 0.82%. MKS Instruments’s dividend payout ratio is presently -3.30%.

Insider Activity

In other news, Director Elizabeth Mora sold 275 shares of the 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 sale, the director now directly owns 17,934 shares of the company’s stock, valued at approximately $2,079,805.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 directly owns 17,934 shares in the company, valued at approximately $2,079,805.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Edward Williams sold 1,800 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 13 shares in the company, valued at approximately $1,543.23. The disclosure for this sale can be found here. In the last three months, insiders sold 2,325 shares of company stock worth $276,435. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MKS Instruments

Several hedge funds and other institutional investors have recently modified their holdings of MKSI. Atlas Capital Advisors LLC acquired a new stake in MKS Instruments in the first quarter valued at about $25,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of MKS Instruments in the 1st quarter valued at approximately $25,000. Rise Advisors LLC bought a new stake in shares of MKS Instruments during the 1st quarter valued at approximately $26,000. Quest Partners LLC acquired a new position in MKS Instruments during the 4th quarter worth approximately $37,000. Finally, Key Financial Inc bought a new position in MKS Instruments in the 2nd quarter valued at approximately $39,000. Institutional investors own 99.79% of the company’s stock.

About MKS Instruments

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.