Analysts Set Expectations for MKS Instruments, Inc.’s Q1 2018 Earnings (NASDAQ:MKSI)

MKS Instruments, Inc. (NASDAQ:MKSI) – KeyCorp issued their Q1 2018 EPS estimates for MKS Instruments in a research report issued on Wednesday. KeyCorp analyst W. Twigg anticipates that the scientific and technical instruments company will earn $1.42 per share for the quarter.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company had revenue of $481 million for the quarter, compared to the consensus estimate of $463.86 million. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 47.6% compared to the same quarter last year.

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MKSI has been the topic of several other research reports. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus restated a “buy” rating and set a $98.00 price target (up previously from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Dougherty & Co restated a “buy” rating and set a $100.00 price target (up previously from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG assumed coverage on MKS Instruments in a report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $84.00.

Shares of MKS Instruments (NASDAQ MKSI) traded down 1.37% during midday trading on Monday, reaching $82.50. The company had a trading volume of 248,751 shares. MKS Instruments has a 52 week low of $44.82 and a 52 week high of $88.40. The company has a market capitalization of $4.47 billion, a P/E ratio of 17.14 and a beta of 1.03. The company’s 50 day moving average price is $75.53 and its 200-day moving average price is $72.40.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in MKS Instruments by 50,850.9% in the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after buying an additional 6,571,973 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in MKS Instruments by 653.8% in the first quarter. Pictet Asset Management Ltd. now owns 330,940 shares of the scientific and technical instruments company’s stock valued at $22,752,000 after buying an additional 287,036 shares in the last quarter. Teachers Advisors LLC boosted its position in MKS Instruments by 280.2% in the first quarter. Teachers Advisors LLC now owns 334,529 shares of the scientific and technical instruments company’s stock valued at $22,999,000 after buying an additional 246,538 shares in the last quarter. Bank of New York Mellon Corp boosted its position in MKS Instruments by 32.6% in the first quarter. Bank of New York Mellon Corp now owns 946,072 shares of the scientific and technical instruments company’s stock valued at $65,042,000 after buying an additional 232,778 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in MKS Instruments by 2,280.5% in the first quarter. Gotham Asset Management LLC now owns 234,903 shares of the scientific and technical instruments company’s stock valued at $16,150,000 after buying an additional 225,035 shares in the last quarter. 98.36% of the stock is owned by institutional investors and hedge funds.

In other news, VP Brian Charles Quirk sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $80.00, for a total transaction of $160,000.00. Following the completion of the transaction, the vice president now directly owns 15,563 shares of the company’s stock, valued at approximately $1,245,040. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gerard G. Colella sold 2,500 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $79.30, for a total value of $198,250.00. Following the transaction, the chief executive officer now directly owns 5,025 shares of the company’s stock, valued at $398,482.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,410 shares of company stock valued at $1,158,335. Insiders own 1.65% of the company’s stock.

About MKS Instruments

MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.

Earnings History and Estimates for MKS Instruments (NASDAQ:MKSI)

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