Brokers Offer Predictions for MKS Instruments, Inc.’s Q3 2024 Earnings (NASDAQ:MKSI)

MKS Instruments, Inc. (NASDAQ:MKSI) – Zacks Research lifted their Q3 2024 EPS estimates for MKS Instruments in a research report issued to clients and investors on Wednesday, October 9th. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will earn $1.38 per share for the quarter, up from their previous estimate of $1.35. The consensus estimate for MKS Instruments’ current full-year earnings is $5.60 per share. Zacks Research also issued estimates for MKS Instruments’ Q4 2024 earnings at $1.40 EPS, FY2024 earnings at $5.50 EPS, Q1 2025 earnings at $1.54 EPS, Q2 2025 earnings at $1.68 EPS, Q3 2025 earnings at $1.77 EPS, FY2025 earnings at $6.87 EPS, Q1 2026 earnings at $2.00 EPS, Q2 2026 earnings at $2.13 EPS and FY2026 earnings at $8.23 EPS.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.02 by $0.51. The business had revenue of $887.00 million for the quarter, compared to analyst estimates of $866.38 million. MKS Instruments had a net margin of 0.25% and a return on equity of 14.91%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 earnings per share.

Several other equities analysts also recently issued reports on the stock. KeyCorp upped their price objective on shares of MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Citigroup downgraded shares of MKS Instruments from a “buy” rating to a “neutral” rating and cut their price target for the stock from $145.00 to $120.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of MKS Instruments from $140.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. The Goldman Sachs Group assumed coverage on shares of MKS Instruments in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price target on the stock. Finally, Needham & Company LLC increased their price target on shares of MKS Instruments from $153.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, MKS Instruments presently has an average rating of “Moderate Buy” and a consensus target price of $141.09.

MKS Instruments Stock Performance

Shares of MKSI opened at $109.40 on Monday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.31 and a current ratio of 3.58. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of -4.10, a PEG ratio of 0.76 and a beta of 1.63. The company’s 50 day simple moving average is $111.16 and its 200 day simple moving average is $121.85. MKS Instruments has a 1 year low of $63.44 and a 1 year high of $147.40.

MKS Instruments Dividend Announcement

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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.80%. The ex-dividend date was Monday, August 26th. MKS Instruments’s dividend payout ratio is currently -3.30%.

Insiders Place Their Bets

In other news, Director Jacqueline F. Moloney sold 250 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $123.46, for a total value of $30,865.00. Following the transaction, the director now directly owns 10,533 shares in the company, valued at approximately $1,300,404.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Elizabeth Mora sold 275 shares of MKS Instruments stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total value of $31,891.75. Following the sale, the director now directly owns 17,934 shares in the company, 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, Director Jacqueline F. Moloney sold 250 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $123.46, for a total transaction of $30,865.00. Following the sale, the director now owns 10,533 shares in the company, valued at $1,300,404.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,575 shares of company stock valued at $303,660 in the last ninety days. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On MKS Instruments

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of MKS Instruments in the 1st quarter worth approximately $25,000. Atlas Capital Advisors LLC acquired a new position in shares of MKS Instruments in the 1st quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in shares of MKS Instruments in the 1st quarter worth approximately $26,000. Massmutual Trust Co. FSB ADV increased its position in shares of MKS Instruments by 196.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 288 shares of the scientific and technical instruments company’s stock worth $31,000 after acquiring an additional 191 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of MKS Instruments by 53.7% in the third quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company’s stock worth $38,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds 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.