MKS Instruments (MKSI) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 45 from a previous price target of $42 . Dougherty & Company advised their investors in a research report released on May 2, 2016.
On the company’s financial health, MKS Instruments reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.33. The company had revenue of $183.70 million for the quarter, compared to analysts expectations of $177.19 million. The company’s revenue was down -14.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.
MKS Instruments opened for trading at $37.34 and hit $38.13 on the upside on Wednesday, eventually ending the session at $37.97, with a gain of 1.33% or 0.5 points. The heightened volatility saw the trading volume jump to 3,30,419 shares. Company has a market cap of $2,022 M.
In a different news, on Mar 21, 2016, Brian Charles Quirk (Sr. VP, Global Operations) sold 1,000 shares at $36.00 per share price. According to the SEC, on Feb 29, 2016, John Tseng-chung Lee (Sr. VP, Business Units) sold 994 shares at $32.70 per share price. On Feb 29, 2016, Seth H Bagshaw (Vice President, CFO, Treasurer) sold 1,750 shares at $32.70 per share price, according to the Form-4 filing with the securities and exchange commission.
MKS Instruments Inc. (MKS) is a provider of instruments subsystems and process control solutions that measures controls powers monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates in four segments: Advanced Manufacturing Capital Equipment; Analytical Solutions Group; Europe Region Sales & Service and Asia Region Sales & Service. The Advanced Manufacturing Capital Equipment segment includes the development manufacture sales and servicing of instruments and control products power and reactive gas products materials delivery products and vacuum products. The Analytical Solutions Group includes gas composition analysis information technology products and custom fabrication services. The Europe and Asia region sales and service segments resell and service the Advanced Manufacturing Capital Equipment and Analytical Solutions Group products sold into their respective regions.