MKS Instruments Inc. (NASDAQ: MKSI) stock fell -1.33% on Wednesday to $87.68 against a previous-day closing price of $88.86. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.6 million shares. During the session, the Scientific & Technical Instruments company that operates in wider Technology sector, reached to the highest price of $87.99 whereas the lowest price it dropped to was $85.96. The 52-week range on MKSI shows that it touched its highest point at $125.56 and its lowest point at $64.77 during that stretch. It currently has a 1-year price target of $106.57. With its current market cap of 5.98 billion, MKSI has annualized dividend of $0.88 while the current yield stands at 1.00%. Beta for the stock currently stands at 1.53.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MKSI was up-trending over the past week, with a rise of 0.50%, but this was up by 9.93% over a month. Three-month performance dropped to -5.93% while six-month performance rose 19.67%. The stock lost -26.03% in the past year, while it has gained 3.48% so far this year. A look at the trailing 12-month EPS for MKSI yields 2.61 with Next year EPS estimates of 5.68. For the next quarter, that number is 1.16. This implies an EPS growth rate of -43.80% for this year and 64.65% for next year. EPS is expected to decline by -11.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.30%.
Float and Shares Shorts:
At present, 66.70 million MKSI shares are outstanding with a float of 66.17 million shares on hand for trading. On May 14, 2023, short shares totaled 2.24 million, which was 3.35% higher than short shares on Apr 13, 2023. In addition to Dr. John T. C. Lee as the firm’s Pres, CEO & Director, Mr. Seth H. Bagshaw serves as its Exec. VP, CFO & Treasurer.
Through their ownership of 105.13% of MKSI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 62.77% of MKSI, in contrast to 27.18% held by mutual funds. Shares owned by individuals account for 18.64%. As the largest shareholder in MKSI with 10.34% of the stake, Capital Research & Management Co holds 6,890,670 shares worth 6,890,670. A second-largest stockholder of MKSI, The Vanguard Group, Inc., holds 6,425,914 shares, controlling over 9.64% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in MKSI, holding 5,082,157 shares or 7.62% stake. With a 3.85% stake in MKSI, the Victory Sycamore Established Valu is the largest stakeholder. A total of 2,565,000 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 3.55% of MKSI stock, is the second-largest Mutual Fund holder. It holds 2,367,653 shares valued at 198.58 million. Vanguard Total Stock Market ETF holds 3.10% of the stake in MKSI, owning 2,068,683 shares worth 173.5 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, MKSI reported revenue of $765.00M and operating income of $169.00M. The EBITDA in the recently reported quarter was $196.00M and diluted EPS was $2.32.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MKSI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MKSI analysts setting a high price target of $115.00 and a low target of $90.00, the average target price over the next 12 months is $106.57. Based on these targets, MKSI could surge 31.16% to reach the target high and rise by 2.65% to reach the target low. Reaching the average price target will result in a growth of 21.54% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, MKSI has a current ratio of $0.88, which is $0.88 over the trailing 12-months, while a dividend of $0.82 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MKSI currently yields $1.0. In the past year, MKSI’s dividend yield has been $1.0, but when looking at the stock over the past five years, its yield has been $0.78. Accordingly, MKSI has a current buyback yield of $0.0. This was $0.0 for the TTM, and it was $0.59 for the past five years.
Summary of Insider Activity:
Insiders traded MKSI stock several times over the past three months with 2 Buys and 4 Sells. In these transactions, 2,732 shares were bought while 1,322 shares were sold. The number of buy transactions has increased to 47 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 108,430 while 43,401 shares were sold.