The stock of MKS Instruments, Inc. (NASDAQ:MKSI) hit a new 52-week high and has $81.78 target or 45.00% above today’s $56.40 share price. The 7 months bullish chart indicates low risk for the $3.12 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $81.78 price target is reached, the company will be worth $1.40 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.44% or $0.8 during the last trading session, hitting $56.4. About 318,746 shares traded hands. MKS Instruments, Inc. (NASDAQ:MKSI) has risen 45.13% since April 15, 2016 and is uptrending. It has outperformed by 40.51% the S&P500.
MKS Instruments, Inc. (NASDAQ:MKSI) Ratings Coverage
Out of 4 analysts covering MKS Instruments (NASDAQ:MKSI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MKS Instruments has been the topic of 6 analyst reports since October 23, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained MKS Instruments, Inc. (NASDAQ:MKSI) rating on Thursday, May 12. Stifel Nicolaus has “Buy” rating and $49 price target. The company was maintained on Monday, June 13 by Dougherty & Company. Pacific Crest initiated the stock with “Overweight” rating in Monday, January 4 report. The rating was maintained by Dougherty & Company on Friday, October 23 with “Buy”. The firm has “Buy” rating given on Wednesday, October 12 by Citigroup. The stock has “Buy” rating given by Dougherty & Company on Monday, May 2.
According to Zacks Investment Research, “MKS Instruments, Inc. is a leading worldwide developer, manufacturer and supplier of instruments, components and subsystems used to measure, control and analyze gases in semiconductor manufacturing and similar industrial manufacturing processes. They offer a range of products including but not limited to semiconductors, optical filters and fiber optics cables, magnetic and optical storage devices and media, solar panels, eyeglasses, architectural glass, cutting tools, and freeze-dried pharmaceuticals.”
Insitutional Activity: The institutional sentiment decreased to 1.49 in Q2 2016. Its down 0.14, from 1.63 in 2016Q1. The ratio is negative, as 18 funds sold all MKS Instruments, Inc. shares owned while 53 reduced positions. 32 funds bought stakes while 74 increased positions. They now own 54.44 million shares or 1.76% more from 53.49 million shares in 2016Q1.
Louisiana State Employees Retirement Systems last reported 0.05% of its portfolio in the stock. The New York-based Needham Invest Management Limited Liability Corp has invested 2.2% in MKS Instruments, Inc. (NASDAQ:MKSI). Westwood Holdings Group, a Texas-based fund reported 151,207 shares. Ameriprise Financial accumulated 364,257 shares or 0.01% of the stock. Moreover, Wellington Grp Inc Llp has 0.03% invested in MKS Instruments, Inc. (NASDAQ:MKSI) for 2.86 million shares. Tudor Investment Corp Et Al has 0.01% invested in the company for 7,700 shares. Legal General Pcl has 12,624 shares for 0% of their US portfolio. Prudential, a New Jersey-based fund reported 131,693 shares. Tower (Trc) holds 0% of its portfolio in MKS Instruments, Inc. (NASDAQ:MKSI) for 101 shares. Babson Limited Com reported 7,300 shares or 0.01% of all its holdings. Qs Ltd Liability Company holds 0.02% or 53,086 shares in its portfolio. Price T Rowe Assocs Md accumulated 16,953 shares or 0% of the stock. Teachers Advsr Incorporated owns 326,933 shares or 0.02% of their US portfolio. North Point Managers Corporation Oh holds 6,150 shares or 0.05% of its portfolio. Blackrock last reported 75,980 shares in the company.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 15 selling transactions for $2.08 million net activity. 15,000 shares with value of $711,390 were sold by BAGSHAW SETH H on Friday, August 19. On Wednesday, August 3 the insider Quirk Brian Charles sold $45,170. 2,000 shares with value of $82,582 were sold by HANLEY PETER on Friday, June 10. $235,545 worth of MKS Instruments, Inc. (NASDAQ:MKSI) shares were sold by COLELLA GERARD G. $13,807 worth of MKS Instruments, Inc. (NASDAQ:MKSI) shares were sold by Abrams John R. $10,100 worth of MKS Instruments, Inc. (NASDAQ:MKSI) was sold by Mora Elizabeth on Tuesday, November 1. On Wednesday, August 10 Lee John Tseng-Chung sold $461,524 worth of the stock or 9,955 shares.
More important recent MKS Instruments, Inc. (NASDAQ:MKSI) news were published by: Wsj.com which released: “MKS Instruments to Buy Newport Corp. for $897 Million in Cash” on February 23, 2016, also Seekingalpha.com published article titled: “MKS Instruments And Newport Corporation: A Marriage Of Equals”, Streetinsider.com published: “Form 8-K MKS INSTRUMENTS INC For: Oct 31” on October 31, 2016. More interesting news about MKS Instruments, Inc. (NASDAQ:MKSI) was released by: Seekingalpha.com and their article: “MKS Instruments-Newport Acquisition Brings Scale” with publication date: May 02, 2016.
MKSI Company Profile
MKS Instruments, Inc. (MKS), incorporated on June 14, 1961, is a well-known provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Firm operates through divisions, including Advanced Manufacturing Capital Equipment, Global Service, Asia Region Sales and Other. It also provides services relating to the maintenance and repair of its products, software, service and maintenance, installation services and training. The Firm groups its products into three groups of similar products upon the similarity of product function. These three groups of products are instruments, control and vacuum products; power and reactive gas products, and analytical solutions group products.
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