MKS Instruments Inc. (NASDAQ:MKSI) saw an upside of 1.76% to close Friday at $91.89 after adding $1.59 on the day. The 5-day average trading volume is 534,280 shares of the company’s common stock. It has gained $95.96 in the past week and touched a new high 1 time within the past 5 days. An average of 678,715 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 621,362.
MKSI’s 1-month performance is -10.86% or -$15.79 on its low of $88.44 reached on 08/18/23. The company’s shares have touched a 52-week low of $64.77 and high of $114.15, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, MKSI has achieved 8.45% or $7.16 and has reached a new high 11 times. However, the current price is down -19.50% from the 52-week high price.
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Insider Transactions
MKSI stock investors last saw insider trading activity on Aug 07.Burke Kathleen Flaherty (EVP, GC & Secretary) most recently sold 11,563 shares at $101.23 per share on Aug 07. This transaction cost the insider $1,170,543. Director, Mora Elizabeth, sold 250 shares at a price of $108.49 on Jul 03. Then, on Jun 01, Director Moloney Jacqueline F sold 225 shares at a price of $97.16 per share. This transaction amounted to $21,861.
Valuation Metrics
MKSI stock has a beta of 1.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.57 while the price-to-book (PB) in the most recent quarter is 2.46, with the price to cash flow ratio at 24.65.
MKS Instruments Inc.’s quick ratio for the period ended June 29 was 2.00, with the current ratio over the same period at 3.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.93, while the total debt to equity was 1.97. In terms of profitability, the gross margin trailing 12 months is 43.80%. The trailing 12-month EBITDA margin is 24.53% while for the period ending June 29, MKS Instruments Inc.’s operating margin was -36.90%. The firm’s gross profit as reported stood at $1.55 billion against revenue of $3.55 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 107.35% to -$1.77 billion, while revenue of -$42.0 million was 97.63% off the previous quarter. Analysts expected MKSI to announce $1.17 per share in earnings in its latest quarter, but it posted $1.32, representing a 12.80% surprise. EBITDA for the quarter stood at more than $239.0 million. MKSI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.74 billion, with total debt at $5.12 billion. Shareholders hold equity totaling $66.86 million.
Let’s look briefly at MKS Instruments Inc. (MKSI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 29.75% to suggest the stock is trending oversold, with historical volatility in this time period at 24.72%.
The stock’s 5-day moving average is $92.82, reflecting a -2.34% or -$2.20 change from its current price. MKSI is currently trading -11.35% above its 20-day SMA, +9.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.26% and SMA200 by+11.86%.
Stochastic %K and %D was 6.03% and 5.48% and the average true range (ATR) pointed at 2.84. The RSI (14) points at 33.30%, while the 14-day stochastic is at 17.10% with the period’s ATR at 2.90. The stock’s 9-day MACD Oscillator is pointing at -3.19 and -6.04 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for MKS Instruments Inc. (NASDAQ: MKSI), The Benchmark Company upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for MKSI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MKSI as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is MKSI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $105.00 and a high of $115.00, with their median price target at $115.00. Looking at these predictions, the average price target given by analysts is for MKS Instruments Inc. (MKSI) stock is $113.00.
