MKS Instruments, Inc. (MKSI) Report Analysis
Corporate Events
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell 3000 Growth Index
2022-06-24 00:00:00
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell 3000 Growth Index
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell Small Cap Comp Growth Index
2022-06-24 00:00:00
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell Small Cap Comp Growth Index
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell Midcap Growth Index
2022-06-24 00:00:00
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell Midcap Growth Index
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell 2500 Growth Index
2022-06-24 00:00:00
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell 2500 Growth Index
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell 1000 Growth Index
2022-06-24 00:00:00
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell 1000 Growth Index
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell 3000E Growth Index
2022-06-24 00:00:00
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from Russell 3000E Growth Index
MKS Instruments, Inc.(NasdaqGS:MKSI) added to Russell 1000 Value-Defensive Index
2022-06-24 00:00:00
MKS Instruments, Inc.(NasdaqGS:MKSI) added to Russell 1000 Value-Defensive Index
MKS Instruments, Inc.(NasdaqGS:MKSI) added to Russell 1000 Defensive Index
2022-06-24 00:00:00
MKS Instruments, Inc.(NasdaqGS:MKSI) added to Russell 1000 Defensive Index
MKS Instruments, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 11:30 AM
2022-05-31 13:19:00
MKS Instruments, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 11:30 AM. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States. Speakers: John T. C. Lee, President, CEO & Director.
MKS Instruments, Inc. Declares Quarterly Cash Dividend, Payable on June 10, 2022
2022-05-11 13:00:00
MKS Instruments, Inc. announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share, payable on June 10, 2022 to shareholders of record as of May 30, 2022.
MKS Instruments, Inc. has filed a Shelf Registration in the amount of $707.14125 million.
2022-05-10 00:00:00
MKS Instruments, Inc. has filed a Shelf Registration in the amount of $707.14125 million. Security Name: Common Stock Securities Offered: 6,200,274 Transaction Features: ESOP Related Offering
MKS Instruments, Inc., $ 0.22, Cash Dividend, May-26-2022
2022-05-10 00:00:00
MKS Instruments, Inc., $ 0.22, Cash Dividend, May-26-2022
Tranche Update on MKS Instruments, Inc. (NasdaqGS:MKSI)'s Equity Buyback Plan announced on July 27, 2011.
2022-05-02 17:17:00
From January 1, 2022 to March 31, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 2,587,574 shares, representing 4.83% for $127.03 million under the buyback announced on July 27, 2011.
MKS Instruments, Inc. Provides Earnings Guidance for the Second Quarter of 2022
2022-04-26 20:30:00
MKS Instruments, Inc. provided earnings guidance for the second quarter of 2022. Based on current business levels and certain supply chain constraints and excluding any contribution from Atotech, the Company expects revenue in the second quarter of 2022 of $730 million, plus or minus $30 million.
MKS Instruments, Inc., Q1 2022 Earnings Call, Apr 27, 2022
2022-04-11 13:00:00
MKS Instruments, Inc., Q1 2022 Earnings Call, Apr 27, 2022
MKS Instruments, Inc. to Report Q1, 2022 Results on Apr 26, 2022
2022-04-11 13:00:00
MKS Instruments, Inc. announced that they will report Q1, 2022 results After-Market on Apr 26, 2022
MKS Instruments, Inc., Annual General Meeting, May 10, 2022
2022-03-31 20:20:00
MKS Instruments, Inc., Annual General Meeting, May 10, 2022, at 10:00 US Eastern Standard Time. Location: 2 Tech Drive, Suite 201 Andover Massachusetts United States Agenda: To consider the election of three Class II Directors, each for a three-year term; to consider the approval of our 2022 Stock Incentive Plan; to consider the approval, on an advisory basis, of executive compensation; and to consider the ratification of the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2022.
SPIE, SPIE Defence and Commercial Sensing, Apr 03, 2022 through Apr 07, 2022
2022-03-06 08:37:00
SPIE, SPIE Defence and Commercial Sensing, Apr 03, 2022 through Apr 07, 2022. Venue: Orlando, Florida, United States.
MKS Instruments, Inc. Presents at SPIE Defence and Commercial Sensing, Apr-03-2022
2022-03-06 08:37:00
MKS Instruments, Inc. Presents at SPIE Defence and Commercial Sensing, Apr-03-2022 . Venue: Orlando, Florida, United States.
European Advanced Process Control and Manufacturing, apc|m Europe, Apr 04, 2022 through Apr 06, 2022
2022-03-06 08:37:00
European Advanced Process Control and Manufacturing, apc|m Europe, Apr 04, 2022 through Apr 06, 2022. Venue: Toulon, France.
MKS Instruments, Inc. Presents at Apc|m Europe, Apr-04-2022
2022-03-06 08:37:00
MKS Instruments, Inc. Presents at Apc|m Europe, Apr-04-2022 . Venue: Toulon, France.
MKS Instruments, Inc. Presents at MD&M West 2022, Apr-12-2022
2022-03-06 08:37:00
MKS Instruments, Inc. Presents at MD&M West 2022, Apr-12-2022 . Venue: Anaheim Convention Center, Anaheim, California, United States.
Fraunhofer ILT, AKL 22, May 04, 2022 through May 06, 2022
2022-03-06 08:37:00
Fraunhofer ILT, AKL 22, May 04, 2022 through May 06, 2022. Venue: Achern, Germany.
MicroTEC Südwest e.V, microTEC Südwest Clusterkonferenz 2022, May 18, 2022 through May 19, 2022
2022-03-06 08:37:00
MicroTEC Südwest e.V, microTEC Südwest Clusterkonferenz 2022, May 18, 2022 through May 19, 2022. Venue: Freiburg, Germany.
Vincentz Network Gmbh & Co. Kg, EALA – European Automotive Laser Applications, 23rd European Expert Conference, May 31, 2022 through Jun 06, 2022
2022-03-06 08:37:00
Vincentz Network Gmbh & Co. Kg, EALA – European Automotive Laser Applications, 23rd European Expert Conference, May 31, 2022 through Jun 06, 2022. Venue: Bad Nauheim, Germany.
Dechema Gesellschaft Für Chemische Technik Und Biotechnologie E.V., Katalytiker 2022, Jun 27, 2022 through Jun 29, 2022
2022-03-06 08:37:00
Dechema Gesellschaft Für Chemische Technik Und Biotechnologie E.V., Katalytiker 2022, Jun 27, 2022 through Jun 29, 2022. Venue: Weimar, Germany.
MKS Instruments, Inc. Presents at AKL 22, May-04-2022
2022-03-06 08:37:00
MKS Instruments, Inc. Presents at AKL 22, May-04-2022 . Venue: Achern, Germany.
MKS Instruments, Inc. Presents at MicroTEC Südwest Clusterkonferenz 2022, May-18-2022
2022-03-06 08:37:00
MKS Instruments, Inc. Presents at MicroTEC Südwest Clusterkonferenz 2022, May-18-2022 . Venue: Freiburg, Germany.
MKS Instruments, Inc. Presents at EALA – European Automotive Laser Applications, 23rd European Expert Conference, May-31-2022
2022-03-06 08:37:00
MKS Instruments, Inc. Presents at EALA – European Automotive Laser Applications, 23rd European Expert Conference, May-31-2022 . Venue: Bad Nauheim, Germany.
MKS Instruments, Inc. Presents at Katalytiker 2022, Jun-27-2022
2022-03-06 08:37:00
MKS Instruments, Inc. Presents at Katalytiker 2022, Jun-27-2022 . Venue: Weimar, Germany.
MKS Instruments, Inc. Presents at Automatica 2022, Jun-21-2022
2022-03-06 08:37:00
MKS Instruments, Inc. Presents at Automatica 2022, Jun-21-2022 . Venue: Munich, Germany.
Messe MÜNchen Gmbh, Automatica 2022, Jun 21, 2022 through Jun 24, 2022
2022-03-05 05:17:00
Messe MÜNchen Gmbh, Automatica 2022, Jun 21, 2022 through Jun 24, 2022. Venue: Munich, Germany.
Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022
2022-03-02 19:15:00
Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.
Tranche Update on MKS Instruments, Inc. (NasdaqGS:MKSI)'s Equity Buyback Plan announced on July 27, 2011.
2022-02-28 16:28:00
From October 1, 2021 to December 31, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 2,587,574 shares, representing 4.83% for $127.03 million under the buyback announced on July 27, 2011.
MKS Instruments Declares Quarterly Cash Dividend, Payable on March 11, 2022
2022-02-08 14:00:00
MKS Instruments, Inc. announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share, payable on March 11, 2022 to shareholders of record as of February 28, 2022.
Informa Markets Limited, MD&M West 2022, Apr 12, 2022 through Apr 14, 2022
2022-01-04 13:38:00
Informa Markets Limited, MD&M West 2022, Apr 12, 2022 through Apr 14, 2022. Venue: Anaheim Convention Center, Anaheim, California, United States.
MKS Instruments, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 08:40 AM
2021-11-22 14:00:00
MKS Instruments, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 08:40 AM. Speakers: John T. C. Lee, President, CEO & Director.
MKS Instruments, Inc. Presents at Deutsche Bank Industrials Conference, Nov-17-2021 09:45 AM
2021-11-06 03:32:00
MKS Instruments, Inc. Presents at Deutsche Bank Industrials Conference, Nov-17-2021 09:45 AM. Speakers: David Ryzhik, Vice President of Investor Relations.
MKS Instruments, Inc. Provides Revenue Guidance for the Fourth Quarter of 2021
2021-10-27 20:30:00
MKS Instruments, Inc. provided revenue guidance for the fourth quarter of 2021. For the period, the company expects revenue in the fourth quarter of 2021 of $760 million, plus or minus $30 million.
Mks Instruments, Inc. Declares Quarterly Cash Dividend, Payable on December 10, 2021
2021-10-26 13:00:00
MKS Instruments, Inc. announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share, payable on December 10, 2021 to shareholders of record as of November 29, 2021. Future dividend declarations, as well as the record and payment dates for such dividends, are subject to the final determination of the company's Board of Directors.
MKS Instruments, Inc Announces Planned Executive Appointments
2021-10-26 13:00:00
MKS Instruments, Inc. announced it is planning to implement changes to its executive organization structure as part of the previously announced acquisition of Atotech Ltd. In July 2021, MKS announced it had entered into an agreement to acquire Atotech, a global leader in process chemicals, equipment, software, and services for printed circuit boards, semiconductor IC packaging and surface finishing. As MKS plans for the anticipated closing of the Atotech acquisition in the fourth quarter of 2021 and subsequent integration, the MKS Board of Directors named Jim Schreiner to be SVP and Chief Operating Officer of the Atotech division, subject to and effective upon the closing of the Atotech acquisition. In this role, Jim will lead the Atotech division of MKS, reporting to MKS President and CEO John T.C. Lee. Until that time, Jim will remain in his current role as MKS’ SVP and COO. Geoffrey Wild will remain the CEO of Atotech until the closing. In his new role, Jim will be focused on leading the growth plans and overseeing the integration of the Atotech division, including maintaining their strong customer-oriented solutions. Prior to joining MKS in 2017, Jim held different leadership roles within Emerson Automation Solutions for over 15 years and has significant experience leading international industrial organizations. In addition, the MKS Board of Directors named Dave Henry to be Senior Vice President, Operations and Corporate Marketing, also subject to and effective upon the closing of the Atotech acquisition. In this expanded role, Dave will lead global operations for the legacy MKS businesses including manufacturing, supply chain, quality, reliability and EHS functions, in addition to the Corporate Marketing, Global Service and PMO functions. Until the Atotech closing, Dave will remain in his current role as MKS’ SVP, Corporate Marketing, Project Management Office, and Global Service. Prior to joining MKS, he held various marketing and supply chain roles at 3M. Prior to 3M, Dave worked in various manufacturing and operations roles at Bose and Malden Mills. Finally, subject to and effective immediately after the Atotech closing, Geoff Wild, the current Atotech CEO, will become a member of the MKS Board of Directors. Geoff is a seasoned global chemicals executive with extensive experience in specialty chemicals and materials for the semiconductor and high technology industries, including PCBs, flat-panel displays, and electronic components. Geoff will continue to lead the Atotech business until the closing of the acquisition.
MKS Instruments, Inc., $ 0.22, Cash Dividend, Nov-26-2021
2021-10-25 00:00:00
MKS Instruments, Inc., $ 0.22, Cash Dividend, Nov-26-2021
MKS Instruments, Inc. to Report Q3, 2021 Results on Oct 27, 2021
2021-10-11 13:00:00
MKS Instruments, Inc. announced that they will report Q3, 2021 results After-Market on Oct 27, 2021
MKS Instruments, Inc., Q3 2021 Earnings Call, Oct 28, 2021
2021-10-11 13:00:00
MKS Instruments, Inc., Q3 2021 Earnings Call, Oct 28, 2021
Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021
2021-10-07 09:16:00
Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.
MKS Instruments, Inc. Presents at Berenberg US CEO Conference 2021, Nov-09-2021
2021-09-30 18:42:00
MKS Instruments, Inc. Presents at Berenberg US CEO Conference 2021, Nov-09-2021 .
MKS Instruments, Inc., Special/Extraordinary Shareholders Meeting, Nov 03, 2021
2021-09-28 10:01:00
MKS Instruments, Inc., Special/Extraordinary Shareholders Meeting, Nov 03, 2021, at 10:15 US Eastern Standard Time.
MKS Instruments, Inc. - Shareholder/Analyst Call
2021-09-28 10:01:00
General Meeting
MKS Instruments, Inc.(NasdaqGS:MKSI) dropped from PHLX Semiconductor Sector Index
2021-09-17 00:00:00
MKS Instruments, Inc. has been removed from PHLX Semiconductor Sector Index .
Deutsche Bank Securities Inc., Deutsche Bank Industrials Conference, Nov 16, 2021 through Nov 17, 2021
2021-09-15 00:00:00
Deutsche Bank Securities Inc., Deutsche Bank Industrials Conference, Nov 16, 2021 through Nov 17, 2021. The conference will be broadly represented by the following sectors: diversified industrials, engineering & construction, homebuilding & building products, machinery and will feature presentations and one-on-one/small group meetings.
Joh. Berenberg, Gossler & Co. KG, Berenberg US CEO Conference 2021, Nov 09, 2021 through Nov 10, 2021
2021-09-07 11:00:00
Joh. Berenberg, Gossler & Co. KG, Berenberg US CEO Conference 2021, Nov 09, 2021 through Nov 10, 2021.
MKS Instruments, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 08:40 AM
2021-09-01 13:00:00
MKS Instruments, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 08:40 AM. Speakers: Seth H. Bagshaw, Senior VP, CFO & Treasurer.
MKS Instruments, Inc. Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 10:30 AM
2021-09-01 13:00:00
MKS Instruments, Inc. Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 10:30 AM. Speakers: Seth H. Bagshaw, Senior VP, CFO & Treasurer.
Tranche Update on MKS Instruments, Inc. (NasdaqGS:MKSI)'s Equity Buyback Plan announced on July 27, 2011.
2021-08-05 11:08:00
From April 1, 2021 to June 30, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 2,587,574 shares, representing 4.83% for $127.03 million under the buyback announced on July 27, 2011.
MKS Instruments, Inc. Provides Earnings Guidance for the Third Quarter of 2021
2021-07-28 20:30:00
MKS Instruments, Inc. provided earnings guidance for the third quarter of 2021. The company expects revenue in the third quarter of 2021 of $720 million, plus or minus $30 million.
MKS Instruments, Inc. Presents at Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug-25-2021 12:00 PM
2021-07-28 13:42:00
MKS Instruments, Inc. Presents at Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug-25-2021 12:00 PM. Speakers: David Ryzhik, Vice President of Investor Relations, John T. C. Lee, President, CEO & Director.
Rosenblatt Securities Inc., Rosenblatt Securities Technology Summit – the Age of AI Scaling, Aug 24, 2021 through Aug 26, 2021
2021-07-28 08:31:00
Rosenblatt Securities Inc., Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug 24, 2021 through Aug 26, 2021.
MKS Instruments, Inc. Declares Quarterly Cash Dividend, Payable on September 10, 2021
2021-07-27 13:00:00
MKS Instruments, Inc. announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share, payable on September 10, 2021 to shareholders of record as of August 30, 2021.
MKS Instruments, Inc., $ 0.22, Cash Dividend, Aug-27-2021
2021-07-26 00:00:00
MKS Instruments, Inc., $ 0.22, Cash Dividend, Aug-27-2021
MKS Instruments, Inc., Q2 2021 Earnings Call, Jul 29, 2021
2021-07-12 13:00:00
MKS Instruments, Inc., Q2 2021 Earnings Call, Jul 29, 2021
MKS Instruments, Inc. to Report Q2, 2021 Results on Jul 28, 2021
2021-07-12 13:00:00
MKS Instruments, Inc. announced that they will report Q2, 2021 results After-Market on Jul 28, 2021
Atotech Limited, MKS Instruments, Inc. - M&A Call
2021-07-01 10:00:00
To discuss definitive agreement pursuant to which MKS will acquire Atotech for $16.20 in cash and 0.0552 of a share of MKS common stock for each Atotech common share
MKS Instruments, Inc. (NasdaqGS:MKSI) entered into an agreement to acquire Atotech Limited (NYSE:ATC) from The Carlyle Group Inc. (NasdaqGS:CG), Gamma Holding Company Ltd., Carlyle Partners VI Cayman Holdings, L.P., CEP IV Participations S.A R.L., SICAR and others for $5.1 billion
2021-07-01 00:00:00
MKS Instruments, Inc. (NasdaqGS:MKSI) entered into an agreement to acquire Atotech Limited (NYSE:ATC) from The Carlyle Group Inc. (NasdaqGS:CG), Gamma Holding Company Ltd., Carlyle Partners VI Cayman Holdings, L.P., CEP IV Participations S.A R.L., SICAR and others for $5.1 billion on July 1, 2021. Under the terms, $16.2 in cash and 0.0552 of a share of MKS common stock for each Atotech common share. Carlyle entities together hold 79% in Atotech. Under the Implementation Agreement, prior to the Effective Date, all outstanding options to purchase Atotech Shares will vest in full, be cancelled and extinguished, and, in the case of “in the money” options, convert into the right to receive cash consideration. On the Effective Date, all outstanding time-based restricted stock units of Atotech (“Atotech RSUs”) and performance-based restricted stock units of Atotech (“Atotech PSUs”) shall be cancelled and extinguished without payment. Former holders of Atotech RSUs will receive restricted stock units of MKS of equivalent value, calculated in accordance with an Award Exchange Ratio. MKS intends to fund the cash portion of the transaction with a combination of available cash on hand and committed debt financing. MKS Instruments, Inc. entered into a debt commitment letter, dated as of July 1, 2021, with JPMorgan Chase Bank, N.A. and Barclays Bank PLC, pursuant to which, among other things, the Commitment Parties have committed to provide the Company with a new senior secured term loan credit facility consisting of a $5.28 billion U.S. Dollar term loan to finance, in part, the acquisition of Atotech. In addition, the Commitment Parties have committed under the Commitment Letter to provide the Company with a new senior secured revolving credit facility with aggregate total commitments of $500 million, which may be used to finance, in part, the payment of fees and expenses in connection with the acquisition of Atotech, for working capital and for general corporate purposes. The new senior secured term loan credit facility and new senior secured revolving credit facility would replace the Company’s existing term loan credit facility and revolving credit facility, respectively. In connection with the acquisition of Atotech, MKS expect to incur up to $5.3 billion of additional indebtedness. The proposed syndication of a $4.25 billion term loan B credit facility (with a portion thereof to be denominated in Euro), a $1 billion term loan A credit facility and a $500 million revolving credit facility in connection with the Acquisition. MKS Board of Directors named Jim Schreiner to be Senior Vice President and Chief Operating Officer of the Atotech division, subject to and effective upon the closing of the Atotech acquisition, reporting to MKS President and Chief Executive Officer John T.C. Lee. Geoffrey Wild will remain the Chief Executive Officer of Atotech until the closing. In addition, the MKS Board of Directors named Dave Henry to be Senior Vice President, Operations and Corporate Marketing. Until the Atotech closing, Dave will remain in his current role as MKS’ SVP, Corporate Marketing, Project Management Office, and Global Service. After closing, Geoffrey Wild will become a member of the MKS Board of Directors. The transaction, expected to be implemented by way of a scheme of arrangement of Atotech under the laws of Jersey, has been unanimously approved by the MKS and Atotech boards of directors and is subject to Atotech shareholder approval, approval of the Royal Court of Jersey, regulatory approvals, and other customary closing conditions. Atotech Limited’s shareholders at the court meeting and the general meeting convened in connection with the MKS Transaction, which were each held on November 3, 2021, were passed by the requisite majority of votes. Transaction is expected to close by the fourth quarter of 2021. The transaction is expected to be accretive to Non-GAAP EPS within the first year. As on December 14, 2021, transaction received the approval, or indication of imminent approval, from 12 out of 13 global antitrust regulatory authorities, which approvals are conditions to the closing of the transaction. In China, the remaining jurisdiction, MKS and Atotech are continuing to work constructively with the State Administration for Market Regulation (“SAMR”), and now anticipate closing the acquisition in the first quarter of 2022. Completion of the transaction, which is to be effected by means of a scheme of arrangement under the laws of the Bailiwick of Jersey, is also subject to obtaining the required sanction by the Royal Court of Jersey and the satisfaction of customary closing conditions. The court hearing seeking such sanction is now expected to take place in the first quarter of 2022, rather than on December 22, 2021 as previously scheduled. As of April 1, 2022 the expected closing has been extended to September 30, 2022. Perella Weinberg Partners is acting as financial advisor and Tim Lake, Jonathan Klein and Jonathan Earle of DLA Piper LLP (US) is acting as legal advisor to MKS. WilmerHale is acting as legal advisor to MKS for the financing. J.P. Morgan and Barclays Bank PLC provided committed financing for the transaction and were advised by John Cobb, Randal Palach, Luke McDougall, Edward Holmes and Seth Chandler of Paul Hastings. Spyros Svoronos, Dhiren Shah,Edelman NY and Anish Pasari of Credit Suisse is acting as financial advisors and Richard Butterwick, David Dantzic and Patrick Shannon of Latham & Watkins LLP is acting as legal advisor to Atotech. Carey Olsen is advising MKS and Raulin Amy of Ogier is advising Atotech as to Jersey law matters. Barclays PLC (LSE:BARC) acted as financial advisor to MKS Instruments, Inc. Citigroup Inc. acted as financial advisor to Atotech Limited. Credit Suisse is acting as financial advisor and Richard Butterwick, David Dantzic and Richard Butterwick, David Dantzic and Patrick Shannon of Latham & Watkins is acting as legal advisor to Atotech. Ogier is advising Atotech as to Jersey law matters.
Fundamental Summary
MKS Instruments published its Q1 report on 2022-05-02 with positive results, but no significant factors particularly remarkable relative to its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Bottom line, MKS Instruments's financials indicate solid performance in terms of value and growth, which leads us to believe that they may become interesting again in the next few months. But for right now, we gave the company an overall grade of 70 and a HOLD recommendation.
MKS Instruments reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 742 million compared to USD 694 million a year ago. Net income was USD 143 million compared to USD 122 million a year ago. Basic earnings per share from continuing operations was USD 2.58 compared to USD 2.21 a year ago. Diluted earnings per share from continuing operations was USD 2.57 compared to USD 2.2 a year ago.
Business Description
MKS Instruments provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products. Its Light & Motion segment offers laser products, such as continuous wave and pulsed nanosecond, diode and diode-pumped solid-state, and fiber laser technologies; and photonics products comprising motion control, optical tables and vibration isolation systems, photonic instruments, optics and optical assemblies, opto-mechanical components, temperature sensing products for wafer fabrication systems, and laser and LED measurement products, including laser power and energy meters, laser beam profilers, and optical and photonic subsystems. Its Equipment & Solutions segment provides laser-based systems for printed circuit board (PCB) manufacturing, including flexible interconnect PCB processing systems and high-density interconnect solutions for rigid PCB manufacturing and substrate processing, and multi-layer ceramic capacitor test systems. It serves semiconductor, industrial technologies, life and health sciences, research, and defense markets. It sells its products and services through its direct sales organization, independent distributors, and sales representatives, as well as through its websites and product catalogs. The company was incorporated in 1961 and is headquartered in Andover, Massachusetts.
Sector Overview
MKS Instruments is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. MKS Instruments's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 20.8 | -0.9% | 65 | |
| Net Cashflow | 311.0 | -13.1% | 58 | |
| Capital Expenditure | -71.7 | 17.3% | 92 | |
| Asset Turnover | 0.7 | -1.0% | 56 | |
| Free Cashflow | 8.6 | -14.2% | 58 |
* All values are TTM
The below chart reflects MKS Instruments's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While MKS Instruments's peer average final assessment score stands on 71.0, MKS Instruments's score is 70.
- MKSI
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. MKS Instruments's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), MKS Instruments's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.
5D MA
103.19
50D MA
115.32
200D MA
144.07
MACD
-4.53
RSI
27.29
STOCH
34.95
Balance Sheet Analysis
Overall, MKS Instruments's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. MKS Instruments reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 1011.0, representing 4.6% change from the last report. This performance is significantly more impressive than its peers and competitors. It suggests that their stock price has room to grow to reflect its actual intrinsic value. The company's cash and cash equivalents movement, therefore, received a grade of 76. Also, MKS Instruments's management was effective in managing the value of the assets on their balance sheet, which now sits at 4649.0 and represents a 2.4% change from the previous report. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. The company's asset component, therefore, received a grade of 74. That said, one metric, Liabilities, stood out as particularly concerning. In terms of liabilities, MKS Instruments published uninspiring results. Their reported liabilities were 1622.0, representing a -1.9% change from the previous report. These liabilities metrics show that management has been unsuccessful in encouraging healthy growth while managing liabilities. Its liabilities movement component, therefore, received a grade of 59. Similarly, because their management is doing an excellent job managing these critical metrics, the balance sheet was given a score of 70.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 4,649.0 | 2.4% | 74 |
| Liabilities | 1,622.0 | -1.9% | 59 |
| Price to Book | 1.9 | -41.9% | 72 |
| Cash & Equivalents | 1,011.0 | 4.6% | 76 |
| Equity | 3,027.0 | 4.9% | 72 |
The below chart describes MKS Instruments's performance as reflected on its balance sheet with respect to its peers. While MKS Instruments received a balance sheet score of 70, the average of its peers stands on 71.0.
- MKSI
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 78 | 70 | 65 | 97 | 54 | 71 | 0 | 1 |
| Intel Corporation | 157.9B | 65 | 69 | 76 | 90 | 81 | 77 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 63 | 70 | 87 | 46 | 84 | 76 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 57 | 71 | 96 | 80 | 81 | 82 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 94 | 61 | 78 | 96 | 81 | 88 | 4 | 1 |
| Broadcom Inc. | 102.5B | 67 | 79 | 59 | 56 | 54 | 62 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 71 | 72 | 64 | 41 | 55 | 60 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 62 | 80 | 66 | 65 | 66 | 69 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 73 | 69 | 85 | 76 | 74 | 81 | 8 | 1 |
| Lam Research Corporation | 62.4B | 73 | 77 | 59 | 51 | 45 | 59 | 9 | 1 |
| KLA Corporation | 50.5B | 75 | 62 | 73 | 53 | 66 | 66 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 72 | 68 | 56 | 62 | 76 | 64 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 71 | 84 | 50 | 46 | 51 | 60 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 65 | 84 | 76 | 72 | 65 | 78 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 81 | 66 | 73 | 82 | 74 | 78 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 74 | 69 | 77 | 88 | 82 | 81 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 85 | 65 | 75 | 92 | 80 | 84 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 77 | 62 | 77 | 96 | 86 | 82 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 77 | 64 | 46 | 52 | 62 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 48 | 81 | 63 | 45 | 47 | 51 | 19 | 1 |
| Entegris, Inc. | 14.2B | 62 | 71 | 75 | 55 | 79 | 70 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 64 | 83 | 64 | 67 | 55 | 67 | 21 | 1 |
| First Solar, Inc. | 7.5B | 77 | 70 | 50 | 58 | 57 | 58 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 53 | 79 | 79 | 60 | 64 | 68 | 23 | 1 |
| Universal Display Corporation | 5.4B | 57 | 76 | 83 | 85 | 70 | 75 | 24 | 1 |
| Silicon Laboratories Inc. | 5.3B | 89 | 81 | 60 | 45 | 47 | 71 | 25 | 1 |
| CMC Materials, Inc. | 5.2B | 65 | 79 | 73 | 87 | 82 | 80 | 26 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 57 | 65 | 27 | 1 |
| Synaptics Incorporated | 5.1B | 71 | 71 | 78 | 92 | 76 | 81 | 28 | 1 |
| Power Integrations, Inc. | 4.5B | 55 | 82 | 59 | 79 | 56 | 61 | 29 | 1 |
| Amkor Technology, Inc. | 4.3B | 70 | 68 | 75 | 74 | 77 | 74 | 30 | 1 |
| Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 74 | 86 | 31 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 69 | 74 | 80 | 76 | 74 | 32 | 1 |
| Semtech Corporation | 3.6B | 58 | 79 | 68 | 67 | 64 | 67 | 33 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 64 | 75 | 74 | 38 | 75 | 69 | 34 | 1 |
| SunPower Corporation | 3.2B | 72 | 81 | 42 | 83 | 53 | 61 | 35 | 1 |
| FormFactor, Inc. | 3.1B | 72 | 70 | 84 | 82 | 80 | 83 | 36 | 1 |
| Diodes Incorporated | 3.1B | 46 | 78 | 71 | 51 | 72 | 61 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 40 | 85 | 60 | 40 | 47 | 54 | 38 | 1 |
| Nova Ltd. | 2.8B | 86 | 45 | 76 | 48 | 82 | 61 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 75 | 76 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 45 | 75 | 74 | 86 | 65 | 63 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 45 | 83 | 61 | 76 | 56 | 57 | 42 | 1 |
| Rambus Inc. | 2.4B | 43 | 82 | 41 | 95 | 54 | 48 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 91 | 54 | 59 | 62 | 62 | 58 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 85 | 71 | 74 | 81 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 77 | 79 | 86 | 88 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 47 | 1 |
| Impinj, Inc. | 1.4B | 62 | 68 | 78 | 39 | 92 | 72 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 55 | 78 | 68 | 48 | 68 | 63 | 49 | 1 |
| Cohu, Inc. | 1.4B | 52 | 82 | 57 | 59 | 59 | 57 | 50 | 1 |
| Photronics, Inc. | 1.3B | 53 | 85 | 66 | 76 | 66 | 68 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 90 | 63 | 75 | 95 | 82 | 86 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 84 | 72 | 41 | 78 | 47 | 58 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 89 | 64 | 67 | 87 | 67 | 77 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 54 | 81 | 64 | 90 | 51 | 62 | 55 | 1 |
| CEVA, Inc. | 804.5M | 82 | 74 | 60 | 87 | 60 | 73 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 59 | 76 | 65 | 38 | 63 | 59 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 68 | 40 | 78 | 38 | 53 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 61 | 39 | 97 | 55 | 58 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 96 | 63 | 58 | 97 | 56 | 73 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 92 | 62 | 81 | 95 | 93 | 93 | 61 | 1 |
| SiTime Corporation | 3.8B | 57 | 67 | 65 | 73 | 64 | 58 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 84 | 71 | 67 | 72 | 73 | 77 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 87 | 62 | 77 | 94 | 94 | 89 | 64 | 1 |
| Camtek Ltd. | 1.1B | 63 | 61 | 82 | 37 | 90 | 66 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 87 | 57 | 51 | 43 | 50 | 52 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 89 | 66 | 49 | 72 | 64 | 66 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 49 | 54 | 72 | 56 | 56 | 44 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 56 | 78 | 79 | 72 | 72 | 74 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 37 | 80 | 80 | 62 | 80 | 67 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 94 | 62 | 85 | 99 | 98 | 98 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 51 | 78 | 42 | 41 | 51 | 41 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 66 | 77 | 79 | 85 | 52 | 65 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 92 | 70 | 66 | 45 | 73 | 75 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 48 | 82 | 40 | 37 | 52 | 41 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 71 | 66 | 72 | 64 | 86 | 74 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 41 | 87 | 39 | 47 | 55 | 45 | 80 | 1 |
Income Statement Analysis
MKS Instruments's income statement showed strong financials, specifically Revenue Efficiency and EBITDA. MKS Instruments's financials reveal an interesting trend for their revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 18.5%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. As a result, its revenue efficiency earned a score of 78. Also, MKS Instruments's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 887.0, which represents a 1.3% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. The company's EBITDA movement, therefore, received a grade of 66. That said, one metric, Return Factors, stood out as strongly negative. MKS Instruments's reported return on equity (ROE) ratio was 20.8, representing a change of -0.9%. This metric might have a 3.1 percent impact on companies in the same industry and with the same market capitalization. They does not yet appear to be headed in the right direction regarding these return on equity and return on assets metrics. Consequently, their return factors received a grade of 65. Because its management is doing an excellent job managing these critical metrics, the income statement was given a score of 74.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 887.0 | 1.3% | 66 |
| Total Revenues | 2,997.6 | 1.6% | 78 |
| Return on Equity | 20.8 | -0.9% | 65 |
The below chart describes MKS Instruments's performance as reflected on its income statement with respect to its peers. While MKS Instruments received a income statement score of 74 , the average of its peers stands on 70.0.
- MKSI
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 46 | 83 | 68 | 63 | 0 | 1 |
| Intel Corporation | 157.9B | 90 | 55 | 73 | 76 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 69 | 78 | 71 | 74 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 48 | 87 | 79 | 66 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 40 | 89 | 38 | 59 | 4 | 1 |
| Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 72 | 68 | 73 | 72 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 40 | 91 | 93 | 65 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 59 | 88 | 90 | 74 | 8 | 1 |
| Lam Research Corporation | 62.4B | 80 | 63 | 75 | 74 | 9 | 1 |
| KLA Corporation | 50.5B | 56 | 77 | 77 | 67 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 79 | 90 | 71 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 41 | 89 | 88 | 64 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 57 | 83 | 92 | 71 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 50 | 93 | 85 | 70 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 53 | 92 | 94 | 73 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 45 | 90 | 83 | 66 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 41 | 70 | 48 | 53 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 70 | 63 | 70 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 88 | 57 | 62 | 75 | 19 | 1 |
| Entegris, Inc. | 14.2B | 56 | 80 | 80 | 69 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 76 | 65 | 63 | 71 | 21 | 1 |
| First Solar, Inc. | 7.5B | 98 | 43 | 40 | 73 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 54 | 88 | 89 | 71 | 23 | 1 |
| Universal Display Corporation | 5.4B | 71 | 63 | 61 | 68 | 24 | 1 |
| Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 25 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 76 | 93 | 76 | 26 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 27 | 1 |
| Synaptics Incorporated | 5.1B | 45 | 91 | 90 | 68 | 28 | 1 |
| Power Integrations, Inc. | 4.5B | 80 | 76 | 83 | 80 | 29 | 1 |
| Amkor Technology, Inc. | 4.3B | 63 | 76 | 77 | 70 | 30 | 1 |
| Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 31 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 48 | 67 | 61 | 32 | 1 |
| Semtech Corporation | 3.6B | 64 | 84 | 87 | 75 | 33 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 74 | 77 | 73 | 76 | 34 | 1 |
| SunPower Corporation | 3.2B | 49 | 43 | 72 | 49 | 35 | 1 |
| FormFactor, Inc. | 3.1B | 79 | 76 | 83 | 80 | 36 | 1 |
| Diodes Incorporated | 3.1B | 66 | 84 | 86 | 76 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 54 | 83 | 78 | 72 | 38 | 1 |
| Nova Ltd. | 2.8B | 41 | 89 | 78 | 70 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 56 | 89 | 79 | 71 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 73 | 82 | 85 | 79 | 42 | 1 |
| Rambus Inc. | 2.4B | 48 | 85 | 62 | 64 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 73 | 76 | 53 | 72 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 63 | 60 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 47 | 1 |
| Impinj, Inc. | 1.4B | 64 | 53 | 52 | 59 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 49 | 1 |
| Cohu, Inc. | 1.4B | 92 | 53 | 49 | 75 | 50 | 1 |
| Photronics, Inc. | 1.3B | 55 | 86 | 92 | 71 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 48 | 86 | 68 | 65 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 62 | 75 | 76 | 69 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 49 | 95 | 89 | 71 | 55 | 1 |
| CEVA, Inc. | 804.5M | 51 | 90 | 97 | 71 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 72 | 60 | 55 | 67 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 50 | 49 | 60 | 49 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 45 | 74 | 55 | 57 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 49 | 90 | 86 | 69 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 37 | 96 | 94 | 65 | 61 | 1 |
| SiTime Corporation | 3.8B | 39 | 93 | 78 | 64 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 47 | 87 | 89 | 67 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 38 | 89 | 81 | 62 | 64 | 1 |
| Camtek Ltd. | 1.1B | 50 | 81 | 71 | 68 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 88 | 42 | 42 | 67 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 45 | 95 | 90 | 69 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 37 | 47 | 69 | 43 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 94 | 80 | 88 | 90 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 56 | 45 | 72 | 53 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 92 | 44 | 69 | 73 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 37 | 45 | 70 | 43 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 89 | 47 | 51 | 74 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 41 | 86 | 65 | 65 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 97 | 50 | 83 | 79 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 54 | 87 | 87 | 71 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 37 | 81 | 97 | 68 | 80 | 1 |
Cash Flow Analysis
MKS Instruments's cash flow factors had several troubling metrics this period. MKS Instruments's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. MKS Instruments recorded asset turnover of 0.7, which represents a -1.0% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 56. Also, MKS Instruments's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as 311.0 and represented a -13.1% change from the previous period. MKS Instruments's net cash flow metrics are especially disappointing relative to their peers. Hence, their net cash flow earned a score of 58. That said, one metric, Capex, stood out as strongly positive. MKS Instruments's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. MKS Instruments recorded CapEx of -71.7, which represents 17.3% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 92. Therefore, their cash flow earned a grade of 59.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 311.0 | -13.1% | 58 |
| Capital Expenditure | -71.7 | 17.3% | 92 |
| Asset Turnover | 0.7 | -1.0% | 56 |
| Free Cashflow | 8.6 | -14.2% | 58 |
The below chart describes MKS Instruments's performance as reflected on its cash flow with respect to its peers. While MKS Instruments received a cash flow score of 59, the average of its peers stands on 68.0.
- MKSI
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 93 | 65 | 61 | 86 | 82 | 0 | 1 |
| Intel Corporation | 157.9B | 57 | 72 | 68 | 53 | 58 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 74 | 74 | 63 | 69 | 70 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 65 | 65 | 70 | 87 | 77 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 93 | 66 | 69 | 37 | 57 | 4 | 1 |
| Broadcom Inc. | 102.5B | 74 | 76 | 87 | 89 | 85 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 75 | 59 | 69 | 72 | 69 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 78 | 76 | 51 | 94 | 84 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 81 | 85 | 81 | 74 | 80 | 8 | 1 |
| Lam Research Corporation | 62.4B | 72 | 60 | 56 | 75 | 68 | 9 | 1 |
| KLA Corporation | 50.5B | 70 | 76 | 52 | 79 | 74 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 72 | 51 | 85 | 73 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 94 | 84 | 58 | 46 | 65 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 80 | 79 | 48 | 84 | 79 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 54 | 86 | 45 | 64 | 64 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 60 | 79 | 55 | 74 | 70 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 84 | 78 | 59 | 75 | 77 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 46 | 38 | 55 | 52 | 43 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 78 | 57 | 79 | 73 | 71 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 75 | 65 | 66 | 68 | 68 | 19 | 1 |
| Entegris, Inc. | 14.2B | 60 | 57 | 50 | 77 | 65 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 78 | 65 | 87 | 71 | 73 | 21 | 1 |
| First Solar, Inc. | 7.5B | 46 | 84 | 56 | 46 | 53 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 79 | 77 | 43 | 82 | 77 | 23 | 1 |
| Universal Display Corporation | 5.4B | 74 | 81 | 68 | 65 | 71 | 24 | 1 |
| Silicon Laboratories Inc. | 5.3B | 70 | 89 | 81 | 88 | 86 | 25 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 66 | 68 | 80 | 75 | 26 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 58 | 68 | 27 | 1 |
| Synaptics Incorporated | 5.1B | 85 | 62 | 98 | 55 | 67 | 28 | 1 |
| Power Integrations, Inc. | 4.5B | 88 | 77 | 64 | 82 | 82 | 29 | 1 |
| Amkor Technology, Inc. | 4.3B | 46 | 57 | 61 | 71 | 60 | 30 | 1 |
| Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 91 | 31 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 56 | 56 | 77 | 56 | 56 | 32 | 1 |
| Semtech Corporation | 3.6B | 79 | 78 | 58 | 79 | 78 | 33 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 46 | 78 | 54 | 78 | 69 | 34 | 1 |
| SunPower Corporation | 3.2B | 84 | 41 | 39 | 93 | 74 | 35 | 1 |
| FormFactor, Inc. | 3.1B | 78 | 81 | 66 | 58 | 68 | 36 | 1 |
| Diodes Incorporated | 3.1B | 77 | 61 | 52 | 80 | 72 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 63 | 53 | 46 | 85 | 61 | 38 | 1 |
| Nova Ltd. | 2.8B | 58 | 53 | 39 | 56 | 54 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 84 | 95 | 45 | 75 | 80 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 93 | 81 | 83 | 74 | 83 | 42 | 1 |
| Rambus Inc. | 2.4B | 96 | 73 | 89 | 89 | 90 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 69 | 70 | 74 | 68 | 71 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 85 | 82 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 79 | 67 | 47 | 1 |
| Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 62 | 49 | 1 |
| Cohu, Inc. | 1.4B | 92 | 62 | 71 | 44 | 59 | 50 | 1 |
| Photronics, Inc. | 1.3B | 65 | 92 | 96 | 79 | 83 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 47 | 85 | 95 | 54 | 62 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 73 | 82 | 48 | 69 | 71 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 49 | 64 | 45 | 59 | 54 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 81 | 98 | 45 | 92 | 89 | 55 | 1 |
| CEVA, Inc. | 804.5M | 57 | 54 | 84 | 83 | 71 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 51 | 37 | 87 | 71 | 59 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 90 | 59 | 88 | 84 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 77 | 64 | 40 | 60 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 57 | 74 | 76 | 46 | 55 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 78 | 86 | 63 | 96 | 89 | 61 | 1 |
| SiTime Corporation | 3.8B | 83 | 87 | 56 | 44 | 62 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 95 | 65 | 88 | 85 | 85 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 67 | 69 | 73 | 78 | 74 | 64 | 1 |
| Camtek Ltd. | 1.1B | 69 | 70 | 74 | 72 | 71 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 62 | 43 | 50 | 54 | 50 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 50 | 63 | 67 | 87 | 72 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 69 | 80 | 52 | 98 | 85 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 65 | 56 | 76 | 54 | 57 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 70 | 87 | 94 | 93 | 90 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 48 | 76 | 51 | 60 | 58 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 85 | 56 | 68 | 97 | 84 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 53 | 89 | 90 | 46 | 66 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 80 | 72 | 66 | 46 | 59 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 49 | 74 | 89 | 78 | 72 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 81 | 87 | 96 | 94 | 88 | 80 | 1 |
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