Benchmark Co. analyst Mark Miller has maintained their bullish stance on MKSI stock, giving a Buy rating today.
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Mark Miller has given his Buy rating due to a combination of factors influencing MKS Instruments’ performance. The company reported strong first-quarter results for 2025, with non-GAAP earnings per share surpassing both company guidance and investor expectations. This performance was bolstered by significant year-over-year growth in the Semiconductor and Electronics and Packaging markets, indicating robust demand in these sectors.
Additionally, MKS Instruments is expected to benefit from a cyclical upturn in the semiconductor market, driven by increased DRAM sales and a recovery in NAND capital expenditures. These factors, along with improvements in the global economy, are anticipated to contribute to a 20% year-over-year growth in the company’s bottom line by 2026, leading to projected non-GAAP earnings of $8.59 per share. Consequently, Mark Miller maintains a Buy rating with a target price of $135.