BofA analyst Vivek Arya raised the firm’s price target on MKS Inc. (MKSI) to $110 from $100 and keeps a Buy rating on the shares. The company reported “solid” Q2 results as semiconductor revenues benefited from “very strong” NAND upgrade activity driving momentum in RF power solutions, the analyst tells investors in a research note. The firm also noted that the company’s AI exposure continues to grow, as its AI advanced packaging grew to 15% from 5% of the total advanced packaging business.
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- MKS Inc. reports Q2 non-GAAP EPS $1.77, consensus $1.64
- MKS Inc. sees Q3 non-GAAP EPS $1.80 plus/minus 29c, consensus $1.70