On October 9, MKS Instruments fell 5.03% in regular trading, trading at $260.0251/share, with Turnover of $131 million.
MKS Instruments, a provider of foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications, was dragged lower as the semiconductor equipment sector broadly declined. Peer stocks moved lower: Teradyne fell 4.94%, Lam Research fell 3.46%, Applied Materials fell 2.96%, ASML Holding NV fell 1.96%, and KLA Corporation fell 1.04%.
Earlier, on August 7, Morgan Stanley trimmed its price target on MKS Instruments from $442 to $439 while maintaining an Overweight rating. The company last reported quarterly earnings on August 5, with EPS of $3.30, beating the market expectation of $2.91.
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