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MKS Instruments Sell-Off a Buying Opportunity: Stifel

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By Sam Boughedda

Investing.com — Stifel analyst Patrick Ho told investors in a research note Thursday that the recent sell-off in MKS Instruments Inc (NASDAQ:MKSI) shares is an attractive buying opportunity.

The analyst, reiterated a buy rating and $256 price target on MKS following its earnings results after the bell Wednesday. The company reported earnings and revenue above analyst expectations with an EPS of $3.03 on revenue of $736.9 million.

However, its shares have declined another 8% on Thursday.

Ho told investors that it has confirmed MKSI's supply chain constraints are projected to limit its Q1 outlook.

The analyst said that the firm believes its "long-term thesis on the name remains firmly intact, and the stock’s sell-off represents an attractive buying opportunity. We believe it remains well positioned in its semi business, and should see strong growth in 2022."

Ho explained that MKSI's "advanced markets business should also see a recovery in multiple markets (offset by a y-o-y decline in its PCB laser business), supplementing its semi business.

"In total, our long-term thesis remains unchanged, and we are making minor revisions to our estimates, and thus reiterate our Buy rating and $256 target price."

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