MKS Instruments(US:MKSI) ZACKS·2024-07-16 17:00Company Overview - MKS Instruments (MKSI) currently holds a Zacks Rank of 2 (Buy) and a Momentum Style Score of B, indicating strong potential for performance in the near term [2][12] - The company specializes in analysis and processing equipment for semiconductor companies, positioning it well within the electronics manufacturing machinery industry [7] Performance Metrics - MKSI shares have increased by 30.02% over the past quarter and 31.01% over the last year, significantly outperforming the S&P 500, which has moved 11.69% and 26.6% respectively during the same periods [9] - Over the past week, MKSI shares rose by 7.05%, while the Zacks Electronics - Manufacturing Machinery industry saw a 5.05% increase [8] Trading Volume - The average 20-day trading volume for MKSI is 846,678 shares, which serves as a baseline for price-to-volume analysis; a rising stock with above-average volume is generally considered bullish [4] Earnings Estimates - In the last 60 days, MKSI's consensus earnings estimate has increased from $4.49 to $4.98, with one upward revision and one downward revision noted for the current fiscal year [11] - For the next fiscal year, there has also been one upward and one downward revision in earnings estimates [11] Investment Strategy - Momentum investing focuses on following a stock's recent price trends, with the goal of capitalizing on established price movements; MKSI's current performance aligns with this strategy [5][6]