MKS Instruments: The Pullback Opens a New Comeback Opportunity

After +28% in the second quarter, semiconductor revenue is expected to grow by more than 50% in the third quarter
Citi sees a price target of $430 (Buy) currently implying around 65% upside potential
Andreas Zehetner
A. Zehetner
Reading Time: 2 minutes

MKS Instruments (MKSI) looks very attractive to me again after the pullback of more than 40% from its all-time high. The company is not an ordinary semiconductor supplier, but covers more than 85% of the applications for wafer manufacturing systems with its critical subsystems and holds a number 1 or number 2 market position in 19 product categories. At the same time, the stock is testing the GD200 and is again attractively valued with a forward P/E ratio of around 15.3. For me, it is crucial that the correction has not been accompanied by a weakening...

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