MKSI - MKS Instruments: Solid Investor Day Highlights The Accelerating Growth Story

• MKS Instruments' recent investor day event did a solid job of articulating the growth potential across its Semiconductor and Advanced Markets segments.
• The growth acceleration in Advanced Electronics Manufacturing was a key highlight, underpinning the very promising top-line outlook.
• The operating leverage within MKS' model also allows it to maintain a 50% flow-through, driving a longer-term EPS baseline of $12.50/share.
• Considering the "more aggressive" internal goals, however, and the M&A potential, I see plenty of upside to the targets.
• Assuming shares continue to command a slight premium to the historical average, I believe shares still offer upside despite the recent rally.

For further details see: