MKS Instruments Inc. (NASDAQ:MKSI) director Mora Elizabeth recently sold 275 shares of the company's common stock. The transaction was executed on December 2, 2024, at a price of $113.41 per share, amounting to a total sale value of $31,187. Following this transaction, Mora holds approximately 17,659 shares directly. The stock, which has shown significant volatility according to InvestingPro data, has delivered an impressive 41% return over the past year. With a market capitalization of $7.9 billion, analysts have set price targets ranging from $119 to $160 per share, though current metrics suggest the stock may be trading above its Fair Value. This sale was conducted under a Rule 10b5-1 trading plan, which was set up earlier this year in February. For deeper insights into MKSI's valuation metrics and eight additional exclusive ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, MKS Instruments reported a steady financial performance in the third quarter, with a 1% sequential increase in revenue to $896 million and significant debt reduction of $426 million year-to-date. The company's operating income reached $195 million, and semiconductor revenue rose by 3% to $378 million. Goldman Sachs (NYSE:GS) maintained a Neutral rating on MKS Instruments and raised the stock target, reflecting a more optimistic outlook for the company, particularly in its Semiconductor and Electronics & Packaging (NYSE:PKG) segments.
In other developments, MKS Instruments adopted new bylaws and initiated a process to declassify its board, aligning with the universal proxy rules adopted by the Securities and Exchange Commission. The company also announced the construction of a new semiconductor factory in Malaysia to diversify manufacturing risk and reported increased bookings for PCB equipment tied to smartphone and AI applications.
Looking forward, MKS Instruments projected Q4 revenue to be between $910 million and $950 million, with semiconductor revenue expected at $380 million. These recent developments underscore MKS Instruments' disciplined approach to cost management and strategic investments.
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