Jacqueline F. Moloney, a director at MKS Instruments Inc. (NASDAQ:MKSI), has sold 300 shares of the company's common stock, according to a recent filing with the Securities and Exchange Commission. The semiconductor equipment manufacturer, which has maintained dividend payments for 14 consecutive years, currently trades near InvestingPro's Fair Value estimate. The shares were sold at a price of $114.80 each, amounting to a total transaction value of $34,440. Following this sale, Moloney retains ownership of approximately 9,983 shares in the company. The transaction was executed under a pre-established Rule 10b5-1 trading plan, which was adopted on September 10, 2024. With eight analysts recently revising earnings estimates upward and the stock showing a 30% return over the past year, investors can access comprehensive analysis through InvestingPro's detailed research reports, which cover over 1,400 US stocks including MKSI.
In other recent news, MKS Instruments reported robust financial performance in the third quarter. The company's Q3 revenue was $896 million, marking a 1% sequential increase, and operating income reached $195 million. MKS Instruments also managed to significantly reduce its debt by $426 million year-to-date. The company has adopted new bylaws and initiated a declassification process of its board, in line with the Securities and Exchange Commission's universal proxy rules.
Goldman Sachs (NYSE:GS) maintained a neutral rating on MKS Instruments, reflecting an optimistic outlook for the company's Semiconductor and Electronics & Packaging (NYSE:PKG) segments. Furthermore, MKS Instruments announced the construction of a new semiconductor factory in Malaysia, aiming to diversify manufacturing risk. The company also reported increased bookings for PCB equipment tied to smartphone and AI applications.
Looking ahead, MKS Instruments projected Q4 revenue to be between $910 million and $950 million, with semiconductor revenue expected at $380 million. This disciplined approach to cost management and strategic investments underscores these recent developments, setting the stage for the firm to effectively navigate future market conditions.
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