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Investing.com - Mizuho has raised its price target on MKS Instruments (NASDAQ:MKSI) to $175.00 from $147.00 while maintaining an Outperform rating on the stock. The new target represents potential upside from the current price of $155.33, which has already surged 93.45% over the past six months according to InvestingPro data.
The company reported its September quarter results and guided December quarter revenue to be approximately flat quarter-over-quarter at $990 million, which exceeds consensus estimates of $954 million. This guidance aligns with InvestingPro data showing MKS Instruments’ annual revenue reached $3.83 billion in the last twelve months, with 8.13% year-over-year growth.
MKS Instruments noted that semiconductor revenue decreased 4% quarter-over-quarter with slower NAND performance, while its Equipment & Process and Specialty Industrial segments grew 9% and 3% quarter-over-quarter, respectively.
The company highlighted strong artificial intelligence demand for high-density interconnect and multilayer boards as chip-on-wafer-on-substrate organic layers grow two times to 80, with AI representing approximately 15% of the Equipment & Process segment.
MKS Instruments is maintaining a debt paydown rate of $100 million per quarter and targeting a net debt to EBITDA ratio of 2.0-2.5x, down from the current 3.9x reported in the September quarter.
In other recent news, MKS Instruments Inc. reported its third-quarter 2025 financial results, exceeding analysts’ expectations. The company achieved earnings per share (EPS) of $1.93, surpassing the projected $1.84. Additionally, MKS Instruments’ revenue reached $988 million, outpacing the anticipated $963.87 million. These results indicate robust performance for the quarter. While specific analyst reactions were not detailed, the better-than-expected earnings and revenue figures are likely to influence future assessments. No recent mergers or acquisitions involving MKS Instruments have been reported. Analyst upgrades or downgrades were not mentioned in the available information. These developments underscore MKS Instruments’ current financial strength.
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