MKS Instruments Inc. (NASDAQ:MKSI) director Elizabeth Mora has sold a portion of her company stock, according to a recent regulatory filing. On June 3, Mora sold 275 shares of MKS Instruments at a price of $129.41 per share, totaling over $35,587.
The transaction was conducted under a Rule 10b5-1 trading plan, which was previously adopted by Mora on February 15, 2024. This type of plan allows company insiders to set up a predetermined schedule for buying and selling stocks at a time when they are not in possession of material non-public information, to avoid accusations of insider trading.
Following the sale, Mora still retains a substantial interest in the company with 18,209.055 shares remaining in her possession. The sale was executed directly, indicating that the shares were owned by Mora herself and not through a trust or other entity.
MKS Instruments, headquartered in Andover, Massachusetts, is a global provider of instruments, systems, subsystems, and process control solutions that measure, control, power, monitor, and analyze critical parameters of advanced manufacturing processes.
The stock transaction comes as part of the regular financial activities of company executives and is disclosed to the public to ensure transparency. Investors often monitor such sales as they can provide insights into an insider's view of the company's current valuation and future prospects.
The signature on the filing was provided by M. Kathryn Rickards, attorney-in-fact, indicating that she is authorized to act on behalf of Mora for such transactions. The sale was made public through the filing with the Securities and Exchange Commission on June 4, the day following the transaction.
InvestingPro Insights
Amid the news of MKS Instruments Inc. (NASDAQ:MKSI) director Elizabeth Mora's stock sale, investors may be seeking a broader context on the company's financial health and market performance. According to InvestingPro data, MKS Instruments currently holds a market capitalization of $8.28 billion, reflecting its standing in the industry. However, the company's P/E ratio stands at a negative -4.61, suggesting that it has been facing profitability challenges in the recent past. This is further emphasized by the significant negative P/E ratio for the last twelve months as of Q1 2024, which is -54.58.
Nevertheless, an InvestingPro Tip highlights that analysts have revised their earnings upwards for the upcoming period, indicating a potential turnaround in profitability. This is corroborated by another tip indicating that analysts predict the company will be profitable this year. These insights could be particularly relevant for investors considering the recent insider stock sale and pondering the company's future earnings potential.
On the performance front, MKS Instruments has experienced a large price uptick over the last six months, with a 50.9% total return, and has maintained a steady dividend yield of 0.7%, which may appeal to income-focused investors. Additionally, the company has a track record of maintaining dividend payments for 14 consecutive years, which speaks to its commitment to returning value to shareholders.
For those interested in a deeper analysis, InvestingPro offers additional metrics and tips, with a total of 7 more InvestingPro Tips available for MKS Instruments at https://www.investing.com/pro/MKSI. To gain access to these valuable insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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