MKS Instruments director Gerard Colella sells $836,224 in stock

Published 20/02/2025, 00:20
MKS Instruments director Gerard Colella sells $836,224 in stock

Gerard Colella, a director at MKS Instruments Inc. (NASDAQ:MKSI), recently sold a significant portion of the company’s stock. According to a recent SEC filing, Colella disposed of 8,000 shares of common stock on February 18, 2025. The sale comes at a time when InvestingPro data shows MKSI trading at a P/E ratio of 38x, notably above market averages, with the stock showing significant volatility in recent months. The transaction was executed at a weighted average price of $104.528, bringing the total sale to approximately $836,224.

Following this transaction, Colella holds 60,017 shares indirectly through the Gerald G. Colella 2019 Trust. Additionally, he retains direct ownership of 5,737.588 shares. The sale was conducted in multiple trades, with prices ranging from $104.37 to $104.68, as noted in the filing.

In other recent news, MKS Instruments has reported strong financial results for the December quarter, with revenue and earnings per share surpassing market expectations. However, the company’s guidance for the March quarter indicates a 3% decline in revenue to $910 million, consistent with consensus estimates. Despite this, analysts from Benchmark, Needham, JPMorgan, and Mizuho (NYSE:MFG) have maintained positive ratings on the stock, citing various factors such as a potential cyclical upturn in the semiconductor market and improvements in DRAM and NAND sectors. Benchmark and Needham have adjusted their price targets to $135 and $145, respectively, while maintaining a Buy rating. JPMorgan also revised its target to $135, keeping an Overweight rating, and noted the company’s exposure to NAND market recovery and growth in process control and lithography applications.

Goldman Sachs, on the other hand, has slightly raised its price target to $129, maintaining a Neutral rating due to a weaker forecast for the Specialty Industrial segment. Mizuho increased its target to $130, highlighting MKS Instruments’ debt reduction efforts and expected growth above the wafer fabrication equipment market average. The company has been actively managing its debt, with significant repayments noted in recent quarters. Analysts have expressed optimism about the company’s long-term prospects, despite some near-term challenges in specific segments.

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