Neumeier Poma Investment Counsel Lowers stake in MKS Instruments (MKSI)

MKS Instruments (MKSI) : Neumeier Poma Investment Counsel reduced its stake in MKS Instruments by 8.04% during the most recent quarter end. The investment management company now holds a total of 577,485 shares of MKS Instruments which is valued at $27,124,470 after selling 50,510 shares in MKS Instruments , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.MKS Instruments makes up approximately 4.07% of Neumeier Poma Investment Counsel’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in MKSI by selling 15,202 shares or 15.22% in the most recent quarter. The Hedge Fund company now holds 84,706 shares of MKSI which is valued at $3,978,641. MKS Instruments makes up approx 0.01% of Rhumbline Advisers’s portfolio.New York State Common Retirement Fund boosted its stake in MKSI in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 53,100 shares of MKS Instruments which is valued at $2,494,107.Royce Associates Lp reduced its stake in MKSI by selling 666,546 shares or 16.18% in the most recent quarter. The Hedge Fund company now holds 3,454,241 shares of MKSI which is valued at $161,105,800. MKS Instruments makes up approx 1.00% of Royce Associates Lp’s portfolio.Simplex Trading reduced its stake in MKSI by selling 618 shares or 55.23% in the most recent quarter. The Hedge Fund company now holds 501 shares of MKSI which is valued at $23,607.

MKS Instruments closed down -0.06 points or -0.12% at $48.73 with 2,15,735 shares getting traded on Tuesday. Post opening the session at $49.2, the shares hit an intraday low of $48.72 and an intraday high of $49.2 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, MKS Instruments reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.48. The company had revenue of $325.90 million for the quarter, compared to analysts expectations of $288.62 million. The company’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on MKS Instruments. Company shares were Reiterated by Dougherty & Company on Jun 13, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .

MKS Instruments Inc. (MKS) is a provider of instruments subsystems and process control solutions that measures controls powers monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates in four segments: Advanced Manufacturing Capital Equipment; Analytical Solutions Group; Europe Region Sales & Service and Asia Region Sales & Service. The Advanced Manufacturing Capital Equipment segment includes the development manufacture sales and servicing of instruments and control products power and reactive gas products materials delivery products and vacuum products. The Analytical Solutions Group includes gas composition analysis information technology products and custom fabrication services. The Europe and Asia region sales and service segments resell and service the Advanced Manufacturing Capital Equipment and Analytical Solutions Group products sold into their respective regions.

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