Royce Associates Lp Lowers stake in MKS Instruments (MKSI)

MKS Instruments (MKSI) : Royce Associates Lp reduced its stake in MKS Instruments by 22.79% during the most recent quarter end. The investment management company now holds a total of 2,667,110 shares of MKS Instruments which is valued at $143,890,585 after selling 787,131 shares in MKS Instruments , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.MKS Instruments makes up approximately 0.90% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in MKSI in the latest quarter, The investment management firm added 12,543 additional shares and now holds a total of 257,384 shares of MKS Instruments which is valued at $13,885,867. MKS Instruments makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio. Camarda Financial Advisors sold out all of its stake in MKSI during the most recent quarter. The investment firm sold 33,464 shares of MKSI which is valued $1,674,873.Riverhead Capital Management reduced its stake in MKSI by selling 1,570 shares or 52.86% in the most recent quarter. The Hedge Fund company now holds 1,400 shares of MKSI which is valued at $70,070.Nationwide Fund Advisors boosted its stake in MKSI in the latest quarter, The investment management firm added 16,812 additional shares and now holds a total of 97,201 shares of MKS Instruments which is valued at $4,801,729. MKS Instruments makes up approx 0.02% of Nationwide Fund Advisors’s portfolio. Farmers Merchants Investments Inc added MKSI to its portfolio by purchasing 142 company shares during the most recent quarter which is valued at $6,951.

MKS Instruments opened for trading at $56.7 and hit $57 on the upside on Monday, eventually ending the session at $56.5, with a gain of 0.18% or 0.1 points. The heightened volatility saw the trading volume jump to 3,23,759 shares. Company has a market cap of $3,028 M.

On the company’s financial health, MKS Instruments reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.77. The company had revenue of $380.66 million for the quarter, compared to analysts expectations of $370.13 million. The company’s revenue was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on MKS Instruments. Citigroup Initiated MKS Instruments on Oct 12, 2016 to “Buy”, Price Target of the shares are set at $59.

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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