MKS Instruments (MKSI) : Royce Associates Lp reduced its stake in MKS Instruments by 16.18% during the most recent quarter end. The investment management company now holds a total of 3,454,241 shares of MKS Instruments which is valued at $161,105,800 after selling 666,546 shares in MKS Instruments , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.MKS Instruments makes up approximately 1.00% of Royce Associates Lp’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc reduced its stake in MKSI by selling 4,218 shares or 12.45% in the most recent quarter. The Hedge Fund company now holds 29,664 shares of MKSI which is valued at $1,383,529. MKS Instruments makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio. Princeton Alpha Management Lp sold out all of its stake in MKSI during the most recent quarter. The investment firm sold 15,682 shares of MKSI which is valued $738,309.Ghp Investment Advisors boosted its stake in MKSI in the latest quarter, The investment management firm added 1,158 additional shares and now holds a total of 31,900 shares of MKS Instruments which is valued at $1,457,192. MKS Instruments makes up approx 0.28% of Ghp Investment Advisors’s portfolio.Cutler Group Lp reduced its stake in MKSI by selling 16 shares or 9.58% in the most recent quarter. The Hedge Fund company now holds 151 shares of MKSI which is valued at $7,047.
MKS Instruments opened for trading at $47.09 and hit $47.255 on the upside on Monday, eventually ending the session at $47.02, with a gain of 0.11% or 0.05 points. The heightened volatility saw the trading volume jump to 5,46,454 shares. Company has a market cap of $2,519 M.
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.
Investors should note that on Jul 27, 2016, MKS Instruments announced a cash dividend of $0.1700. The company’s management has announced Aug 25, 2016 as the ex-dividend date and fixed the record date on Aug 29, 2016. The payable date has been fixed on Sep 9, 2016.
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 .Company shares were Reiterated by Stifel on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $43 .
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.