Neumeier Poma Investment Counsel buys $22.8 Million stake in MKS Instruments (MKSI)

MKS Instruments (MKSI) : Neumeier Poma Investment Counsel scooped up 78,590 additional shares in MKS Instruments during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 627,995 shares of MKS Instruments which is valued at $22.8 Million.MKS Instruments makes up approximately 3.75% of Neumeier Poma Investment Counsel’s portfolio.

Other Hedge Funds, Including , Artisan Partners Limited Partnership reduced its stake in MKSI by selling 71,973 shares or 19.47% in the most recent quarter. The Hedge Fund company now holds 297,695 shares of MKSI which is valued at $10.8 Million. MKS Instruments makes up approx 0.02% of Artisan Partners Limited Partnership’s portfolio.Keybank National Associationoh reduced its stake in MKSI by selling 773 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 43,155 shares of MKSI which is valued at $1.6 Million. MKS Instruments makes up approx 0.01% of Keybank National Associationoh’s portfolio. Amalgamated Bank added MKSI to its portfolio by purchasing 5,730 company shares during the most recent quarter which is valued at $207,942. MKS Instruments makes up approx 0.02% of Amalgamated Bank’s portfolio.Comerica Bank boosted its stake in MKSI in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 54,091 shares of MKS Instruments which is valued at $2 Million. MKS Instruments makes up approx 0.02% of Comerica Bank’s portfolio.Tiaa Cref Investment Management reduced its stake in MKSI by selling 8,302 shares or 3.84% in the most recent quarter. The Hedge Fund company now holds 207,782 shares of MKSI which is valued at $7.5 Million. MKS Instruments makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.

MKS Instruments opened for trading at $36.3 and hit $37.91 on the upside on Friday, eventually ending the session at $37.53, with a gain of 4.39% or 1.58 points. The heightened volatility saw the trading volume jump to 5,17,253 shares. Company has a market cap of $2,003,126 M.

On the company’s financial health, MKS Instruments reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.33. The company had revenue of $183.70 million for the quarter, compared to analysts expectations of $177.19 million. The company’s revenue was down -14.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Investors should note that on May 3, 2016, MKS Instruments announced a cash dividend of $0.1700. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 30, 2016. The payable date has been fixed on Jun 10, 2016.

Many Wall Street Analysts have commented on MKS Instruments. 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 .Company shares were Reiterated by Dougherty & Company on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .

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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