Meritage Portfolio Management Lowers stake in MKS Instruments (MKSI)

MKS Instruments (MKSI) : Meritage Portfolio Management reduced its stake in MKS Instruments by 1.15% during the most recent quarter end. The investment management company now holds a total of 140,740 shares of MKS Instruments which is valued at $5,277,750 after selling 1,635 shares in MKS Instruments , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.MKS Instruments makes up approximately 0.59% of Meritage Portfolio Management’s portfolio.

MKS Instruments opened for trading at $37.34 and hit $38.13 on the upside on Wednesday, eventually ending the session at $37.97, with a gain of 1.33% or 0.5 points. The heightened volatility saw the trading volume jump to 3,30,419 shares. Company has a market cap of $2,022 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in MKSI during the most recent quarter. The investment firm sold 2,100 shares of MKSI which is valued $78,750. Thomson Horstmann Bryant Inc added MKSI to its portfolio by purchasing 20,971 company shares during the most recent quarter which is valued at $786,413. MKS Instruments makes up approx 0.09% of Thomson Horstmann Bryant Inc’s portfolio.First Citizens Bank Trust Co reduced its stake in MKSI by selling 10,133 shares or 42.8% in the most recent quarter. The Hedge Fund company now holds 13,544 shares of MKSI which is valued at $507,900. MKS Instruments makes up approx 0.04% of First Citizens Bank Trust Co’s portfolio. Hays Advisory added MKSI to its portfolio by purchasing 90,811 company shares during the most recent quarter which is valued at $3,478,969. MKS Instruments makes up approx 0.49% of Hays Advisory’s portfolio.

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.

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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