MKS Instruments (MKSI) : Royce Associates Lp reduced its stake in MKS Instruments by 15.26% during the most recent quarter end. The investment management company now holds a total of 4,120,787 shares of MKS Instruments which is valued at $149.5 Million after selling 742,207 shares in MKS Instruments , the firm said in a disclosure report filed with the SEC on May 11, 2016.MKS Instruments makes up approximately 0.97% of Royce Associates Lp’s portfolio.
Other Hedge Funds, Including , Martingale Asset Management L P added MKSI to its portfolio by purchasing 23,812 company shares during the most recent quarter which is valued at $864,137. MKS Instruments makes up approx 0.02% of Martingale Asset Management L P’s portfolio.Cim Investment Mangement Inc boosted its stake in MKSI in the latest quarter, The investment management firm added 891 additional shares and now holds a total of 7,212 shares of MKS Instruments which is valued at $260,065. MKS Instruments makes up approx 0.11% of Cim Investment Mangement Inc’s portfolio.Td Asset Management Inc boosted its stake in MKSI in the latest quarter, The investment management firm added 10,600 additional shares and now holds a total of 39,300 shares of MKS Instruments which is valued at $1.4 Million.State Of Wisconsin Investment Board boosted its stake in MKSI in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 235,972 shares of MKS Instruments which is valued at $8.5 Million. MKS Instruments makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio.Russell Frank Co boosted its stake in MKSI in the latest quarter, The investment management firm added 11,498 additional shares and now holds a total of 21,129 shares of MKS Instruments which is valued at $757,686.
MKS Instruments opened for trading at $36.25 and hit $36.85 on the upside on Monday, eventually ending the session at $36.48, with a gain of 0.52% or 0.19 points. The heightened volatility saw the trading volume jump to 2,36,758 shares. Company has a market cap of $1,947 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.