Analysts Set FEI Co. (NASDAQ:FEIC) PT at $103.00
Shares of FEI Co. (NASDAQ:FEIC) have earned an average rating of “Hold” from the eight brokerages that are presently covering the stock. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $103.00.
Separately, Zacks Investment Research raised shares of FEI from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a report on Tuesday, July 5th.
FEI (NASDAQ:FEIC) opened at 106.89 on Monday. FEI has a 12-month low of $64.93 and a 12-month high of $108.35. The firm’s 50-day moving average price is $106.65 and its 200 day moving average price is $98.82.
In related news, VP Anthony L. Trunzo sold 35,104 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $106.61, for a total value of $3,742,437.44. Following the completion of the transaction, the vice president now directly owns 24,994 shares of the company’s stock, valued at approximately $2,664,610.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.98% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in FEIC. Wellington Management Group LLP raised its position in shares of FEI by 19.0% in the first quarter. Wellington Management Group LLP now owns 2,324,171 shares of the company’s stock worth $206,874,000 after buying an additional 370,365 shares during the last quarter. FMR LLC raised its position in shares of FEI by 927.1% in the second quarter. FMR LLC now owns 1,968,500 shares of the company’s stock worth $210,393,000 after buying an additional 1,776,839 shares during the last quarter. Janus Capital Management LLC raised its position in shares of FEI by 1.8% in the second quarter. Janus Capital Management LLC now owns 1,568,696 shares of the company’s stock worth $167,662,000 after buying an additional 26,993 shares during the last quarter. State Street Corp raised its position in shares of FEI by 0.8% in the first quarter. State Street Corp now owns 1,319,191 shares of the company’s stock worth $117,427,000 after buying an additional 10,299 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of FEI by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,193,371 shares of the company’s stock worth $127,547,000 after buying an additional 8,904 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.
FEI Company is a supplier of scientific instruments and related services for nanoscale applications and solutions for industry and science. The Company operates through two segments: Industry Group, which consists of customers in semiconductor integrated circuit manufacturing and related industries, such as manufacturers of data storage equipment and other technologies, as well as customers in the oil and gas industry, and Science Group, which includes universities, research laboratories and customers in a range of industries, including metals, automobiles, aerospace, geosciences and forensics.
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