FEI Co. (FEIC) Shares Down 0.1%
FEI Co. (NASDAQ:FEIC) dropped 0.1% during trading on Friday . The company traded as low as $106.83 and last traded at $106.95, with a volume of 226,784 shares. The stock had previously closed at $107.01.
FEIC has been the topic of a number of research reports. Goldman Sachs Group Inc. lifted their price target on shares of FEI to $94.00 in a report on Wednesday, March 23rd. Benchmark Co. lifted their price target on shares of FEI from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Zacks Investment Research raised shares of FEI from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Wednesday, April 6th. DA Davidson cut shares of FEI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 6th. Finally, Stifel Nicolaus cut shares of FEI from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. FEI presently has a consensus rating of “Hold” and a consensus target price of $107.00.
The company’s 50 day moving average price is $104.01 and its 200-day moving average price is $86.89. The stock has a market cap of $4.36 billion and a PE ratio of 37.30.
FEI (NASDAQ:FEIC) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.03. The company had revenue of $229 million for the quarter, compared to analysts’ expectations of $217.72 million. During the same period in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that FEI Co. will post $3.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 20th. Shareholders of record on Thursday, July 7th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $1.20 annualized dividend and a yield of 1.12%.
Other large investors recently added to or reduced their stakes in the company. Sivik Global Healthcare LLC bought a new stake in FEI during the fourth quarter valued at about $1,596,000. Morgan Stanley boosted its stake in FEI by 31.2% in the fourth quarter. Morgan Stanley now owns 23,471 shares of the company’s stock valued at $1,874,000 after buying an additional 5,577 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in FEI by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 26,796 shares of the company’s stock valued at $2,138,000 after buying an additional 9,096 shares during the period. Mutual of America Capital Management LLC boosted its stake in FEI by 1.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 28,247 shares of the company’s stock valued at $2,254,000 after buying an additional 448 shares during the period. Finally, Strs Ohio boosted its stake in FEI by 4.2% in the fourth quarter. Strs Ohio now owns 68,700 shares of the company’s stock valued at $5,481,000 after buying an additional 2,800 shares during the period.
FEI Company is a supplier of scientific instruments and related services for nanoscale applications and solutions for industry and science. The Company operates in two segments: Industry Group and Science Group. The Industry Group 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 natural resources industries, including mining and oil and gas.
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