FEI Co. (NASDAQ:FEIC) dropped 0.1% on Friday . The company traded as low as $106.83 and last traded at $106.95, with a volume of 226,784 shares traded. The stock had previously closed at $107.01.

FEIC has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of FEI from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Goldman Sachs Group Inc. upped their target price on shares of FEI to $94.00 in a report on Wednesday, March 23rd. Benchmark Co. upped their target price on shares of FEI from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. DA Davidson lowered shares of FEI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 6th. Finally, William Blair lowered shares of FEI from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $107.00.

The stock has a market capitalization of $4.36 billion and a PE ratio of 37.30. The company’s 50 day moving average is $104.63 and its 200-day moving average is $87.10.

FEI (NASDAQ:FEIC) last issued its earnings results on Wednesday, May 4th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.03. The business had revenue of $229 million for the quarter, compared to analyst estimates of $217.72 million. During the same period in the previous year, the business earned $0.66 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that FEI Co. will post $3.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 20th. Shareholders of record on Thursday, July 7th will be issued 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%.

A number of hedge funds and institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of FEI by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 340,304 shares of the company’s stock valued at $27,155,000 after buying an additional 28,116 shares during the period. Eaton Vance Management boosted its position in shares of FEI by 11.0% in the fourth quarter. Eaton Vance Management now owns 302,258 shares of the company’s stock valued at $24,117,000 after buying an additional 29,896 shares during the period. Aberdeen Asset Management PLC UK boosted its position in shares of FEI by 26.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 240,425 shares of the company’s stock valued at $18,551,000 after buying an additional 49,575 shares during the period. Principal Financial Group Inc. boosted its position in shares of FEI by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 128,160 shares of the company’s stock valued at $10,226,000 after buying an additional 1,076 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of FEI by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 470,354 shares of the company’s stock valued at $37,529,000 after buying an additional 21,180 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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