Investors Buy Shares of FEI Co. (FEIC) on Weakness
Investors purchased shares of FEI Co. (NASDAQ:FEIC) on weakness during trading hours on Tuesday. $36.87 million flowed into the stock on the tick-up and $6.68 million flowed out of the stock on the tick-down, for a money net flow of $30.19 million into the stock. Of all equities tracked, FEI had the 12th highest net in-flow for the day. FEI traded down ($0.12) for the day and closed at $106.18
Several equities analysts recently issued reports on FEIC shares. Zacks Investment Research cut shares of FEI from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Benchmark Co. boosted their price target on shares of FEI from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, May 5th. DA Davidson cut shares of FEI from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 6th. William Blair cut shares of FEI from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 31st. 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, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $107.00.
The stock has a 50-day moving average of $106.56 and a 200 day moving average of $89.61. The stock has a market cap of $4.34 billion and a PE ratio of 37.09.
FEI (NASDAQ:FEIC) last released its earnings results on Wednesday, May 4th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.03. During the same period in the previous year, the business earned $0.66 EPS. The firm had revenue of $229 million for the quarter, compared to analysts’ expectations of $217.72 million. The company’s revenue was up 3.6% on a year-over-year basis. Analysts forecast that FEI Co. will post $3.62 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. Stockholders of record on Thursday, July 7th were issued a $0.30 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.13%.
Several large investors have recently added to or reduced their stakes in the company. State of Wisconsin Investment Board raised its stake in FEI by 4.5% in the fourth quarter. State of Wisconsin Investment Board now owns 140,925 shares of the company’s stock valued at $11,244,000 after buying an additional 6,074 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in shares of FEI by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 26,796 shares of the company’s stock worth $2,138,000 after buying an additional 9,096 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of FEI by 1.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 28,247 shares of the company’s stock worth $2,254,000 after buying an additional 448 shares during the last quarter. Edge Asset Management Inc. raised its stake in shares of FEI by 4.6% in the fourth quarter. Edge Asset Management Inc. now owns 114,344 shares of the company’s stock worth $9,124,000 after buying an additional 5,000 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake 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 worth $37,529,000 after buying an additional 21,180 shares during the last quarter.
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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