FEI Co. (FEIC) Sees Large Volume Increase
Shares of FEI Co. (NASDAQ:FEIC) saw unusually-high trading volume on Tuesday . Approximately 379,719 shares traded hands during trading, an increase of 28% from the previous session’s volume of 295,777 shares.The stock last traded at $106.50 and had previously closed at $106.60.
FEIC has been the topic of several recent research reports. Benchmark Co. increased their target price on shares of FEI from $80.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, May 5th. Zacks Investment Research lowered shares of FEI from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Stifel Nicolaus lowered shares of FEI from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. William Blair lowered shares of FEI from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 31st. Finally, DA Davidson reaffirmed a “neutral” rating and set a $107.50 target price (up previously from $90.00) on shares of FEI in a report on Tuesday, May 31st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $107.00.
The stock has a market capitalization of $4.37 billion and a price-to-earnings ratio of 41.42. The firm’s 50 day moving average is $106.55 and its 200 day moving average is $93.40.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 20th. Investors of record on Thursday, July 7th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, July 5th.
In other FEI news, VP Anthony L. Trunzo sold 35,104 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $106.61, for a total transaction of $3,742,437.44. Following the transaction, the vice president now owns 24,994 shares in the company, valued at $2,664,610.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in FEI stock. Wells Fargo & Company MN increased its position in FEI Co. (NASDAQ:FEIC) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 470,354 shares of the company’s stock after buying an additional 21,180 shares during the period. Wells Fargo & Company MN owned approximately 1.15% of FEI worth $37,529,000 at the end of the most recent reporting period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.