FEI Co. (NASDAQ:FEIC) Receives Average Recommendation of “Hold” from Analysts
Shares of FEI Co. (NASDAQ:FEIC) have been given an average rating of “Hold” by the eight analysts that are presently covering the firm. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $103.00.
Separately, Zacks Investment Research upgraded shares of FEI from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a report on Tuesday, August 9th.
In other news, VP Anthony L. Trunzo sold 35,104 shares of FEI stock in a transaction that occurred 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 transaction, the vice president now owns 24,994 shares of the company’s stock, valued at $2,664,610.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.98% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FEIC. Point72 Asia Hong Kong Ltd purchased a new position in FEI during the second quarter worth approximately $128,000. Springbok Capital Management LLC purchased a new position in FEI during the first quarter worth approximately $131,000. Checchi Capital Advisers LLC purchased a new position in FEI during the second quarter worth approximately $141,000. BlueMountain Capital Management LLC purchased a new position in FEI during the second quarter worth approximately $156,000. Finally, Ancora Advisors LLC purchased a new position in FEI during the second quarter worth approximately $201,000. 97.73% of the stock is currently owned by institutional investors.
FEI (NASDAQ:FEIC) remained flat at $106.89 on Monday. FEI has a 1-year low of $64.93 and a 1-year high of $108.35. The company’s 50-day moving average is $106.65 and its 200 day moving average is $98.82.
FEI Company Profile
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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