FEI Co. (FEIC) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its stake in FEI Co. (NASDAQ:FEIC) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 386,336 shares of the company’s stock after buying an additional 578 shares during the period. Dimensional Fund Advisors LP owned approximately 0.95% of FEI worth $41,291,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Springbok Capital Management LLC purchased a new stake in shares of FEI during the first quarter valued at $131,000. Checchi Capital Advisers LLC purchased a new stake in shares of FEI during the second quarter valued at $141,000. World Asset Management Inc purchased a new stake in shares of FEI during the second quarter valued at $213,000. Advisors Asset Management Inc. boosted its stake in shares of FEI by 54.2% in the second quarter. Advisors Asset Management Inc. now owns 2,048 shares of the company’s stock valued at $219,000 after buying an additional 720 shares in the last quarter. Finally, Calvert Investment Management Inc. purchased a new stake in shares of FEI during the second quarter valued at $227,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FEI Co. (NASDAQ:FEIC) opened at 106.89 on Friday. The stock’s 50 day moving average is $106.65 and its 200 day moving average is $98.82. FEI Co. has a 1-year low of $64.93 and a 1-year high of $108.35.
Separately, Zacks Investment Research raised shares of FEI from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Tuesday, July 5th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. FEI has an average rating of “Hold” and a consensus target price of $107.00.
In other FEI news, VP Anthony L. Trunzo sold 35,104 shares of FEI stock in a transaction dated 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 completion of the sale, the vice president now owns 24,994 shares in the company, valued at approximately $2,664,610.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.98% of the stock is currently owned by company insiders.
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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