Alpine Partners VI LLC purchased a new position in shares of FEI Co. (NASDAQ:FEIC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,940 shares of the company’s stock, valued at approximately $1,917,000. FEI makes up about 0.9% of Alpine Partners VI LLC’s portfolio, making the stock its 29th largest position.
Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in shares of FEI by 927.1% in the second quarter. FMR LLC now owns 1,968,500 shares of the company’s stock worth $210,393,000 after buying an additional 1,776,839 shares during the last quarter. Norges Bank purchased a new stake in FEI during the fourth quarter worth $42,615,000. Wellington Management Group LLP raised its stake in FEI by 19.0% in the first quarter. Wellington Management Group LLP now owns 2,324,171 shares of the company’s stock worth $206,874,000 after buying an additional 370,365 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in FEI during the second quarter worth $22,007,000. Finally, Gabelli Funds LLC purchased a new stake in FEI during the second quarter worth $21,660,000. Institutional investors own 97.73% of the company’s stock.
FEI Co. (NASDAQ:FEIC) opened at 106.89 on Thursday. FEI Co. has a one year low of $64.93 and a one year high of $108.35. The stock has a 50 day moving average of $106.65 and a 200-day moving average of $98.82.
Separately, Zacks Investment Research raised shares of FEI from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Tuesday, August 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. FEI presently has an average rating of “Hold” and a consensus price target of $107.00.
In other 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 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 Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by insiders.
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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