Kassirer Asset Management Corp bought a new position in FEI Co. (NASDAQ:FEIC) during the second quarter, Holdings Channel reports. The fund bought 54,600 shares of the company’s stock, valued at approximately $5,836,000. FEI accounts for 2.7% of Kassirer Asset Management Corp’s holdings, making the stock its 13th largest position.
Several other hedge funds have also modified their holdings of the company. Capital Fund Management S.A. acquired a new stake in shares of FEI during the second quarter worth $704,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of FEI during the second quarter worth $2,138,000. Confluence Investment Management LLC boosted its stake in shares of FEI by 1.6% in the second quarter. Confluence Investment Management LLC now owns 32,619 shares of the company’s stock worth $3,486,000 after buying an additional 520 shares during the period. Checchi Capital Advisers LLC acquired a new stake in shares of FEI during the second quarter worth $141,000. Finally, LS Investment Advisors LLC boosted its stake in shares of FEI by 71.0% in the second quarter. LS Investment Advisors LLC now owns 2,474 shares of the company’s stock worth $264,000 after buying an additional 1,027 shares during the period. 97.73% of the stock is currently owned by institutional investors.
FEI Co. (NASDAQ:FEIC) remained flat at $106.89 during trading on Wednesday. The firm has a 50 day moving average of $106.65 and a 200 day moving average of $98.82. FEI Co. has a one year low of $64.93 and a one year high of $108.35.
A number of brokerages have weighed in on FEIC. Zacks Investment Research cut shares of FEI from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. DA Davidson reissued a “neutral” rating and set a $107.50 target price (up from $90.00) on shares of FEI in a report on Tuesday, May 31st. Benchmark Co. cut shares of FEI from a “buy” rating to a “hold” rating and increased their price objective for the stock from $92.00 to $107.50 in a report on Tuesday, May 31st. 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. FEI presently has a consensus 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 on Wednesday, August 10th. The stock was sold at an average price of $106.61, for a total transaction of $3,742,437.44. Following the completion of the transaction, the vice president now directly owns 24,994 shares of the company’s stock, valued at $2,664,610.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.98% of the company’s stock.
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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