FEI Co. (FEIC) Shares Up 0%

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FEI Co. (NASDAQ:FEIC)’s share price shot up 0% during mid-day trading on Friday . The stock traded as high as $106.96 and last traded at $106.85, with a volume of 117,114 shares traded. The stock had previously closed at $106.80.
Several brokerages recently issued reports on FEIC. William Blair cut FEI from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 31st. Stifel Nicolaus cut FEI from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. Benchmark Co. cut FEI from a “buy” rating to a “hold” rating and raised their price objective for the stock from $92.00 to $107.50 in a research note on Tuesday, May 31st. Zacks Investment Research cut FEI from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, DA Davidson restated a “neutral” rating and set a $107.50 price objective (up from $90.00) on shares of FEI in a research note on Tuesday, May 31st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $107.00.
The firm has a 50 day moving average of $106.54 and a 200 day moving average of $97.30. The company has a market cap of $4.39 billion, a PE ratio of 41.61 and a beta of 1.41.

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In related news, VP Anthony L. Trunzo sold 35,104 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $106.61, for a total value of $3,742,437.44. Following the transaction, the vice president now directly owns 24,994 shares of the company’s stock, valued at approximately $2,664,610.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by corporate insiders.
About FEI
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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