Advisors Asset Management Inc. boosted its stake in FEI Co. (NASDAQ:FEIC) by 54.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,048 shares of the company’s stock after buying an additional 720 shares during the period. Advisors Asset Management Inc.’s holdings in FEI were worth $219,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of FEI during the fourth quarter worth $42,615,000. Wellington Management Group LLP increased its stake in shares of 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. Gabelli Funds LLC bought a new stake in shares of FEI during the second quarter worth $21,660,000. SG Americas Securities LLC increased its stake in shares of FEI by 1,194.7% in the second quarter. SG Americas Securities LLC now owns 176,430 shares of the company’s stock worth $18,857,000 after buying an additional 162,803 shares during the period. Finally, Royce & Associates LP increased its stake in shares of FEI by 143.2% in the first quarter. Royce & Associates LP now owns 235,952 shares of the company’s stock worth $21,002,000 after buying an additional 138,952 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.
Shares of FEI Co. (NASDAQ:FEIC) remained flat at $106.89 during trading on Tuesday. The firm has a 50-day moving average price of $106.65 and a 200 day moving average price of $98.82. FEI Co. has a 12 month low of $64.93 and a 12 month high of $108.35.
Separately, Zacks Investment Research downgraded shares of FEI from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $107.00.
In related 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 transaction of $3,742,437.44. Following the transaction, the vice president now directly owns 24,994 shares in the company, valued at $2,664,610.34. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate 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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