FEI Company (FEIC) was Downgraded by The Benchmark Company to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 107.50 from a previous price target of $92 . Earlier the firm had a rating of “Buy ” on the company shares. The Benchmark Company advised their investors in a research report released on May 31, 2016.
Many Wall Street Analysts have commented on FEI Company. Company shares were Reiterated by The Benchmark Company on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $80 .FEI Company was Downgraded by DA Davidson to ” Neutral” on Apr 6, 2016.
On the company’s financial health, FEI Company reported $0.56 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.56. The company had revenue of $229.00 million for the quarter, compared to analysts expectations of $221.36 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
FEI Company opened for trading at $107.15 and hit $108.35 on the upside on Friday, eventually ending the session at $108.13, with a gain of 14.33% or 13.55 points. The heightened volatility saw the trading volume jump to 55,35,103 shares. Company has a market cap of $4,418 M.
In a different news, on Nov 19, 2015, Don R Kania (President, CEO) sold 50,000 shares at $76.16 per share price. According to the SEC, on May 13, 2015, Arie Huijser (director) sold 3,500 shares at $75.60 per share price. On May 13, 2015, Richard H Wills (director) sold 6,000 shares at $76.02 per share price, according to the Form-4 filing with the securities and exchange commission.
FEI Company is a supplier of scientific instruments and related services for nanoscale applications and solutions for industry and science. The Company operates in two segments: Industry Group and Science Group. The Industry Group 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 natural resources industries including mining and oil and gas. The Science Group includes universities public and private research laboratories and customers in a range of industries including metals automobiles aerospace and forensics. The tools are used in a laboratory. Its products include transmission electron microscopes; scanning electron microscopes (SEM); DualBeamTM systems which combine a SEM and a focused ion beam system (FIB) on a single platform; stand-alone FIBs; optical microscopes three-dimensional modelling software and service and components.