Westport Advisers Lowers stake in FEI Company (FEIC)

FEI Company (FEIC) : Westport Advisers reduced its stake in FEI Company by 11.79% during the most recent quarter end. The investment management company now holds a total of 299,371 shares of FEI Company which is valued at $25.9 Million after selling 40,000 shares in FEI Company , the firm said in a disclosure report filed with the SEC on May 13, 2016.FEI Company makes up approximately 4.07% of Westport Advisers’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc added FEIC to its portfolio by purchasing 2,404 company shares during the most recent quarter which is valued at $207,850.Primecap Management Coca reduced its stake in FEIC by selling 123,200 shares or 15.77% in the most recent quarter. The Hedge Fund company now holds 657,800 shares of FEIC which is valued at $56.9 Million. FEI Company makes up approx 0.06% of Primecap Management Coca’s portfolio.Mazama Capital Management Inc reduced its stake in FEIC by selling 2,745 shares or 11.49% in the most recent quarter. The Hedge Fund company now holds 21,151 shares of FEIC which is valued at $1.8 Million. FEI Company makes up approx 0.37% of Mazama Capital Management Inc’s portfolio.Blackrock Fund Advisors reduced its stake in FEIC by selling 37,364 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 2,004,280 shares of FEIC which is valued at $173.3 Million. FEI Company makes up approx 0.04% of Blackrock Fund Advisors’s portfolio.Cim Investment Mangement Inc boosted its stake in FEIC in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 4,399 shares of FEI Company which is valued at $377,522. FEI Company makes up approx 0.16% of Cim Investment Mangement Inc’s portfolio.

FEI Company closed down -0.3 points or -0.32% at $93.09 with 1,60,366 shares getting traded on Wednesday. Post opening the session at $93.29, the shares hit an intraday low of $92.71 and an intraday high of $93.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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.

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.

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