Gardner Lewis Asset Management L P adds FEI Company (FEIC) to its portfolio

FEI Company (FEIC) : Gardner Lewis Asset Management L P added new position in FEI Company during the most recent quarter end. The investment management firm now holds 168,457 shares of FEI Company which is valued at $17,974,362 , the company said in a statement filed on Aug 15, 2016 with the SEC.FEI Company makes up approximately 2.57% of Gardner Lewis Asset Management L P’s portfolio.

Other Hedge Funds, Including , D.a. Davidson reduced its stake in FEIC by selling 932 shares or 73.04% in the most recent quarter. The Hedge Fund company now holds 344 shares of FEIC which is valued at $36,705. Vertex One Asset Management added FEIC to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $853,600. FEI Company makes up approx 0.14% of Vertex One Asset Management’s portfolio.Commerce Bank reduced its stake in FEIC by selling 1,465 shares or 17.22% in the most recent quarter. The Hedge Fund company now holds 7,045 shares of FEIC which is valued at $749,658. FEI Company makes up approx 0.01% of Commerce Bank’s portfolio. Rs Investment Management Co sold out all of its stake in FEIC during the most recent quarter. The investment firm sold 79,870 shares of FEIC which is valued $8,490,181.

FEI Company opened for trading at $106.7 and hit $106.81 on the upside on Wednesday, eventually ending the session at $106.79, with a gain of 0.09% or 0.1 points. The heightened volatility saw the trading volume jump to 252,614 shares. Company has a market cap of $4,380 M.

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 Downgraded by The Benchmark Company on May 31, 2016 to ” Hold”, Firm has raised the Price Target to $ 107.50 from a previous price target of $92 .

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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