Cable Hill Partners Lowers stake in FEI Company (FEIC)

FEI Company (FEIC) : Cable Hill Partners reduced its stake in FEI Company by 0.76% during the most recent quarter end. The investment management company now holds a total of 71,767 shares of FEI Company which is valued at $7,657,539 after selling 550 shares in FEI Company , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.FEI Company makes up approximately 5.44% of Cable Hill Partners’s portfolio.

Other Hedge Funds, Including , Telemark Asset Management sold out all of its stake in FEIC during the most recent quarter. The investment firm sold 30,000 shares of FEIC which is valued $3,201,000.Rhumbline Advisers reduced its stake in FEIC by selling 4,765 shares or 5.89% in the most recent quarter. The Hedge Fund company now holds 76,146 shares of FEIC which is valued at $8,124,778. FEI Company makes up approx 0.02% of Rhumbline Advisers’s portfolio. Tower Research Capital (trc) added FEIC to its portfolio by purchasing 4,210 company shares during the most recent quarter which is valued at $449,207. FEI Company makes up approx 0.04% of Tower Research Capital (trc)’s portfolio. Checchi Capital Advisers added FEIC to its portfolio by purchasing 1,315 company shares during the most recent quarter which is valued at $139,791. FEI Company makes up approx 0.03% of Checchi Capital Advisers’s portfolio. Ibm Retirement Fund added FEIC to its portfolio by purchasing 4,134 company shares during the most recent quarter which is valued at $439,465. FEI Company makes up approx 0.02% of Ibm Retirement Fund’s portfolio.

FEI Company closed down -0.16 points or -0.15% at $106.52 with 1,70,542 shares getting traded on Monday. Post opening the session at $106.51, the shares hit an intraday low of $106.495 and an intraday high of $106.75 and the price fluctuated in this range throughout the day.Shares ended Monday 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 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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