Goldman Sachs: Upgrade Given to Shares of FEI Company (NASDAQ:FEIC)


FEI Company (NASDAQ:FEIC) Stock Upgrade

In a comprehensive report distributed to Clients on Tuesday morning, research analysts at the equities division of Goldman Sachs hiked their rating for shares of FEI Company (NASDAQ:FEIC) from a Neutral to a solid Buy. They now have a $94.00 target price per share on FEIC or a 19.38% upside from the current share price.

From a total of 5 analysts covering FEI Company (NASDAQ:FEIC) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is $96 while the lowest target price is $73. The mean of all analyst targets is $87.2 with a 8.83% above today’s ($81.32) stock price. FEI Company was the topic of 3 analyst reports since October 28, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on December 8 to “Buy” rating. Needham downgraded FEIC stock in a recent report from October 28 to “Hold” rating.

The stock increased 3.28% or $2.58 during the last trading session, striking $81.32. Approximately shares of stock traded hands. FEI Company (NASDAQ:FEIC) has risen 7.13% since May 6, 2015 and is uptrending. It has outperformed by 7.92% the S&P500.

The overall sentiment of institutions has increased to 1.2 in Q2 2015. Its up 0.19, from 1.01 in 2015Q2. The ratio improved, as 21 institutions have sold all the shares of FEI Company that they owned while 67 funds have taken shares off the table. 28 funds have purchased shares for the first time while 78 added to their positions. These institutions now hold 50.62 million shares or 21.12% more than the 41.79 million shares they owned in 2015Q2.

The Fund Brown Capital Management Llc currently is holding shares equating to 3.86% of its total portfolio in FEI Company representing a total of 3.09 million shares. Another fund,Westport Advisers Llc, is holding a total of 344,371 shares equating to 3.41% of their holdings. Additionally, Broadview Advisors Llc has a 186,759 share stake in FEI Company which represents 1.89% of their total portfolio. The Fund, Penbrook Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 1.75% of their total portfolio. Finally Westport Asset Management Inc, a fund which is based in the state of Connecticut reported a total holdings of 24,321 shares.

FEI Company is a supplier of scientific instruments and related services for nanoscale applications and solutions for industry and science. The company has a market cap of $3.22 billion. The Firm operates in two divisions: Industry Group and Science Group. It has 31.38 P/E ratio. The Industry Group consists of clients in semiconductor integrated circuit manufacturing and related industries, such as manufacturers of data storage equipment and other technologies, as well as clients in the natural resources industries, including mining and gas and oil.

According to Zacks Investment Research, “FEI Company is a leader in the design, manufacture, sale and service of products based on focused charged particle beam technology. By combining a focused ion beam and an electron microscope, the company has developed a dual beam system that allows the company’s equipment to provide three-dimensional imaging. The DualBeam and other company products deliver a range of structural process management applications for the Semiconductor integrated circuits, Data Storage and Industry and Institute markets.” Get a free copy of the Zacks research report on FEI Company (FEIC).