FARO Technologies, Inc. (NASDAQ:FARO) Stake Raised by Royce & Associates LP

Royce & Associates LP lifted its position in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 20.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,409,031 shares of the scientific and technical instruments company's stock after acquiring an additional 234,650 shares during the period. Royce & Associates LP owned 7.23% of FARO Technologies worth $26,969,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FARO. Vanguard Group Inc. increased its stake in FARO Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 1,589,519 shares of the scientific and technical instruments company's stock valued at $34,191,000 after buying an additional 64,095 shares during the period. Swedbank AB bought a new stake in FARO Technologies during the first quarter worth approximately $3,226,000. Acadian Asset Management LLC lifted its position in FARO Technologies by 136.2% in the first quarter. Acadian Asset Management LLC now owns 169,882 shares of the scientific and technical instruments company's stock worth $3,653,000 after purchasing an additional 97,969 shares during the period. Kennedy Capital Management LLC boosted its stake in FARO Technologies by 105.1% during the 1st quarter. Kennedy Capital Management LLC now owns 437,589 shares of the scientific and technical instruments company's stock valued at $9,413,000 after purchasing an additional 224,273 shares in the last quarter. Finally, Divisar Capital Management LLC increased its position in shares of FARO Technologies by 5.1% during the 2nd quarter. Divisar Capital Management LLC now owns 1,838,777 shares of the scientific and technical instruments company's stock valued at $29,420,000 after purchasing an additional 90,000 shares during the period. Institutional investors and hedge funds own 97.19% of the company's stock.

Insider Transactions at FARO Technologies

In other news, CEO Peter James Lau sold 5,435 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $16.67, for a total transaction of $90,601.45. Following the sale, the chief executive officer now owns 133,975 shares in the company, valued at $2,233,363.25. The trade was a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

FARO Technologies Price Performance

Shares of NASDAQ:FARO traded down $0.62 on Friday, reaching $25.06. 159,484 shares of the company traded hands, compared to its average volume of 173,149. The stock has a market capitalization of $474.14 million, a PE ratio of -71.60 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83. The company's 50 day moving average is $19.20 and its 200-day moving average is $17.91. FARO Technologies, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $28.04.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on FARO Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, November 7th. StockNews.com raised shares of FARO Technologies from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Finally, Craig Hallum raised their price objective on shares of FARO Technologies from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.

About FARO Technologies

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.