TMO’s latest rating updates from top analysts.


Thermo Fisher Scientific Inc.’s recent filing unveils that its Executive Vice President Pettiti Gianluca unloaded Company’s shares for reported $1.67 million on Aug 30. In the deal valued at $557.77 per share,3,000 shares were sold. As a result of this transaction, Pettiti Gianluca now holds 17,556 shares worth roughly $ 9.78 million.

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Then, CASPER MARC N sold 1,600 shares, generating $880,960 in total proceeds. Upon selling the shares at $550.60, the Chairman & CEO now owns 135,330 shares.

Before that, CASPER MARC N sold 10,000 shares. Thermo Fisher Scientific Inc. shares valued at $5,519,370 were divested by the Chairman & CEO at a price of $551.94 per share. As a result of the transaction, CASPER MARC N now holds 135,330 shares, worth roughly $75.41 million.

Robert W. Baird reiterated its Thermo Fisher Scientific Inc. [TMO] rating to an Outperform in a research note published on Friday, July 19, 2023; the price target was $664. PT values the company’s stock at a premium of 16.08 to its Friday closing price.

Price Performance Review of TMO

On Friday, Thermo Fisher Scientific Inc. [NYSE:TMO] saw its stock jump 0.02% to $557.22. On the same session, the stock had its day’s lowest price of $556.82, but rose to a high of $565.86. Over the last five days, the stock has gained 2.89%. Thermo Fisher Scientific Inc. shares have risen nearly 1.19% since the year began. Nevertheless, the stocks have risen 2.18% over the past one year. While a 52-week high of $609.85 was reached on 01/24/23, a 52-week low of $475.77 was recorded on 05/24/23. SMA at 50 days reached $538.72, while 200 days put it at $548.98. A total of 1.01 million shares were traded, compared to the trading of 1.19 million shares in the previous session.

Levels Of Support And Resistance For TMO Stock

The 24-hour chart illustrates a support level at 554.07, which if violated will result in even more drops to 550.93. On the upside, there is a resistance level at 563.11. A further resistance level may holdings at 569.01. The Relative Strength Index (RSI) on the 14-day chart is 59.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.87%. Stochastics %K at 83.24% indicates the stock is a selling.

How much short interest is there in Thermo Fisher Scientific Inc.?

A steep rise in short interest was recorded in Thermo Fisher Scientific Inc. stocks on Aug 14, 2023, dropping by -0.17 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.73 million shares. There was a decline of -6.64%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.66% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.56.

Thermo Fisher Scientific Inc. [TMO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 30,984,754 shares, or roughly 8.03% of the outstanding TMO shares. In other words, the investor’s shares have risen by 23,550 from its previous 13-F filing of 30961204.0. Additionally, BlackRock Fund Advisors decreased -2.07% of its stake after which the total value it holdings stand at $10,099,898,427, while SSgA Funds Management, Inc. added 0.35% of its stake to hold $8.84 billion in the firm. Over the last quarter, Capital Research & Management Co sold -48,366 shares of Thermo Fisher Scientific Inc., while T. Rowe Price Associates, Inc. sold 547,312 shares. At present, Fidelity Management & Research Co is holding 7,947,150 shares valued at $4.36 billion. Geode Capital Management LLC owned 6,978,869 shares of the company at the time of its most recent 13F filing, worth $3.83 billion.

According to FactSet, Thermo Fisher Scientific Inc.’s share price will average $626.20 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.09 percent from its previous closing price of $557.10. Analysts expect Thermo Fisher Scientific Inc. stock to reach the higher price of $693.00, while the lowest price estimate is $520.00. However, 26 analysts have rated TMO stock as an Overweight in their predictions for 2023.


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