Frequency Electronics, Inc. $FEIM Holdings Decreased by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM – Free Report) by 92.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,529 shares of the communications equipment provider’s stock after selling 42,738 shares during the period. Sowell Financial Services LLC’s holdings in Frequency Electronics were worth $298,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Frequency Electronics by 29.8% during the third quarter. Farther Finance Advisors LLC now owns 666 shares of the communications equipment provider’s stock worth $56,000 after acquiring an additional 153 shares during the period. First Trust Advisors LP lifted its position in Frequency Electronics by 0.9% in the 1st quarter. First Trust Advisors LP now owns 21,818 shares of the communications equipment provider’s stock valued at $966,000 after acquiring an additional 190 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Frequency Electronics by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 57,350 shares of the communications equipment provider’s stock worth $2,538,000 after purchasing an additional 541 shares during the period. IFP Advisors Inc boosted its stake in Frequency Electronics by 46.0% in the 2nd quarter. IFP Advisors Inc now owns 1,905 shares of the communications equipment provider’s stock worth $126,000 after purchasing an additional 600 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Frequency Electronics by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 31,282 shares of the communications equipment provider’s stock worth $1,385,000 after purchasing an additional 939 shares during the period. Institutional investors own 58.60% of the company’s stock.

Frequency Electronics Stock Down 7.6%

Shares of FEIM opened at $61.52 on Thursday. Frequency Electronics, Inc. has a twelve month low of $26.05 and a twelve month high of $89.76. The stock has a market capitalization of $693.33 million, a P/E ratio of 246.08 and a beta of 0.75. The company has a 50 day moving average of $73.22 and a 200-day moving average of $62.61.

Frequency Electronics (NASDAQ:FEIM – Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The communications equipment provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.26. Frequency Electronics had a net margin of 3.68% and a return on equity of 3.63%. The business had revenue of $23.45 million for the quarter, compared to analyst estimates of $17.85 million.

Analyst Ratings Changes

A number of research firms have issued reports on FEIM. Wall Street Zen upgraded Frequency Electronics from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Weiss Ratings cut Frequency Electronics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Finally, Freedom Broker cut Frequency Electronics from a “buy” rating to a “hold” rating and upped their price objective for the stock from $77.00 to $91.00 in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Frequency Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $59.67.

Check Out Our Latest Stock Analysis on FEIM

Frequency Electronics Profile

(Free Report)

Frequency Electronics, Inc (NASDAQ: FEIM) develops and manufactures precision timing and frequency-control products for demanding communications, aerospace, defense and commercial applications. Its technologies are designed to generate, stabilize and distribute highly accurate timing signals used by electronic systems and networks.

The company’s product portfolio includes crystal oscillators, frequency synthesizers, timing and synchronization systems, GPS/GNSS-disciplined timing products, atomic frequency references and related components.

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Institutional Ownership by Quarter for Frequency Electronics (NASDAQ:FEIM)

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