Next Century Growth Investors LLC boosted its holdings in Frequency Electronics, Inc. (NASDAQ:FEIM – Free Report) by 200.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 219,463 shares of the communications equipment provider’s stock after acquiring an additional 146,397 shares during the period. Next Century Growth Investors LLC’s holdings in Frequency Electronics were worth $11,816,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Frequency Electronics in the third quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new position in Frequency Electronics in the fourth quarter worth about $26,000. Kestra Advisory Services LLC bought a new position in Frequency Electronics in the fourth quarter worth about $27,000. Wexford Capital LP bought a new position in Frequency Electronics in the third quarter worth about $32,000. Finally, BNP Paribas Financial Markets lifted its holdings in Frequency Electronics by 130.5% in the third quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 731 shares during the last quarter. Institutional investors own 58.60% of the company’s stock.
Wall Street Analysts Forecast Growth
FEIM has been the topic of a number of recent research reports. Weiss Ratings cut shares of Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a report on Wednesday, March 18th. Freedom Capital raised shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Frequency Electronics presently has an average rating of “Buy” and a consensus price target of $43.67.
Frequency Electronics Price Performance
Shares of NASDAQ:FEIM opened at $75.28 on Friday. Frequency Electronics, Inc. has a 12 month low of $18.08 and a 12 month high of $79.69. The stock has a market cap of $740.76 million, a price-to-earnings ratio of 100.37 and a beta of 0.67. The stock’s 50 day moving average price is $60.59 and its 200 day moving average price is $52.36.
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last announced its earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.14). Frequency Electronics had a return on equity of 12.69% and a net margin of 10.78%.The firm had revenue of $16.89 million for the quarter, compared to the consensus estimate of $19.06 million.
Frequency Electronics Company Profile
Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.
FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.
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