Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $61.07, but opened at $56.29. Frequency Electronics shares last traded at $56.6510, with a volume of 7,436 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on FEIM shares. Freedom Capital upgraded Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded Frequency Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, July 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Frequency Electronics in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Frequency Electronics has an average rating of “Buy” and a consensus target price of $43.67.
Check Out Our Latest Report on FEIM
Frequency Electronics Trading Up 8.1%
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Invesco Ltd. acquired a new position in Frequency Electronics in the fourth quarter worth approximately $9,446,000. Next Century Growth Investors LLC lifted its stake in Frequency Electronics by 200.4% in the fourth quarter. Next Century Growth Investors LLC now owns 219,463 shares of the communications equipment provider’s stock valued at $11,816,000 after acquiring an additional 146,397 shares during the last quarter. Millennium Management LLC grew its position in Frequency Electronics by 403.6% in the third quarter. Millennium Management LLC now owns 136,976 shares of the communications equipment provider’s stock worth $4,645,000 after acquiring an additional 109,776 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Frequency Electronics by 179.4% during the 3rd quarter. Two Sigma Investments LP now owns 139,687 shares of the communications equipment provider’s stock worth $4,737,000 after purchasing an additional 89,698 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Frequency Electronics by 63.8% during the 3rd quarter. UBS Group AG now owns 208,334 shares of the communications equipment provider’s stock worth $7,065,000 after purchasing an additional 81,165 shares during the last quarter. 58.60% of the stock is owned by institutional investors and hedge funds.
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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