Sei Investments Co. Has $4.06 Million Stock Position in Frequency Electronics, Inc. $FEIM

Sei Investments Co. grew its stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 93.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 91,706 shares of the communications equipment provider’s stock after buying an additional 44,218 shares during the quarter. Sei Investments Co. owned approximately 0.93% of Frequency Electronics worth $4,059,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Frequency Electronics by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 257,402 shares of the communications equipment provider’s stock valued at $11,391,000 after acquiring an additional 6,948 shares in the last quarter. Next Century Growth Investors LLC increased its holdings in Frequency Electronics by 200.4% in the 4th quarter. Next Century Growth Investors LLC now owns 219,463 shares of the communications equipment provider’s stock worth $11,816,000 after purchasing an additional 146,397 shares in the last quarter. UBS Group AG increased its holdings in Frequency Electronics by 63.8% in 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 in the last quarter. Invesco Ltd. bought a new position in Frequency Electronics in the fourth quarter valued at about $9,446,000. Finally, Geode Capital Management LLC raised its position in Frequency Electronics by 82.3% in the second quarter. Geode Capital Management LLC now owns 175,381 shares of the communications equipment provider’s stock valued at $3,984,000 after purchasing an additional 79,181 shares during the last quarter. 58.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FEIM has been the topic of several research reports. Weiss Ratings cut Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. Freedom Capital upgraded 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, July 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Trading Up 4.7%

NASDAQ FEIM opened at $74.40 on Friday. The firm has a market capitalization of $734.33 million, a PE ratio of -826.67 and a beta of 0.73. The business’s 50-day moving average price is $67.06 and its two-hundred day moving average price is $58.01. Frequency Electronics, Inc. has a 12 month low of $25.54 and a 12 month high of $80.51.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data on Wednesday, July 15th. The communications equipment provider reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.76). The company had revenue of $15.40 million during the quarter, compared to analyst estimates of $18.57 million. Frequency Electronics had a negative return on equity of 1.56% and a negative net margin of 1.43%.

About Frequency Electronics

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.