Frequency Electronics, Inc. $FEIM Holdings Raised by Navellier & Associates Inc.

Navellier & Associates Inc. raised its stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 161.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 30,095 shares of the communications equipment provider’s stock after purchasing an additional 18,575 shares during the period. Navellier & Associates Inc.’s holdings in Frequency Electronics were worth $1,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FEIM. BlackRock Inc. acquired a new position in shares of Frequency Electronics in the second quarter worth $34,273,000. Invesco Ltd. acquired a new stake in Frequency Electronics during the fourth quarter valued at $9,446,000. Next Century Growth Investors LLC boosted its position in Frequency Electronics by 200.4% during 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 purchasing an additional 146,397 shares during the last quarter. Millennium Management LLC grew its stake 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 valued at $4,645,000 after purchasing an additional 109,776 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Frequency Electronics by 179.4% in the third quarter. Two Sigma Investments LP now owns 139,687 shares of the communications equipment provider’s stock valued at $4,737,000 after purchasing an additional 89,698 shares in the last quarter. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

Frequency Electronics Trading Down 5.4%

FEIM stock opened at $60.46 on Friday. The firm has a market cap of $596.74 million, a PE ratio of -671.78 and a beta of 0.73. Frequency Electronics, Inc. has a 1 year low of $26.05 and a 1 year high of $80.60. The company has a fifty day simple moving average of $66.32 and a 200 day simple moving average of $59.72.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FEIM shares. Wall Street Zen raised Frequency Electronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 4th. Freedom Capital raised Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings downgraded Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. One investment 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 company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $43.67.

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.