Frequency Electronics (NASDAQ:FEIM) Sets New 1-Year High – Should You Buy?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $59.38 and last traded at $58.17, with a volume of 56421 shares trading hands. The stock had previously closed at $56.22.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Loop Capital set a $42.00 price target on Frequency Electronics in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b+)” rating on shares of Frequency Electronics in a report on Monday, December 29th. UBS Group set a $43.00 price target on shares of Frequency Electronics in a research note on Thursday, September 18th. Wall Street Zen lowered shares of Frequency Electronics from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Finally, Craig Hallum reiterated a “buy” rating and issued a $46.00 price objective on shares of Frequency Electronics in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Stock Up 3.0%

The firm has a market cap of $566.28 million, a price-to-earnings ratio of 26.35 and a beta of 0.36. The stock has a 50 day moving average of $38.69 and a 200 day moving average of $32.71.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Thursday, December 11th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The firm had revenue of $17.13 million for the quarter, compared to analyst estimates of $16.87 million. Frequency Electronics had a return on equity of 38.07% and a net margin of 30.28%.

Institutional Investors Weigh In On Frequency Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP acquired a new stake in Frequency Electronics in the first quarter valued at about $331,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Frequency Electronics in the 1st quarter valued at approximately $183,000. Goldman Sachs Group Inc. grew its holdings in shares of Frequency Electronics by 67.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,528 shares of the communications equipment provider’s stock valued at $853,000 after purchasing an additional 21,934 shares during the last quarter. Jane Street Group LLC increased its position in Frequency Electronics by 27.2% during the 1st quarter. Jane Street Group LLC now owns 27,610 shares of the communications equipment provider’s stock worth $432,000 after purchasing an additional 5,909 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in Frequency Electronics in the 2nd quarter valued at approximately $25,000. 58.60% of the stock is currently owned by institutional investors.

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.