Taitron Components (NASDAQ:TAIT) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report report published on Tuesday morning. The firm issued a hold rating on the stock.

Separately, TheStreet downgraded Taitron Components from a b- rating to a c+ rating in a research report on Wednesday, February 7th.

Taitron Components Trading Down 0.3 %

NASDAQ:TAIT opened at $3.14 on Tuesday. Taitron Components has a twelve month low of $3.05 and a twelve month high of $4.32. The company has a market cap of $18.90 million, a price-to-earnings ratio of 9.81 and a beta of 0.85. The stock has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $3.34.

Taitron Components Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 6.37%. Taitron Components’s dividend payout ratio is currently 62.50%.

Hedge Funds Weigh In On Taitron Components

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Taitron Components by 5.2% during the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after buying an additional 15,756 shares during the period. Significant Wealth Partners LLC purchased a new position in shares of Taitron Components during the fourth quarter valued at $637,000. Vanguard Group Inc. increased its stake in shares of Taitron Components by 10.9% during the third quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock valued at $510,000 after buying an additional 14,154 shares during the period. Dimensional Fund Advisors LP grew its stake in Taitron Components by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock valued at $152,000 after purchasing an additional 2,979 shares during the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in Taitron Components in the third quarter valued at about $41,000. Hedge funds and other institutional investors own 18.09% of the company’s stock.

About Taitron Components

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.