Virtu Financial LLC Buys Shares of 18,197 Frequency Electronics, Inc. $FEIM

Virtu Financial LLC purchased a new position in Frequency Electronics, Inc. (NASDAQ:FEIM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,197 shares of the communications equipment provider’s stock, valued at approximately $980,000. Virtu Financial LLC owned about 0.19% of Frequency Electronics at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Segall Bryant & Hamill LLC acquired a new stake in shares of Frequency Electronics in the 3rd quarter worth $10,425,000. Portolan Capital Management LLC purchased a new position in Frequency Electronics during the 3rd quarter worth $6,912,000. Invesco Ltd. acquired a new position in Frequency Electronics during the 4th quarter valued at about $9,446,000. Next Century Growth Investors LLC increased its position in Frequency Electronics by 200.4% during the 4th quarter. Next Century Growth Investors LLC now owns 219,463 shares of the communications equipment provider’s stock valued at $11,816,000 after buying an additional 146,397 shares in the last quarter. Finally, Millennium Management LLC raised 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 buying an additional 109,776 shares during the last quarter. 58.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Freedom Capital raised Frequency Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frequency Electronics in a research report on Monday, June 15th. One 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 stock. Based on data from MarketBeat, Frequency Electronics presently has a consensus rating of “Buy” and a consensus target price of $43.67.

Frequency Electronics Price Performance

Shares of FEIM opened at $72.82 on Monday. The firm has a market capitalization of $716.55 million, a PE ratio of 97.09 and a beta of 0.67. Frequency Electronics, Inc. has a 1-year low of $18.70 and a 1-year high of $80.00. The company’s fifty day moving average price is $62.51 and its 200-day moving average price is $54.08.

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.