Frequency Electronics, Inc. $FEIM Position Boosted by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. boosted its position in Frequency Electronics, Inc. (NASDAQ:FEIM) by 82.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 25,985 shares of the communications equipment provider’s stock after buying an additional 11,775 shares during the period. Thompson Davis & CO. Inc.’s holdings in Frequency Electronics were worth $590,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in shares of Frequency Electronics in the 2nd quarter worth approximately $25,000. Police & Firemen s Retirement System of New Jersey bought a new position in Frequency Electronics during the second quarter worth $30,000. Huntleigh Advisors Inc. lifted its stake in Frequency Electronics by 5.8% during the second quarter. Huntleigh Advisors Inc. now owns 47,286 shares of the communications equipment provider’s stock worth $1,074,000 after purchasing an additional 2,583 shares during the last quarter. IFP Advisors Inc increased its stake in Frequency Electronics by 67.4% during the first quarter. IFP Advisors Inc now owns 7,700 shares of the communications equipment provider’s stock valued at $121,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Moors & Cabot Inc. increased its stake in Frequency Electronics by 23.6% during the first quarter. Moors & Cabot Inc. now owns 26,163 shares of the communications equipment provider’s stock valued at $409,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 58.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FEIM shares. UBS Group set a $43.00 price target on shares of Frequency Electronics in a report on Thursday, September 18th. Weiss Ratings restated a “buy (b)” rating on shares of Frequency Electronics in a research note on Wednesday, October 8th. Craig Hallum assumed coverage on Frequency Electronics in a report on Thursday, September 18th. They set a “buy” rating and a $43.00 target price for the company. Finally, Wall Street Zen downgraded Frequency Electronics from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Frequency Electronics currently has an average rating of “Buy” and a consensus target price of $43.00.

Frequency Electronics Stock Performance

Shares of FEIM stock opened at $29.17 on Thursday. The firm has a market capitalization of $284.33 million, a PE ratio of 12.75 and a beta of 0.47. Frequency Electronics, Inc. has a 1 year low of $12.62 and a 1 year high of $41.12. The stock has a fifty day moving average of $33.80 and a two-hundred day moving average of $26.78.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data on Thursday, September 11th. The communications equipment provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.29). The company had revenue of $13.81 million during the quarter, compared to analyst estimates of $16.53 million. Frequency Electronics had a return on equity of 44.02% and a net margin of 32.10%.During the same period in the previous year, the company earned $0.25 EPS.

Frequency Electronics Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.