Frequency Electronics, Inc. $FEIM Stock Holdings Lessened by Aristides Capital LLC

Aristides Capital LLC reduced its stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 71.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,202 shares of the communications equipment provider’s stock after selling 13,298 shares during the quarter. Aristides Capital LLC’s holdings in Frequency Electronics were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new position in shares of Frequency Electronics during the 3rd quarter valued at about $803,000. Round Rock Advisors LLC boosted its position in Frequency Electronics by 152.5% during the fourth quarter. Round Rock Advisors LLC now owns 48,595 shares of the communications equipment provider’s stock worth $2,616,000 after purchasing an additional 29,347 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Frequency Electronics during the fourth quarter valued at approximately $3,059,000. GSA Capital Partners LLP acquired a new position in Frequency Electronics during the third quarter valued at approximately $1,245,000. Finally, Villere ST Denis J & Co. LLC raised its position in shares of Frequency Electronics by 67.1% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 24,896 shares of the communications equipment provider’s stock valued at $1,340,000 after purchasing an additional 10,000 shares during the period. 58.60% of the stock is owned by hedge funds and other institutional investors.

Frequency Electronics Stock Up 3.7%

Shares of FEIM stock opened at $72.82 on Friday. Frequency Electronics, Inc. has a 12 month low of $18.70 and a 12 month high of $80.00. The firm has a market cap of $716.55 million, a PE ratio of 97.09 and a beta of 0.67. The stock has a 50 day moving average of $62.18 and a 200-day moving average of $53.77.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FEIM shares. Freedom Capital upgraded shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frequency Electronics in a report on Monday. Finally, Wall Street Zen raised shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.