Next Century Growth Investors LLC Raises Holdings in Frequency Electronics, Inc. $FEIM

Next Century Growth Investors LLC increased its position in Frequency Electronics, Inc. (NASDAQ:FEIM) by 200.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,463 shares of the communications equipment provider’s stock after buying an additional 146,397 shares during the quarter. Next Century Growth Investors LLC owned about 2.24% of Frequency Electronics worth $11,816,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new position in shares of Frequency Electronics in the 4th quarter worth $26,000. Kestra Advisory Services LLC purchased a new position in shares of Frequency Electronics in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frequency Electronics in the 3rd quarter worth $25,000. State of Wyoming purchased a new position in shares of Frequency Electronics in the 4th quarter worth $49,000. Finally, Wexford Capital LP purchased a new position in shares of Frequency Electronics in the 3rd quarter worth $32,000. 58.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FEIM. Freedom Capital raised Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Wednesday, March 18th. Finally, Wall Street Zen raised 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 given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Frequency Electronics has a consensus rating of “Buy” and an average price target of $43.67.

Frequency Electronics Stock Performance

NASDAQ:FEIM opened at $75.28 on Friday. The company has a market capitalization of $740.76 million, a price-to-earnings ratio of 100.37 and a beta of 0.67. Frequency Electronics, Inc. has a one year low of $18.08 and a one year high of $79.69. The stock has a 50-day simple moving average of $60.59 and a 200 day simple moving average of $52.36.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). The firm had revenue of $16.89 million during the quarter, compared to analyst estimates of $19.06 million. Frequency Electronics had a return on equity of 12.69% and a net margin of 10.78%.

Frequency Electronics 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.