Alps Advisors Inc. Makes New $570,000 Investment in Frequency Electronics, Inc. $FEIM

Alps Advisors Inc. acquired a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,810 shares of the communications equipment provider’s stock, valued at approximately $570,000. Alps Advisors Inc. owned 0.17% of Frequency Electronics as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Frequency Electronics during the 2nd quarter worth approximately $30,000. Bank of America Corp DE raised its position in Frequency Electronics by 3,558.9% during the second quarter. Bank of America Corp DE now owns 2,671 shares of the communications equipment provider’s stock valued at $61,000 after purchasing an additional 2,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Frequency Electronics during the second quarter worth $82,000. Lazard Asset Management LLC lifted its stake in Frequency Electronics by 10,807.7% during the second quarter. Lazard Asset Management LLC now owns 4,254 shares of the communications equipment provider’s stock worth $96,000 after purchasing an additional 4,215 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Frequency Electronics in the 2nd quarter valued at $100,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FEIM. Loop Capital set a $42.00 target price on shares of Frequency Electronics in a report on Tuesday, December 16th. Wall Street Zen cut shares of Frequency Electronics from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Craig Hallum restated a “buy” rating and issued a $46.00 target price on shares of Frequency Electronics in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Frequency Electronics in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Frequency Electronics currently has a consensus rating of “Buy” and an average price target of $43.67.

Frequency Electronics Stock Down 5.5%

Shares of NASDAQ:FEIM opened at $44.78 on Friday. Frequency Electronics, Inc. has a twelve month low of $13.69 and a twelve month high of $61.47. The stock’s 50 day moving average is $51.29 and its 200-day moving average is $38.40. The firm has a market capitalization of $437.95 million, a price-to-earnings ratio of 20.45 and a beta of 0.35.

Frequency Electronics (NASDAQ:FEIM) last issued its quarterly earnings data on Thursday, December 11th. The communications equipment provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.12). Frequency Electronics had a net margin of 30.28% and a return on equity of 38.07%. The company had revenue of $17.13 million for the quarter, compared to the consensus estimate of $16.87 million.

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.