Sowell Financial Services LLC Buys Shares of 63,265 Frequency Electronics, Inc. $FEIM

Key Points

• Sowell Financial Services LLC bought a new stake of 63,265 shares in Frequency Electronics (NASDAQ:FEIM) in Q4, valued at about $3.41 million, bringing institutional ownership to roughly 58.6%.
• Frequency Electronics missed expectations for the quarter, reporting EPS of $0.16 vs. $0.30 consensus and revenue of $16.89 million vs. $19.06 million, even as the stock has risen about 10.2% and opened near $54.25.
• Analyst sentiment is mixed—MarketBeat shows an average rating of "Moderate Buy" with a $43.67 average price target—while the company trades near its 12‑month high, has a market cap of ~$534 million and a P/E of 72.33.

Sowell Financial Services LLC bought a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 63,265 shares of the communications equipment provider's stock, valued at approximately $3,406,000. Sowell Financial Services LLC owned approximately 0.65% of Frequency Electronics as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Frequency Electronics in the 4th quarter valued at approximately $3,059,000. Moody National Bank Trust Division grew its position in Frequency Electronics by 22.7% in the fourth quarter. Moody National Bank Trust Division now owns 14,203 shares of the communications equipment provider's stock valued at $765,000 after purchasing an additional 2,624 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Frequency Electronics in the 4th quarter valued at $104,000. Steadtrust LLC acquired a new stake in Frequency Electronics in the 3rd quarter valued at $237,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Frequency Electronics in the 3rd quarter valued at $25,000. Institutional investors own 58.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Craig Hallum reiterated a "buy" rating and issued a $46.00 price target on shares of Frequency Electronics in a research note on Friday, December 12th. Weiss Ratings lowered shares of Frequency Electronics from a "buy (b+)" rating to a "hold (c+)" rating in a research note on Wednesday, March 18th. Wall Street Zen lowered shares of Frequency Electronics from a "hold" rating to a "sell" rating in a research note on Sunday, December 14th. Finally, Loop Capital set a $42.00 price target on shares of Frequency Electronics in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Frequency Electronics presently has an average rating of "Moderate Buy" and an average price target of $43.67.

Frequency Electronics Stock Up 10.2%

Shares of Frequency Electronics stock opened at $54.25 on Tuesday. Frequency Electronics, Inc. has a 12-month low of $14.50 and a 12-month high of $61.47. The stock has a market cap of $533.82 million, a P/E ratio of 72.33 and a beta of 0.45. The business's 50 day moving average is $49.34 and its 200-day moving average is $43.36.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.14). Frequency Electronics had a return on equity of 12.69% and a net margin of 10.78%.The company had revenue of $16.89 million for the quarter, compared to the consensus estimate of $19.06 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.

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