Needham Investment Management LLC Trims Stock Holdings in Frequency Electronics, Inc. (NASDAQ:FEIM)

Needham Investment Management LLC lowered its stake in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) by 45.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,000 shares of the communications equipment provider's stock after selling 75,886 shares during the quarter. Needham Investment Management LLC owned approximately 0.94% of Frequency Electronics worth $1,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC bought a new position in Frequency Electronics in the 3rd quarter worth about $153,000. IFP Advisors Inc bought a new position in Frequency Electronics in the 4th quarter worth about $85,000. JPMorgan Chase & Co. raised its holdings in shares of Frequency Electronics by 373.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock valued at $114,000 after acquiring an additional 4,860 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Frequency Electronics during the 4th quarter valued at about $238,000. Finally, Marshall Wace LLP boosted its position in shares of Frequency Electronics by 108.7% during the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider's stock valued at $1,884,000 after acquiring an additional 52,962 shares during the last quarter. Institutional investors own 58.60% of the company's stock.

Insider Buying and Selling at Frequency Electronics

In other Frequency Electronics news, Director Russell M. Sarachek purchased 2,161 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $15.77 per share, with a total value of $34,078.97. Following the completion of the purchase, the director now directly owns 464,080 shares of the company's stock, valued at $7,318,541.60. The trade was a 0.47% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 26.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 25th.

Frequency Electronics Trading Up 0.1%

Shares of FEIM traded up $0.02 during trading hours on Friday, reaching $18.15. 175,909 shares of the company's stock traded hands, compared to its average volume of 68,741. The stock has a market cap of $175.64 million, a PE ratio of 22.13 and a beta of 0.38. The firm's 50 day simple moving average is $16.66 and its 200-day simple moving average is $16.15. Frequency Electronics, Inc. has a 12 month low of $8.62 and a 12 month high of $20.33.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The company had revenue of $18.93 million during the quarter.

Frequency Electronics Company 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.