Frequency Electronics (FEIM)
Precision timing and RF hardware for satellite, GPS, and electronic-warfare systems.
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Makes precision time and frequency-control hardware — atomic clocks, oscillators, and RF/microwave subsystems — sold mainly to U.S. Government and defense customers for satellite payloads, GPS timing, secure communications, and electronic warfare, with a newer push into quantum sensing built on its atomic-clock heritage.
Designs and manufactures precision time and frequency-control equipment — rubidium, cesium, and quartz atomic clocks, oscillators, and RF/microwave subsystems — for satellite payloads, GPS-based timing, secure communications, and electronic-warfare systems.
Operates through two segments — FEI-NY, handling satellite-payload, non-space government, and electronic-warfare work from a Long Island site, and FEI-Zyfer, a Southern California unit supplying GPS-disciplined timing appliances to military and commercial customers. U.S. Government and defense end-use account for most revenue.
Founded in 1961 and taken public in 1968, the business survived a 1990s federal fraud indictment and contracting suspension before rebuilding around commercial and defense timing work. Multi-year, percentage-of-completion contracts make quarterly results uneven.
Atomic-clock expertise now anchors an emerging quantum-sensing line — compact rubidium clocks, diamond magnetometers, and Rydberg-atom sensors — alongside a multi-year revenue growth target.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Freedom Broker | Downgrade | ||
| May 5, 2026 | Freedom Broker | Upgrade | ||
| Dec 16, 2025 | Loop Capital Markets | Target | Target: — | Target: $42 |
| Dec 16, 2025 | Freedom Broker | Downgrade | ||
| Dec 16, 2025 | Freedom Capital Markets | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $61.4M · Total debt $7.0M · Total assets $153.6M · Shareholders' equity $119.8M
- Revenue
- $23.5M
- Operating income
- $5.2M
- Net income
- $4.2M
| Institutions | ≈ 66.38% | 7.48M shares | |
|---|---|---|---|
| 150 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 17.94% | 2.02M shares | |
| 7 holders · as of Aug 4, 2026 | |||
| Other | ≈ 15.68% | 1.77M shares | |
| remainder | |||
11.27M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (11.27M in the company's Sep 22, 2026 report, 9.87M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Edenbrook Capital, LLCInstitution | 16.62% | 1.87M | as of Jun 30, 2026 |
Jonathan Brolin1Insiderdirector, 10 percent owner | 11.03% | 1.24M | filed Jul 30, 2026 |
Driehaus Capital Management LLCInstitution | 6.26% | 706,207 | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 4.58% | 516,548 | as of Jun 30, 2026 |
Russell M. SarachekInsiderdirector | 4.12% | 464,080 | filed Mar 28, 2025 |
- Jonathan Brolin's transaction reports restate only vehicles that traded; the 2026 ownership statement (1.24M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 28, 2026 | Edenbrook Capital, LLC | director, 10 percent owner: | −652,174 | $57.50 |
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- ADTRAN
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Frequency Electronics | $85.79 | −3.61% | $878.4M | 356.0 | 73.6 | 12.1 | +69.8% |
| Microchip Technology | $76.43 | +2.21% | $40.61B | 103.7 | 19.5 | 7.9 | +38.1% |
| Mercury Systems | $82.97 | −3.13% | $5.14B | — | 53.8 | 5.2 | +6.1% |
| L3Harris Technologies | $240.62 | −2.56% | $45.98B | 24.9 | 19.4 | 2.0 | +8.4% |
| Kratos Defense & Security Solutions | $46.34 | −4.63% | $9.11B | 285.2 | 49.3 | 6.0 | +30.5% |
| ADTRAN | $7.23 | +0.35% | $584.0M | — | 20.3 | 0.5 | +6.1% |
| Median | 103.7 | 20.3 | 5.2 | +8.4% |