Taitron Components (NASDAQ:TAIT) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the stock.

Separately, TheStreet lowered shares of Taitron Components from a b- rating to a c+ rating in a report on Wednesday, February 7th.

Taitron Components Price Performance

Shares of Taitron Components stock opened at $3.26 on Friday. The company’s fifty day moving average price is $3.22 and its two-hundred day moving average price is $3.37. Taitron Components has a 52-week low of $3.05 and a 52-week high of $4.32.

Taitron Components Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Thursday, February 15th.

Institutional Investors Weigh In On Taitron Components

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC acquired a new stake in shares of Taitron Components in the 3rd quarter valued at $41,000. Renaissance Technologies LLC boosted its stake in shares of Taitron Components by 5.2% in the 2nd quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after purchasing an additional 15,756 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Taitron Components by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock valued at $510,000 after purchasing an additional 14,154 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Taitron Components by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock valued at $152,000 after purchasing an additional 2,979 shares in the last quarter. Finally, Significant Wealth Partners LLC acquired a new stake in shares of Taitron Components in the 4th quarter valued at $637,000. Institutional investors and hedge funds own 18.09% of the company’s stock.

Taitron Components Company Profile

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.