November 22, 2016 - By Ruchi Gupta · 0 Comments
Taitron Components Inc (NASDAQ:TAIT) institutional sentiment increased to 1.33 in Q2 2016. Its up 0.08, from 1.25 in 2016Q1. The ratio has increased, as 5 hedge funds increased or started new positions, while 4 decreased and sold stakes in Taitron Components Inc. The hedge funds in our partner’s database now possess: 626,221 shares, down from 660,085 shares in 2016Q1. Also, the number of hedge funds holding Taitron Components Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 2 Increased: 2 New Position: 3.
Taitron Components Incorporated is a distributor of electronic components and supplier of original designed and manufactured (ODM) electronic components (ODM Components). The company has a market cap of $7.47 million. The Firm is engaged in the business of providing distribution and services for electronic components. It currently has negative earnings. The Company’s product offerings range from discrete semiconductors to electronic devices.
About 5,040 shares traded hands. Taitron Components Inc. (NASDAQ:TAIT) has risen 40.70% since April 20, 2016 and is uptrending. It has outperformed by 36.14% the S&P500.
According to Zacks Investment Research, “Taitron Components Incorporated is a discrete components superstore which distributes transistors, diodes and other discrete semiconductors, opto electronic devices and passive components to other electronic distributors, contract electronic manufacturers (CEMs) and to original equipment manufacturers (OEMs) who incorporate these devices in their products.”
Noesis Capital Mangement Corp holds 0.27% of its portfolio in Taitron Components Inc. for 590,341 shares. Bank Of America Corp De owns 1 shares or 0% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 743 shares. The Illinois-based Citadel Advisors Llc has invested 0% in the stock. Deutsche Bank Ag, a Germany-based fund reported 3,424 shares.#img1#
Taitron Components Incorporated (Taitron), incorporated on December 1, 1989, is a distributor of electronic components and supplier of original designed and manufactured (ODM) electronic components (ODM Components). The Firm is engaged in the business of providing distribution and services for electronic components. The Company’s product offerings range from discrete semiconductors to electronic devices. The Firm also offers engineering and services, focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their projects (ODM Projects).
More news for Taitron Components Inc. (NASDAQ:TAIT) were recently published by: Seekingalpha.com, which released: “Taitron Components: How I Made 49% Profit On This Cigar-Butt Within 21 Months” on May 09, 2016. Seekingalpha.com‘s article titled: “Exploring Graham’s Net-Net Working Capital Strategy, Part 2: Avoid Investing …” and published on May 23, 2016 is yet another important article.
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By Ruchi Gupta