Richardson Electronics, Ltd. (NASDAQ:RELL) Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. decreased its stake in Richardson Electronics, Ltd. (NASDAQ:RELL) by 36.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,710 shares of the technology company’s stock after selling 160,786 shares during the quarter. Richardson Electronics makes up 1.8% of Azarias Capital Management L.P.’s holdings, making the stock its 21st biggest position. Azarias Capital Management L.P.’s holdings in Richardson Electronics were worth $3,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Rhumbline Advisers lifted its stake in Richardson Electronics by 79.0% in the 4th quarter. Rhumbline Advisers now owns 34,396 shares of the technology company’s stock valued at $483,000 after buying an additional 15,181 shares in the last quarter. Royce & Associates LP increased its position in shares of Richardson Electronics by 10.6% during the fourth quarter. Royce & Associates LP now owns 1,248,276 shares of the technology company’s stock worth $17,513,000 after purchasing an additional 119,685 shares in the last quarter. Barclays PLC raised its stake in Richardson Electronics by 11.6% in the 4th quarter. Barclays PLC now owns 21,911 shares of the technology company’s stock valued at $307,000 after purchasing an additional 2,272 shares during the last quarter. Deutsche Bank AG lifted its holdings in Richardson Electronics by 62.2% in the 4th quarter. Deutsche Bank AG now owns 10,452 shares of the technology company’s stock valued at $147,000 after purchasing an additional 4,009 shares in the last quarter. Finally, First Wilshire Securities Management Inc. boosted its stake in Richardson Electronics by 36.9% during the 4th quarter. First Wilshire Securities Management Inc. now owns 521,465 shares of the technology company’s stock worth $7,316,000 after purchasing an additional 140,653 shares during the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Richardson Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, April 19th.

Richardson Electronics Price Performance

Shares of Richardson Electronics stock opened at $8.99 on Friday. The stock’s 50 day simple moving average is $8.93 and its 200-day simple moving average is $11.54. The stock has a market cap of $129.55 million, a P/E ratio of -52.88, a P/E/G ratio of 2.57 and a beta of 0.99. Richardson Electronics, Ltd. has a 1-year low of $7.57 and a 1-year high of $15.51.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Wednesday, April 9th. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $53.80 million for the quarter, compared to the consensus estimate of $56.90 million. Richardson Electronics had a positive return on equity of 1.09% and a negative net margin of 1.14%. During the same quarter last year, the business posted $0.05 earnings per share. As a group, research analysts expect that Richardson Electronics, Ltd. will post 0.27 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were given a dividend of $0.06 per share. The ex-dividend date was Friday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.67%. Richardson Electronics’s payout ratio is -141.18%.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.