Richardson Electronics (NASDAQ:RELL) EVP Sells $205,530.00 in Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) EVP Jens Frank Ruppert sold 17,000 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $12.09, for a total value of $205,530.00. Following the sale, the executive vice president directly owned 39,500 shares of the company’s stock, valued at approximately $477,555. This represents a 30.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Richardson Electronics Stock Performance

RELL stock traded up $0.01 during mid-day trading on Thursday, hitting $11.71. The company had a trading volume of 102,418 shares, compared to its average volume of 116,821. The firm has a market cap of $169.96 million, a PE ratio of 234.15, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. Richardson Electronics, Ltd. has a 12 month low of $7.57 and a 12 month high of $13.60. The stock’s fifty day moving average price is $10.77 and its two-hundred day moving average price is $10.39.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings results on Wednesday, January 7th. The technology company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Richardson Electronics had a net margin of 0.38% and a return on equity of 3.30%. The company had revenue of $52.29 million for the quarter, compared to analysts’ expectations of $49.90 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. Equities analysts anticipate that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.24 annualized dividend and a dividend yield of 2.1%. Richardson Electronics’s payout ratio is 480.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Northland Securities set a $11.00 target price on shares of Richardson Electronics in a report on Thursday, January 22nd. Zacks Research lowered Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings cut Richardson Electronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $11.00.

Hedge Funds Weigh In On Richardson Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP increased its position in shares of Richardson Electronics by 2.5% during the third quarter. Royce & Associates LP now owns 1,389,175 shares of the technology company’s stock valued at $13,600,000 after buying an additional 34,000 shares during the period. First Wilshire Securities Management Inc. boosted its position in Richardson Electronics by 12.0% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 838,077 shares of the technology company’s stock valued at $8,087,000 after acquiring an additional 89,603 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Richardson Electronics by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock worth $950,000 after acquiring an additional 5,802 shares during the period. Acadian Asset Management LLC raised its position in shares of Richardson Electronics by 17.0% in the 1st quarter. Acadian Asset Management LLC now owns 83,273 shares of the technology company’s stock worth $928,000 after acquiring an additional 12,097 shares in the last quarter. Finally, AMH Equity Ltd purchased a new position in shares of Richardson Electronics in the 3rd quarter valued at approximately $783,000. Institutional investors own 71.95% of the company’s stock.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.