Richardson Electronics (NASDAQ:RELL) EVP Jens Frank Ruppert Sells 37,500 Shares

Richardson Electronics, Ltd. (NASDAQ:RELL) EVP Jens Frank Ruppert sold 37,500 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $19.01, for a total value of $712,875.00. Following the transaction, the executive vice president owned 2,000 shares of the company’s stock, valued at $38,020. This represents a 94.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Richardson Electronics Stock Performance

Shares of NASDAQ:RELL opened at $18.13 on Friday. Richardson Electronics, Ltd. has a 52 week low of $9.37 and a 52 week high of $23.15. The company’s fifty day moving average is $17.51 and its 200-day moving average is $14.40. The company has a market capitalization of $263.97 million, a PE ratio of 41.21, a P/E/G ratio of 1.32 and a beta of 1.26.

Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. Richardson Electronics had a net margin of 2.79% and a return on equity of 3.57%. The business had revenue of $66.20 million during the quarter, compared to analysts’ expectations of $55.37 million. On average, analysts forecast that Richardson Electronics, Ltd. will post 0.5 EPS for the current year.

Richardson Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. Richardson Electronics’s dividend payout ratio (DPR) is presently 54.55%.

Richardson Electronics News Summary

Here are the key news stories impacting Richardson Electronics this week:

• Positive Sentiment: Northland Securities upgraded its rating on Richardson Electronics and maintained a $24 price target, implying additional upside from recent trading levels. The firm also raised its FY2027 EPS forecast to $0.62 from $0.39 and increased its Q4 2027 estimate to $0.27 from $0.07. Richardson Electronics Stock Rating Upgraded by Northland Securities
• Positive Sentiment: Northland’s longer-term projections also point to improving profitability, with estimates of $0.87 EPS for FY2028 and quarterly EPS forecasts ranging from $0.16 to $0.30. The revisions reinforce expectations for earnings growth following Richardson Electronics’ latest quarterly results, which exceeded both revenue and EPS estimates.
• Neutral Sentiment: Director Paul J. Plante sold 17,000 shares for approximately $319,770 at an average price of $18.81, reducing his ownership by 54.51%. Insider selling can reflect personal financial planning rather than a change in the company’s outlook. SEC insider ownership filing
• Negative Sentiment: CFO Robert J. Ben sold 7,500 shares for $150,000 at an average price of $20.00, reducing his direct holdings by 11.02%. SEC CFO ownership filing
• Negative Sentiment: EVP Jens Frank Ruppert sold 37,500 shares for approximately $712,875 at an average price of $19.01, leaving him with only 2,000 shares and cutting his ownership by 94.94%. The cluster of executive sales may raise concerns about insider conviction, despite the lack of evidence that the transactions were performance-related. SEC EVP ownership filing

Institutional Investors Weigh In On Richardson Electronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Wilshire Securities Management Inc. lifted its position in shares of Richardson Electronics by 13.9% during the first quarter. First Wilshire Securities Management Inc. now owns 671,998 shares of the technology company’s stock worth $7,358,000 after purchasing an additional 82,054 shares in the last quarter. State Street Corp grew its stake in shares of Richardson Electronics by 1.9% during the fourth quarter. State Street Corp now owns 243,427 shares of the technology company’s stock valued at $2,648,000 after purchasing an additional 4,629 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Richardson Electronics in the first quarter valued at approximately $1,095,000. Bank of New York Mellon Corp increased its holdings in shares of Richardson Electronics by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 92,426 shares of the technology company’s stock valued at $1,012,000 after purchasing an additional 5,506 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Richardson Electronics by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock worth $950,000 after purchasing an additional 5,802 shares during the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RELL. Weiss Ratings reissued a “hold (c)” rating on shares of Richardson Electronics in a report on Monday, July 20th. Northland Securities raised Richardson Electronics from a “market perform” rating to an “outperform” rating and raised their price target for the company from $14.00 to $24.00 in a report on Tuesday. Finally, Zacks Research upgraded Richardson Electronics from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $24.00.

About Richardson Electronics

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.