Richardson Electronics, Ltd. (NASDAQ:RELL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.16 and traded as high as $13.29. Richardson Electronics shares last traded at $12.97, with a volume of 72,552 shares changing hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on RELL. Northland Securities reiterated a "market perform" rating on shares of Richardson Electronics in a research report on Monday, January 13th. Northland Capmk lowered Richardson Electronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th.
Check Out Our Latest Stock Analysis on RELL
Richardson Electronics Trading Up 1.8 %
The firm's 50 day moving average price is $13.43 and its two-hundred day moving average price is $13.18. The company has a market capitalization of $190.20 million, a P/E ratio of 440.15, a PEG ratio of 1.98 and a beta of 0.93.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. Analysts anticipate that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current fiscal year.
Richardson Electronics Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th were paid a $0.06 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.24 dividend on an annualized basis and a yield of 1.82%. Richardson Electronics's dividend payout ratio is 800.00%.
Insiders Place Their Bets
In other news, CFO Robert J. Ben sold 2,500 shares of Richardson Electronics stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the transaction, the chief financial officer now owns 54,534 shares of the company's stock, valued at $724,211.52. This trade represents a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 32.84% of the company's stock.
Institutional Investors Weigh In On Richardson Electronics
Hedge funds have recently bought and sold shares of the company. Royce & Associates LP lifted its position in Richardson Electronics by 8.7% during the third quarter. Royce & Associates LP now owns 1,128,591 shares of the technology company's stock worth $13,927,000 after acquiring an additional 90,164 shares during the last quarter. State Street Corp grew its position in Richardson Electronics by 0.4% during the 3rd quarter. State Street Corp now owns 225,563 shares of the technology company's stock worth $2,783,000 after acquiring an additional 914 shares during the last quarter. Jane Street Group LLC raised its position in Richardson Electronics by 8.2% in the third quarter. Jane Street Group LLC now owns 15,545 shares of the technology company's stock valued at $192,000 after purchasing an additional 1,182 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Richardson Electronics during the third quarter valued at about $134,000. Finally, Barclays PLC grew its holdings in shares of Richardson Electronics by 151.0% during the third quarter. Barclays PLC now owns 19,639 shares of the technology company's stock worth $242,000 after purchasing an additional 11,815 shares during the last quarter. 71.95% of the stock is currently owned by institutional investors and hedge funds.
Richardson Electronics Company Profile
(
Get Free Report)
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.
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