Royce & Associates LP Purchases 90,164 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL)

Royce & Associates LP lifted its stake in Richardson Electronics, Ltd. (NASDAQ:RELL - Free Report) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,128,591 shares of the technology company's stock after acquiring an additional 90,164 shares during the quarter. Royce & Associates LP owned approximately 7.85% of Richardson Electronics worth $13,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of Richardson Electronics during the 1st quarter worth approximately $42,000. Perritt Capital Management Inc. acquired a new stake in Richardson Electronics in the 1st quarter valued at about $46,000. BNP Paribas Financial Markets grew its holdings in Richardson Electronics by 98.1% during the first quarter. BNP Paribas Financial Markets now owns 6,730 shares of the technology company's stock worth $62,000 after purchasing an additional 3,333 shares during the period. Quadrature Capital Ltd acquired a new position in Richardson Electronics during the first quarter worth approximately $109,000. Finally, Victory Capital Management Inc. raised its stake in Richardson Electronics by 32.1% in the second quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company's stock valued at $138,000 after buying an additional 2,830 shares during the period. Institutional investors own 71.95% of the company's stock.

Insider Buying and Selling at Richardson Electronics

In other Richardson Electronics news, Director James Benham acquired 4,500 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $13.29 per share, for a total transaction of $59,805.00. Following the purchase, the director now directly owns 13,706 shares of the company's stock, valued at $182,152.74. This trade represents a 48.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 32.84% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Richardson Electronics from a "sell" rating to a "hold" rating in a report on Friday, July 26th.

Richardson Electronics Stock Down 1.9 %

Shares of RELL traded down $0.27 during trading hours on Friday, hitting $13.89. The company had a trading volume of 53,775 shares, compared to its average volume of 66,990. The firm has a market cap of $199.74 million, a price-to-earnings ratio of -277.80, a PEG ratio of 2.85 and a beta of 0.95. The business has a fifty day moving average of $13.03 and a 200-day moving average of $12.00. Richardson Electronics, Ltd. has a 12 month low of $8.08 and a 12 month high of $15.05.

Richardson Electronics (NASDAQ:RELL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%. The firm had revenue of $53.73 million during the quarter, compared to the consensus estimate of $49.45 million. During the same period last year, the business posted $0.09 earnings per share. On average, equities analysts expect that Richardson Electronics, Ltd. will post 0.33 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 8th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.73%. Richardson Electronics's dividend payout ratio (DPR) is presently -480.00%.

About Richardson Electronics

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.