Richardson Electronics, Ltd. (NASDAQ:RELL) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its position in shares of Richardson Electronics, Ltd. (NASDAQ:RELL - Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,248,276 shares of the technology company's stock after acquiring an additional 119,685 shares during the period. Royce & Associates LP owned about 8.66% of Richardson Electronics worth $17,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Richardson Electronics by 300.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 152,082 shares of the technology company's stock worth $1,877,000 after acquiring an additional 114,065 shares in the last quarter. Barclays PLC grew its holdings in Richardson Electronics by 151.0% during the 3rd quarter. Barclays PLC now owns 19,639 shares of the technology company's stock worth $242,000 after acquiring an additional 11,815 shares in the last quarter. Rhumbline Advisers grew its holdings in Richardson Electronics by 79.0% during the 4th quarter. Rhumbline Advisers now owns 34,396 shares of the technology company's stock worth $483,000 after acquiring an additional 15,181 shares in the last quarter. Geode Capital Management LLC grew its holdings in Richardson Electronics by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 290,605 shares of the technology company's stock worth $3,586,000 after acquiring an additional 14,727 shares in the last quarter. Finally, State Street Corp grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 71.95% of the company's stock.

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Analyst Upgrades and Downgrades

RELL has been the subject of several research analyst reports. Northland Capmk cut shares of Richardson Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Northland Securities restated a "market perform" rating on shares of Richardson Electronics in a report on Monday, January 13th.

Richardson Electronics Price Performance

Shares of Richardson Electronics stock traded down $0.16 during trading hours on Thursday, hitting $12.46. The company had a trading volume of 27,507 shares, compared to its average volume of 74,220. The company's 50-day moving average is $13.06 and its two-hundred day moving average is $13.29. Richardson Electronics, Ltd. has a twelve month low of $8.23 and a twelve month high of $15.51. The company has a market cap of $179.54 million, a P/E ratio of 415.47, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88.

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 for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. Sell-side analysts expect that Richardson Electronics, Ltd. will post 0.27 EPS for the current year.

Richardson Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 7th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, February 7th. Richardson Electronics's dividend payout ratio is currently 800.00%.

Insiders Place Their Bets

In other Richardson Electronics news, CFO Robert J. Ben sold 2,500 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total transaction of $33,200.00. Following the completion of the transaction, the chief financial officer now owns 54,534 shares in the company, valued at approximately $724,211.52. This represents a 4.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.84% of the stock is owned by insiders.

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.