Richardson Electronics, Ltd. (NASDAQ:RELL) Director Paul J. Plante Purchases 5,000 Shares of Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) Director Paul J. Plante bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were bought at an average cost of $9.96 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $49,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Richardson Electronics Stock Up 2.7 %

Richardson Electronics stock opened at $10.13 on Friday. The firm has a market cap of $144.66 million, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 7.30 and a beta of 1.01. Richardson Electronics, Ltd. has a 52 week low of $8.08 and a 52 week high of $19.58. The business’s 50-day moving average price is $9.04 and its 200 day moving average price is $10.71.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Thursday, April 11th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $52.38 million for the quarter, compared to analyst estimates of $56.00 million. Richardson Electronics had a return on equity of 1.09% and a net margin of 1.97%. During the same period last year, the company earned $0.44 earnings per share. Equities analysts expect that Richardson Electronics, Ltd. will post 0.09 EPS for the current year.

Richardson Electronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, May 9th. Richardson Electronics’s dividend payout ratio (DPR) is 85.71%.

Institutional Trading of Richardson Electronics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Richardson Electronics by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 566,524 shares of the technology company’s stock valued at $7,563,000 after purchasing an additional 9,508 shares during the period. Goldman Sachs Group Inc. grew its holdings in Richardson Electronics by 69.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,251 shares of the technology company’s stock valued at $270,000 after purchasing an additional 8,302 shares during the period. Barclays PLC grew its holdings in Richardson Electronics by 263.3% in the fourth quarter. Barclays PLC now owns 20,231 shares of the technology company’s stock valued at $270,000 after purchasing an additional 14,662 shares during the period. Nuveen Asset Management LLC grew its holdings in Richardson Electronics by 38.4% in the fourth quarter. Nuveen Asset Management LLC now owns 21,406 shares of the technology company’s stock valued at $286,000 after purchasing an additional 5,943 shares during the period. Finally, Royal Bank of Canada grew its holdings in Richardson Electronics by 8.9% in the fourth quarter. Royal Bank of Canada now owns 21,310 shares of the technology company’s stock valued at $284,000 after purchasing an additional 1,749 shares during the period. 71.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Richardson Electronics from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.