Robert J. Ben Sells 2,500 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL) Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Robert J. Ben sold 2,500 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Richardson Electronics Trading Down 0.2 %

Shares of NASDAQ RELL traded down $0.03 during trading hours on Thursday, reaching $13.12. The stock had a trading volume of 24,799 shares, compared to its average volume of 68,535. The business’s fifty day moving average price is $13.78 and its two-hundred day moving average price is $13.01. The firm has a market cap of $189.06 million, a price-to-earnings ratio of 437.48, a P/E/G ratio of 1.92 and a beta of 0.93. Richardson Electronics, Ltd. has a 52-week low of $8.08 and a 52-week high of $15.51.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) 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%. Equities research analysts anticipate that Richardson Electronics, Ltd. will post 0.28 earnings per share for the current fiscal year.

Richardson Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, February 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.83%. Richardson Electronics’s dividend payout ratio is presently 800.27%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RELL shares. Northland Securities restated a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th. Northland Capmk cut shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th.

Hedge Funds Weigh In On Richardson Electronics

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Richardson Electronics by 300.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 152,082 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 114,065 shares during the last quarter. Barclays PLC boosted its holdings in shares of 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 purchasing an additional 11,815 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Richardson Electronics by 8.7% in the third quarter. Royce & Associates LP now owns 1,128,591 shares of the technology company’s stock valued at $13,927,000 after purchasing an additional 90,164 shares during the last quarter. Geode Capital Management LLC boosted its stake in Richardson Electronics by 5.3% during the third quarter. Geode Capital Management LLC now owns 290,605 shares of the technology company’s stock worth $3,586,000 after buying an additional 14,727 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of Richardson Electronics by 11.8% in the 2nd quarter. Squarepoint Ops LLC now owns 21,722 shares of the technology company’s stock worth $258,000 after acquiring an additional 2,284 shares during the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.

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.