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 the business’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 sale, the chief financial officer now owns 54,534 shares of the company’s stock, 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 available at this link.

Richardson Electronics Stock Down 0.7 %

NASDAQ RELL opened at $13.01 on Friday. Richardson Electronics, Ltd. has a 52 week low of $8.08 and a 52 week high of $15.51. The company has a market capitalization of $187.47 million, a P/E ratio of 433.81, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. The stock’s 50-day moving average price is $13.75 and its 200-day moving average price is $13.01.

Richardson Electronics (NASDAQ:RELL) last released its earnings results on Tuesday, January 7th. The technology company reported ($0.05) EPS 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%. Research analysts anticipate that Richardson Electronics, Ltd. will post 0.28 EPS for the current year.

Richardson Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, February 7th. Richardson Electronics’s dividend payout ratio is currently 800.27%.

Analyst Ratings Changes

Several research firms have recently commented on RELL. Northland Capmk lowered shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Northland Securities reiterated a “market perform” rating on shares of Richardson Electronics in a research report on Monday, January 13th.

Institutional Investors Weigh In On Richardson Electronics

Institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP grew its position in shares of 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 purchasing an additional 90,164 shares in the last quarter. Azarias Capital Management L.P. grew its holdings in Richardson Electronics by 3.9% during the 4th quarter. Azarias Capital Management L.P. now owns 446,496 shares of the technology company’s stock valued at $6,264,000 after buying an additional 16,843 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Richardson Electronics by 5.3% in 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 in the last quarter. State Street Corp boosted its position in shares of Richardson Electronics by 0.4% during the third 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. Finally, JPMorgan Chase & Co. grew its stake in Richardson Electronics by 300.0% during the third quarter. JPMorgan Chase & Co. now owns 152,082 shares of the technology company’s stock valued at $1,877,000 after acquiring an additional 114,065 shares in the last quarter. 71.95% of the stock is owned by institutional investors.

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.