ARS Investment Partners LLC Reduces Holdings in Richardson Electronics, Ltd. (NASDAQ:RELL)

ARS Investment Partners LLC lowered its stake in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,591 shares of the technology company’s stock after selling 2,105 shares during the quarter. ARS Investment Partners LLC owned about 0.32% of Richardson Electronics worth $640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RELL. Rhumbline Advisers grew its holdings in shares of Richardson Electronics by 19.5% during the second quarter. Rhumbline Advisers now owns 17,206 shares of the technology company’s stock worth $205,000 after buying an additional 2,803 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Richardson Electronics by 32.1% during the second quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company’s stock worth $138,000 after buying an additional 2,830 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Richardson Electronics by 14.7% during the second quarter. American Century Companies Inc. now owns 18,372 shares of the technology company’s stock worth $218,000 after buying an additional 2,359 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Richardson Electronics by 11.8% during the second quarter. Squarepoint Ops LLC now owns 21,722 shares of the technology company’s stock worth $258,000 after buying an additional 2,284 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Richardson Electronics by 8.7% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Richardson Electronics Trading Up 1.0 %

RELL stock opened at $13.56 on Tuesday. The firm has a 50 day moving average of $13.98 and a 200-day moving average of $12.91. Richardson Electronics, Ltd. has a 12-month low of $8.08 and a 12-month high of $15.51. The company has a market cap of $195.40 million, a price-to-earnings ratio of 452.15, a PEG ratio of 1.97 and a beta of 0.95.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. Sell-side analysts forecast that Richardson Electronics, Ltd. will post 0.28 earnings per share for the current fiscal year.

Richardson Electronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s payout ratio is currently 800.27%.

Analyst Ratings Changes

RELL has been the topic of a number of analyst reports. Northland Capmk lowered Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Northland Securities reaffirmed a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th.

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.