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

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

Richardson Electronics Stock Performance

Shares of RELL stock opened at $10.46 on Friday. Richardson Electronics, Ltd. has a 52-week low of $8.08 and a 52-week high of $19.58. The stock has a market cap of $149.30 million, a price-to-earnings ratio of 37.34, a P/E/G ratio of 7.50 and a beta of 1.01. The firm has a fifty day moving average of $9.05 and a 200-day moving average of $10.71.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Thursday, April 11th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Richardson Electronics had a net margin of 1.97% and a return on equity of 1.09%. The company had revenue of $52.38 million during the quarter, compared to analysts’ expectations of $56.00 million. During the same quarter in the prior year, the company posted $0.44 EPS. On average, sell-side analysts predict that Richardson Electronics, Ltd. will post 0.09 earnings per share for the current year.

Richardson Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, May 9th. Richardson Electronics’s payout ratio is 85.71%.

Institutional Investors Weigh In On Richardson Electronics

Large investors have recently made changes to their positions in the company. UBS Group AG grew its holdings in shares of Richardson Electronics by 85.4% in the 2nd quarter. UBS Group AG now owns 1,854 shares of the technology company’s stock worth $27,000 after purchasing an additional 854 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Richardson Electronics in the 3rd quarter worth about $29,000. Tower Research Capital LLC TRC grew its holdings in shares of Richardson Electronics by 106.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,240 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,157 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Richardson Electronics by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,553 shares of the technology company’s stock worth $32,000 after purchasing an additional 839 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC bought a new stake in Richardson Electronics during the 3rd quarter worth about $44,000. Institutional investors own 71.95% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Richardson Electronics from a “hold” rating to a “sell” rating in a research note 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.