American Century Companies Inc. Has $341,000 Stock Position in Richardson Electronics, Ltd. (NASDAQ:RELL)

American Century Companies Inc. increased its holdings in Richardson Electronics, Ltd. (NASDAQ:RELL) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,312 shares of the technology company’s stock after acquiring an additional 1,651 shares during the period. American Century Companies Inc.’s holdings in Richardson Electronics were worth $341,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RELL. XTX Topco Ltd purchased a new stake in shares of Richardson Electronics in the third quarter worth approximately $134,000. Insight Wealth Strategies LLC bought a new position in Richardson Electronics during the 4th quarter valued at $140,000. Ritholtz Wealth Management purchased a new position in Richardson Electronics during the 4th quarter worth $172,000. Jane Street Group LLC grew its stake in shares of Richardson Electronics by 8.2% in the 3rd quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock worth $192,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Richardson Electronics by 151.0% in the third quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock valued at $242,000 after purchasing an additional 11,815 shares during the last quarter. Institutional investors own 71.95% of the company’s stock.

Analyst Ratings Changes

RELL has been the subject of a number of recent analyst reports. StockNews.com raised shares of Richardson Electronics from a “hold” rating to a “buy” rating in a research report on Friday. Northland Securities reaffirmed a “market perform” rating on shares of Richardson Electronics in a research report on Monday, January 13th. Finally, Northland Capmk cut Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th.

Richardson Electronics Stock Performance

Shares of RELL stock opened at $8.15 on Monday. Richardson Electronics, Ltd. has a 52 week low of $7.57 and a 52 week high of $15.51. The firm’s 50-day simple moving average is $12.04 and its two-hundred day simple moving average is $13.12. The firm has a market cap of $117.43 million, a price-to-earnings ratio of 271.76, a P/E/G ratio of 1.98 and a beta of 0.89.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Wednesday, April 9th. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $53.80 million during the quarter, compared to analyst estimates of $56.90 million. Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. During the same period in the prior year, the company earned $0.05 earnings per share. Analysts forecast that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.94%. Richardson Electronics’s payout ratio is -141.18%.

Insider Activity at Richardson Electronics

In other Richardson Electronics news, 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 $724,211.52. The trade was a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 32.84% of the stock is currently owned by corporate insiders.

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.