Key Points
- EVP Jens Frank Ruppert sold 17,000 shares at an average price of $12.09 on Jan. 27 for $205,530, cutting his stake by 30.09% to 39,500 shares (valued at about $477,555) as disclosed in an SEC filing.
- Richardson declared a quarterly dividend of $0.06 per share (annualized $0.24) with an ex-dividend date of Feb. 6 and payment on Feb. 25, implying a yield of 2.1% and a payout ratio of 480%.
- Recent results and outlook are mixed: the company reported ($0.01) EPS that met estimates and revenue of $52.29M (above consensus), but it has a market cap of $168M, high P/E (231.45) and a MarketBeat consensus rating of "Reduce" with an average $11 price target.
Richardson Electronics, Ltd. (NASDAQ:RELL - Get Free Report) EVP Jens Frank Ruppert sold 17,000 shares of the business's stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $12.09, for a total transaction of $205,530.00. Following the completion of the sale, the executive vice president owned 39,500 shares in the company, valued at approximately $477,555. This trade represents a 30.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Richardson Electronics Price Performance
NASDAQ RELL opened at $11.57 on Friday. The stock has a market capitalization of $168.00 million, a P/E ratio of 231.45, a PEG ratio of 1.84 and a beta of 1.01. The firm's 50-day moving average is $10.81 and its two-hundred day moving average is $10.39. Richardson Electronics, Ltd. has a 12 month low of $7.57 and a 12 month high of $13.60.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last released its quarterly earnings results on Wednesday, January 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). The business had revenue of $52.29 million for the quarter, compared to the consensus estimate of $49.90 million. Richardson Electronics had a net margin of 0.38% and a return on equity of 3.30%. During the same period in the previous year, the firm earned ($0.05) EPS. As a group, analysts anticipate that Richardson Electronics, Ltd. will post 0.27 EPS for the current year.
Richardson Electronics Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, February 6th. Richardson Electronics's dividend payout ratio is 480.00%.
Institutional Investors Weigh In On Richardson Electronics
Several large investors have recently bought and sold shares of RELL. Founders Capital Management boosted its stake in shares of Richardson Electronics by 22.6% in the 2nd quarter. Founders Capital Management now owns 6,500 shares of the technology company's stock valued at $63,000 after buying an additional 1,200 shares during the period. Wedbush Securities Inc. raised its holdings in Richardson Electronics by 15.3% in the second quarter. Wedbush Securities Inc. now owns 14,814 shares of the technology company's stock valued at $143,000 after acquiring an additional 1,970 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Richardson Electronics by 298.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the technology company's stock valued at $40,000 after acquiring an additional 3,117 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Richardson Electronics by 30.9% in the fourth quarter. Ritholtz Wealth Management now owns 19,278 shares of the technology company's stock worth $210,000 after acquiring an additional 4,554 shares during the last quarter. Finally, ARS Investment Partners LLC grew its holdings in Richardson Electronics by 11.7% during the 2nd quarter. ARS Investment Partners LLC now owns 50,944 shares of the technology company's stock worth $492,000 after acquiring an additional 5,353 shares in the last quarter. Hedge funds and other institutional investors own 71.95% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on RELL. Weiss Ratings downgraded Richardson Electronics from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, January 9th. Zacks Research lowered shares of Richardson Electronics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 9th. Finally, Northland Securities set a $11.00 price target on shares of Richardson Electronics in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $11.00.
Get Our Latest Report on Richardson Electronics
Richardson Electronics Company Profile
(
Get Free Report)
Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.
In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.
Further Reading
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