Key Points
- Richardson Electronics EVP Kathleen McNally sold 6,636 shares on May 20 at an average price of $16.85, totaling about $111,817. After the sale, she still held 45,719 shares, a 12.68% reduction in her ownership.
- The stock was trading near its 52-week high, opening at $17.55 versus a 52-week range of $8.66 to $19.86. Richardson Electronics also has a market cap of about $255.5 million.
- Recent fundamentals were mixed but generally solid: the company reported quarterly EPS of $0.07, beating estimates, and revenue of $55.47 million, also above expectations. Analysts currently have a consensus Hold rating with a $14.00 target price.
Richardson Electronics, Ltd. (NASDAQ:RELL - Get Free Report) EVP Kathleen Mcnally sold 6,636 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $16.85, for a total transaction of $111,816.60. Following the sale, the executive vice president owned 45,719 shares of the company's stock, valued at approximately $770,365.15. This represents a 12.68% 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 Price Performance
NASDAQ:RELL opened at $17.55 on Friday. The firm has a market capitalization of $255.53 million, a price-to-earnings ratio of 65.00, a price-to-earnings-growth ratio of 2.89 and a beta of 1.24. Richardson Electronics, Ltd. has a one year low of $8.66 and a one year high of $19.86. The business has a fifty day moving average price of $13.42 and a 200-day moving average price of $12.01.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 8th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $55.47 million during the quarter, compared to analyst estimates of $53.13 million. Richardson Electronics had a return on equity of 2.83% and a net margin of 1.75%. On average, equities research analysts expect that Richardson Electronics, Ltd. will post 0.25 earnings per share for the current fiscal year.
Richardson Electronics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, May 8th. Richardson Electronics's dividend payout ratio is 88.89%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Nano Cap New Millennium Growth Fund L P bought a new position in Richardson Electronics in the 4th quarter worth $462,000. Aristides Capital LLC boosted its holdings in Richardson Electronics by 14.1% in the 1st quarter. Aristides Capital LLC now owns 23,885 shares of the technology company's stock worth $262,000 after buying an additional 2,945 shares during the period. First Wilshire Securities Management Inc. boosted its holdings in Richardson Electronics by 13.9% in the 1st quarter. First Wilshire Securities Management Inc. now owns 671,998 shares of the technology company's stock worth $7,358,000 after buying an additional 82,054 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Richardson Electronics in the 1st quarter worth $1,095,000. Finally, Granite Investment Partners LLC bought a new position in Richardson Electronics in the 1st quarter worth $143,000. Institutional investors own 71.95% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on RELL shares. Weiss Ratings upgraded Richardson Electronics from a "sell (d+)" rating to a "hold (c)" rating in a research note on Wednesday, April 22nd. Northland Securities set a $14.00 target price on shares of Richardson Electronics in a report on Friday, April 10th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Richardson Electronics presently has a consensus rating of "Hold" and a consensus target price of $14.00.
Get Our Latest Stock Analysis 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.
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