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Richardson Electronics, Ltd. (NASDAQ:RELL - Get Rating) Director Jacques Belin sold 10,000 shares of the business's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $16.66, for a total transaction of $166,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jacques Belin also recently made the following trade(s): On Tuesday, May 17th, Jacques Belin sold 15,000 shares of Richardson Electronics stock. The shares were sold at an average price of $13.85, for a total transaction of $207,750.00. Richardson Electronics Price Performance

NASDAQ:RELL traded up $0.07 during trading hours on Friday, reaching $16.38. 1,362 shares of the stock were exchanged, compared to its average volume of 275,443. Richardson Electronics, Ltd. has a twelve month low of $7.37 and a twelve month high of $17.21. The firm has a 50 day moving average of $15.04 and a 200 day moving average of $13.23. The stock has a market cap of $223.75 million, a PE ratio of 12.55 and a beta of 0.55.

Richardson Electronics (NASDAQ:RELL - Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). The business had revenue of $61.63 million for the quarter, compared to analyst estimates of $61.50 million. Richardson Electronics had a net margin of 7.98% and a return on equity of 11.32%. Equities research analysts anticipate that Richardson Electronics, Ltd. will post 1.07 earnings per share for the current year. Richardson Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Friday, August 5th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, August 4th. Richardson Electronics's dividend payout ratio is currently 18.46%. Institutional Investors Weigh In On Richardson Electronics

A number of hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in Richardson Electronics in the fourth quarter worth $450,000. Hillsdale Investment Management Inc. increased its stake in Richardson Electronics by 121.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 228,510 shares of the technology company's stock worth $3,089,000 after acquiring an additional 125,367 shares during the last quarter. Potomac Capital Management Inc. bought a new position in Richardson Electronics in the 4th quarter worth about $338,000. Dimensional Fund Advisors LP increased its position in shares of Richardson Electronics by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 860,748 shares of the technology company's stock valued at $11,637,000 after purchasing an additional 7,473 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Richardson Electronics by 78.0% during the 4th quarter. Acadian Asset Management LLC now owns 61,986 shares of the technology company's stock valued at $837,000 after purchasing an additional 27,170 shares during the last quarter. 43.68% of the stock is currently owned by institutional investors. Richardson Electronics Company Profile (Get Rating)

Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. Its Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; technical services for microwave and industrial equipment; and power conversion and RF and microwave component for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.Recommended StoriesGet a free copy of the StockNews.com research report on Richardson Electronics (RELL)Cronos Group Inc's Revenues Are Up, Is It Time to Buy?Beyond Meat Is Not Beyond Hope, And It's CheapWhy Apple Could Be At All-Time Highs By Year EndBJ’s Wholesale Club Stock Has More Room to Grow How Does Freeport McMoran Inc Compare to Its Sector Competitors?

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