Posted by admin on Aug 7th, 2022

Richardson Electronics, Ltd. (NASDAQ:RELL – Get Rating) Director Jacques Belin sold 10,000 shares of the company’s stock in a transaction that occurred 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 link.

Jacques Belin also recently made the following trade(s):

NASDAQ:RELL opened at $16.66 on Friday. The firm’s fifty day moving average is $15.09 and its 200-day moving average is $13.24. Richardson Electronics, Ltd. has a 52 week low of $7.42 and a 52 week high of $17.21. The firm has a market cap of $227.58 million, a P/E ratio of 12.82 and a beta of 0.55.

Richardson Electronics (NASDAQ:RELL – Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Richardson Electronics had a net margin of 7.98% and a return on equity of 11.32%. The firm had revenue of $61.63 million during the quarter, compared to the consensus estimate of $61.50 million. As a group, sell-side analysts anticipate that Richardson Electronics, Ltd. will post 1.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders 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 1.44%. The ex-dividend date of this dividend is Thursday, August 4th. Richardson Electronics’s dividend payout ratio is currently 18.46%.

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Richardson Electronics by 4.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 34,700 shares of the technology company’s stock valued at $508,000 after purchasing an additional 1,400 shares during the last quarter. Ellsworth Advisors LLC bought a new position in Richardson Electronics during the second quarter worth $345,000. TCW Group Inc. boosted its stake in Richardson Electronics by 117.2% during the second quarter. TCW Group Inc. now owns 101,929 shares of the technology company’s stock worth $1,494,000 after acquiring an additional 55,000 shares in the last quarter. ARS Investment Partners LLC boosted its stake in Richardson Electronics by 6.1% during the second quarter. ARS Investment Partners LLC now owns 78,537 shares of the technology company’s stock worth $1,151,000 after acquiring an additional 4,501 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Richardson Electronics by 10.0% during the second quarter. Ritholtz Wealth Management now owns 32,564 shares of the technology company’s stock worth $477,000 after acquiring an additional 2,958 shares in the last quarter. 43.68% of the stock is owned by institutional investors.

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.

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