Posted by admin on Jul 14th, 2022
Richardson Electronics (NASDAQ:RELL – Get Rating) is scheduled to release its earnings data after the market closes on Wednesday, July 20th. Analysts expect Richardson Electronics to post earnings of $0.36 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Shares of NASDAQ RELL opened at $15.09 on Thursday. The firm has a 50-day simple moving average of $14.18 and a 200-day simple moving average of $13.02. Richardson Electronics has a 52 week low of $7.20 and a 52 week high of $17.00. The stock has a market capitalization of $206.14 million, a price-to-earnings ratio of 17.75 and a beta of 0.55.
In related news, Director Jacques Belin sold 15,000 shares of the stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $13.85, for a total transaction of $207,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 37.28% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RELL. Dimensional Fund Advisors LP raised its position in shares of Richardson Electronics by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 922,705 shares of the technology company’s stock worth $11,478,000 after buying an additional 61,957 shares during the period. Renaissance Technologies LLC lifted its position in Richardson Electronics by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 850,873 shares of the technology company’s stock valued at $10,585,000 after purchasing an additional 24,908 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Richardson Electronics by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 473,601 shares of the technology company’s stock worth $5,892,000 after buying an additional 5,853 shares in the last quarter. Ancora Advisors LLC boosted its position in shares of Richardson Electronics by 490.0% during the 1st quarter. Ancora Advisors LLC now owns 155,515 shares of the technology company’s stock valued at $990,000 after purchasing an additional 129,158 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Richardson Electronics by 41.3% during the first quarter. Bank of New York Mellon Corp now owns 77,963 shares of the technology company’s stock worth $970,000 after buying an additional 22,793 shares in the last quarter. 43.68% of the stock is owned by institutional investors.
Separately, StockNews.com assumed coverage on Richardson Electronics in a report on Thursday, March 31st. They issued a “buy” rating on the stock.
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. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; technical services for microwave and industrial equipment; flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment; customized display solutions; 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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