Richardson Electronics (NASDAQ:RELL) EVP Kathleen Mcnally Sells 6,636 Shares

Richardson Electronics, Ltd. (NASDAQ:RELL) EVP Kathleen Mcnally sold 6,636 shares of Richardson Electronics stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.85, for a total transaction of $111,816.60. Following the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Richardson Electronics Trading Up 4.8%

Shares of RELL stock traded up $0.88 during trading hours on Friday, reaching $19.30. 191,373 shares of the stock were exchanged, compared to its average volume of 162,582. Richardson Electronics, Ltd. has a 12-month low of $8.66 and a 12-month high of $19.86. The company’s 50-day moving average price is $13.30 and its 200-day moving average price is $11.98. The firm has a market capitalization of $281.01 million, a price-to-earnings ratio of 71.78, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24.

Richardson Electronics (NASDAQ:RELL) last released its quarterly earnings results on Wednesday, April 8th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Richardson Electronics had a net margin of 1.75% and a return on equity of 2.83%. The firm had revenue of $55.47 million during the quarter, compared to analysts’ expectations of $53.13 million. On average, sell-side analysts expect that Richardson Electronics, Ltd. will post 0.25 EPS for the current year.

Richardson Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 8th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. Richardson Electronics’s payout ratio is currently 88.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of 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 price objective on shares of Richardson Electronics in a research report on Friday, April 10th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Institutional Investors Weigh In On Richardson Electronics

Several large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in Richardson Electronics by 298.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the technology company’s stock valued at $40,000 after purchasing an additional 3,117 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Richardson Electronics during the 2nd quarter valued at approximately $57,000. Los Angeles Capital Management LLC acquired a new position in Richardson Electronics during the 4th quarter valued at approximately $91,000. Engineers Gate Manager LP purchased a new stake in shares of Richardson Electronics in the 2nd quarter valued at $103,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Richardson Electronics in the 3rd quarter valued at $104,000. Institutional investors own 71.95% of the company’s stock.

Richardson Electronics Company Profile

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.