Richardson Electronics, Ltd. $RELL Shares Purchased by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. raised its holdings in Richardson Electronics, Ltd. (NASDAQ:RELL) by 13.9% during the first quarter, Holdings Channel.com reports. The firm owned 671,998 shares of the technology company’s stock after purchasing an additional 82,054 shares during the quarter. Richardson Electronics makes up 1.7% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 20th largest position. First Wilshire Securities Management Inc.’s holdings in Richardson Electronics were worth $7,358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aristides Capital LLC raised its stake in shares of Richardson Electronics by 4.7% during the 4th quarter. Aristides Capital LLC now owns 20,940 shares of the technology company’s stock worth $228,000 after buying an additional 940 shares in the last quarter. Nuveen LLC grew its holdings in Richardson Electronics by 9.7% during the fourth quarter. Nuveen LLC now owns 16,970 shares of the technology company’s stock worth $185,000 after acquiring an additional 1,507 shares during the period. Empowered Funds LLC grew its holdings in Richardson Electronics by 9.0% during the fourth quarter. Empowered Funds LLC now owns 19,142 shares of the technology company’s stock worth $208,000 after acquiring an additional 1,587 shares during the period. Bridgeway Capital Management LLC raised its position in Richardson Electronics by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 65,753 shares of the technology company’s stock worth $715,000 after acquiring an additional 1,587 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Richardson Electronics by 298.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the technology company’s stock worth $40,000 after acquiring an additional 3,117 shares in the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

Richardson Electronics Price Performance

NASDAQ RELL opened at $17.18 on Wednesday. The business has a 50 day moving average price of $17.26 and a 200 day moving average price of $14.02. The company has a market capitalization of $250.14 million, a P/E ratio of 63.63, a PEG ratio of 1.70 and a beta of 1.26. Richardson Electronics, Ltd. has a 1-year low of $9.37 and a 1-year high of $19.86.

Analyst Ratings Changes

RELL has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Richardson Electronics from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Northland Securities set a $14.00 price target on shares of Richardson Electronics in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.00.

Insider Buying and Selling at Richardson Electronics

In other news, EVP Kathleen Mcnally sold 6,636 shares of Richardson Electronics stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $16.85, for a total transaction of $111,816.60. Following the completion of the transaction, the executive vice president owned 45,719 shares of the company’s stock, valued at $770,365.15. The trade was a 12.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kenneth Halverson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $14.69, for a total transaction of $146,900.00. Following the completion of the sale, the director owned 14,345 shares in the company, valued at $210,728.05. This represents a 41.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 33.40% of the stock is currently owned by corporate insiders.

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.