Richardson Electronics (NASDAQ:RELL) EVP Jens Frank Ruppert Sells 17,000 Shares of Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) EVP Jens Frank Ruppert sold 17,000 shares of Richardson Electronics stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $12.09, for a total value of $205,530.00. Following the transaction, the executive vice president owned 39,500 shares of the company’s stock, valued at $477,555. The trade was a 30.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Richardson Electronics Stock Down 1.1%

Shares of RELL opened at $11.57 on Friday. The company has a market capitalization of $168.00 million, a price-to-earnings ratio of 231.45, a PEG ratio of 1.84 and a beta of 1.01. Richardson Electronics, Ltd. has a 52 week low of $7.57 and a 52 week high of $13.60. The stock’s 50-day moving average price is $10.81 and its 200-day moving average price is $10.39.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings results on Wednesday, January 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Richardson Electronics had a return on equity of 3.30% and a net margin of 0.38%.The company had revenue of $52.29 million during the quarter, compared to the consensus estimate of $49.90 million. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, equities analysts anticipate that Richardson Electronics, Ltd. will post 0.27 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 6th. Richardson Electronics’s dividend payout ratio is presently 480.00%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RELL. Zacks Research cut Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Northland Securities set a $11.00 price target on shares of Richardson Electronics in a research note on Thursday, January 22nd. Finally, Weiss Ratings cut shares of Richardson Electronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Richardson Electronics currently has an average rating of “Reduce” and an average price target of $11.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RELL. Goldman Sachs Group Inc. boosted its holdings in Richardson Electronics by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock valued at $950,000 after purchasing an additional 5,802 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Richardson Electronics during the 1st quarter worth approximately $198,000. Acadian Asset Management LLC raised its position in shares of Richardson Electronics by 17.0% during the 1st quarter. Acadian Asset Management LLC now owns 83,273 shares of the technology company’s stock valued at $928,000 after buying an additional 12,097 shares during the period. Founders Capital Management lifted its holdings in Richardson Electronics by 22.6% in the second quarter. Founders Capital Management now owns 6,500 shares of the technology company’s stock valued at $63,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in Richardson Electronics by 15.3% in the second quarter. Wedbush Securities Inc. now owns 14,814 shares of the technology company’s stock worth $143,000 after acquiring an additional 1,970 shares during the period. Institutional investors and hedge funds 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.